Bank of Stockton maintained its position in shares of Pioneer Natural Resources (NYSE:PXD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,310 shares of the oil and gas development company’s stock at the end of the fourth quarter. Bank of Stockton’s holdings in Pioneer Natural Resources were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Planning Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the fourth quarter worth approximately $427,000. Cabot Wealth Management purchased a new stake in shares of Pioneer Natural Resources during the fourth quarter valued at about $1,740,000. Alta Advisers Ltd boosted its stake in shares of Pioneer Natural Resources by 12.9% in the fourth quarter. Alta Advisers Ltd now owns 21,201 shares of the oil and gas development company’s stock valued at $2,658,000 after buying an additional 2,419 shares during the last quarter. Verde Servico Internacionais purchased a new stake in shares of Pioneer Natural Resources during the fourth quarter valued at about $4,325,000. Finally, Janus Capital Management boosted its stake in shares of Pioneer Natural Resources by 75.4% in the third quarter. Janus Capital Management now owns 34,366 shares of the oil and gas development company’s stock valued at $4,181,000 after buying an additional 14,775 shares during the last quarter.

Pioneer Natural Resources (NYSE:PXD) opened at 122.29 on Tuesday. The firm’s 50-day moving average price is $120.19 and its 200 day moving average price is $128.40. The company has a market capitalization of $18.27 billion and a price-to-earnings ratio of 23.51. Pioneer Natural Resources has a 12-month low of $103.50 and a 12-month high of $181.97.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Monday, November 2nd. The oil and gas development company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $819.76 million. During the same period in the prior year, the firm posted $1.35 EPS. Pioneer Natural Resources’s revenue was up 46.6% on a year-over-year basis. On average, equities research analysts expect that Pioneer Natural Resources will post ($0.25) EPS for the current fiscal year.

Several brokerages have issued reports on PXD. Macquarie upped their price objective on Pioneer Natural Resources from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Wednesday, November 4th. Seaport Global Securities upgraded Pioneer Natural Resources from an “accumulate” rating to a “buy” rating and increased their price target for the stock from $150.00 to $175.00 in a research report on Wednesday, January 13th. Topeka Capital Markets increased their price target on Pioneer Natural Resources from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. RBC Capital increased their price target on Pioneer Natural Resources from $140.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Finally, KLR Group dropped their price target on Pioneer Natural Resources from $178.00 to $154.00 in a research report on Tuesday, January 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $165.63.

In other Pioneer Natural Resources news, EVP Mark Stephen Berg sold 3,000 shares of Pioneer Natural Resources stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $147.95, for a total transaction of $443,850.00. Following the completion of the sale, the executive vice president now owns 47,942 shares of the company’s stock, valued at approximately $7,093,018.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $149.09, for a total transaction of $1,490,900.00. Following the sale, the chief executive officer now directly owns 603,983 shares of the company’s stock, valued at approximately $90,047,825.47. The disclosure for this sale can be found here.

Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas exploration and production company with operations in the United States. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties. The Company’s properties include Spraberry/Wolfcamp oil field located in West Texas; the liquid-rich Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle, and the Edwards gas field located in South Texas. The Company’s operations include well stimulation and hydraulic fracturing. The Company’s proved reserves include approximately 89 million Bbls (MMBbl) of oil, 42 MMBbls of NGLs and 317 billion cubic feet (Bcf) of gas. The Company owns interests in six gas processing plants and eight treating facilities.

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