Lyell Wealth Management LP Has $1.63 Million Holdings in Pioneer Natural Resources (PXD)

Lyell Wealth Management LP raised its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 18.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,693 shares of the oil and gas development company’s stock after buying an additional 1,696 shares during the period. Lyell Wealth Management LP’s holdings in Pioneer Natural Resources were worth $1,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Allied Advisory Services Inc. boosted its position in Pioneer Natural Resources by 6.3% during the first quarter. First Allied Advisory Services Inc. now owns 2,114 shares of the oil and gas development company’s stock valued at $323,000 after buying an additional 125 shares during the period. OLD National Bancorp IN boosted its position in Pioneer Natural Resources by 15.9% during the first quarter. OLD National Bancorp IN now owns 27,646 shares of the oil and gas development company’s stock valued at $4,209,000 after buying an additional 3,785 shares during the period. Wealthstreet Investment Advisors LLC boosted its position in Pioneer Natural Resources by 33.5% during the first quarter. Wealthstreet Investment Advisors LLC now owns 7,375 shares of the oil and gas development company’s stock valued at $1,123,000 after buying an additional 1,850 shares during the period. Stephens Inc. AR boosted its position in Pioneer Natural Resources by 2.9% during the first quarter. Stephens Inc. AR now owns 20,379 shares of the oil and gas development company’s stock valued at $3,103,000 after buying an additional 575 shares during the period. Finally, Bbva Compass Bancshares Inc. boosted its position in Pioneer Natural Resources by 3.2% during the first quarter. Bbva Compass Bancshares Inc. now owns 5,098 shares of the oil and gas development company’s stock valued at $776,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 88.94% of the company’s stock.

Several research firms have issued reports on PXD. S&P Equity Research restated an “overweight” rating and set a $205.00 price target (up from $185.00) on shares of Pioneer Natural Resources in a research report on Wednesday, May 8th. Imperial Capital lowered their price objective on shares of Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. ValuEngine downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. TheStreet raised shares of Pioneer Natural Resources from a “c+” rating to a “b-” rating in a research note on Friday, April 26th. Finally, SunTrust Banks set a $205.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $206.26.

PXD stock opened at $151.65 on Monday. Pioneer Natural Resources has a 1 year low of $119.08 and a 1 year high of $213.40. The stock has a market capitalization of $25.85 billion, a P/E ratio of 24.03, a P/E/G ratio of 0.98 and a beta of 1.02. The company has a quick ratio of 1.29, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.22. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. Pioneer Natural Resources’s revenue was up 12.2% on a year-over-year basis. On average, equities analysts anticipate that Pioneer Natural Resources will post 8.61 earnings per share for the current fiscal year.

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About Pioneer Natural Resources

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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.

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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