The Loudon Investment Management LLC Continues to Hold Position in Pioneer Natural Resources (PXD)

The Loudon Investment Management LLC Continues to Hold Position in Pioneer Natural Resources (PXD)

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coconut Grove Bank raised its stake in shares of Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock worth $103,000 after buying an additional 281 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Pioneer Natural Resources by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 36 shares during the period. Winch Advisory Services LLC acquired a new stake in Pioneer Natural Resources during the first quarter worth $112,000. LBA Wealth Management LLC raised its stake in Pioneer Natural Resources by 44.2% in the fourth quarter. LBA Wealth Management LLC now owns 750 shares of the oil and gas development company’s stock worth $135,000 after buying an additional 230 shares during the period. Finally, Massey Quick & Co. LLC acquired a new stake in Pioneer Natural Resources during the fourth quarter worth $143,000. 93.86% of the stock is owned by institutional investors.

Loudon Investment Management LLC maintained its position in Pioneer Natural Resources (NYSE:PXD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,892 shares of the oil and gas development company’s stock at the end of the first quarter. Loudon Investment Management LLC’s holdings in Pioneer Natural Resources were worth $725,000 as of its most recent filing with the SEC.

Shares of Pioneer Natural Resources (NYSE PXD) opened at 164.88 on Monday. Pioneer Natural Resources has a 52-week low of $146.08 and a 52-week high of $199.83. The firm has a 50-day moving average price of $172.47 and a 200 day moving average price of $182.09. The stock’s market cap is $28.05 billion.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Wednesday, May 3rd. The oil and gas development company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. Pioneer Natural Resources had a negative return on equity of 0.33% and a negative net margin of 14.56%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business posted ($0.64) EPS. Pioneer Natural Resources’s quarterly revenue was up 114.3% compared to the same quarter last year. Analysts expect that Pioneer Natural Resources will post $1.83 earnings per share for the current year. A number of research firms recently weighed in on PXD. Mitsubishi UFJ Financial Group raised shares of Pioneer Natural Resources from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $212.00 to $250.00 in a research note on Tuesday, February 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $245.00 target price (up from $224.00) on shares of Pioneer Natural Resources in a report on Monday, February 13th. Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $267.00 target price on shares of Pioneer Natural Resources in a report on Wednesday, April 12th. Finally, Scotiabank reiterated a “buy” rating and issued a $250.00 target price on shares of Pioneer Natural Resources in a report on Thursday, March 16th. Four equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $216.50.

In other news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the sale, the executive vice president now directly owns 45,110 shares in the company, valued at approximately $7,839,666.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Stephen Berg sold 1,500 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the executive vice president now owns 52,719 shares in the company, valued at $10,239,084.18. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock. About Pioneer Natural Resources

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PXD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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