Pioneer Natural Resources: Exec Insiders and Funds Cashing Stock in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Pioneer Natural Resources Co. (NYSE:PXD).

SEC data indicate these insiders have sold Pioneer Natural Resources Co.’s stock since 06/30/2011:

  • Gardner R Hartwell: act as Director. On 11/18/2011, sold 15,000 shares, worth $1,378,800.
  • Berg Mark Stephen: act as EVP & General Counsel. On 11/16/2011, sold 7,500 shares, worth $721,300.
  • Dealy Richard P: act as EVP & CFO. On 12/01/2011, sold 7,500 shares, worth $714,500.
  • Kellum Danny L: act as EVP, Permian Operations. On 11/15/2011, sold 7,000 shares, worth $648,300.
  • Sheffield Scott D: act as Chairman & CEO. On 11/18/2011, sold 7,000 shares, worth $641,100.

SEC data indicate that these institutions significantly reduced their stock shares of Pioneer Natural Resources Co. in Q3 2011:

  • RAINIER INVESTMENT MANAGEMENT INC/: On 06/30/2011, held 1,947,910 shares, worth $174,376,903. On 09/30/2011, held 0 shares.
  • CITADEL ADVISORS LLC: On 06/30/2011, held 562,665 shares, worth $50,369,771. On 09/30/2011, held 0 shares.
  • ZIMMER LUCAS CAPITAL LLC: On 06/30/2011, held 369,652 shares, worth $33,091,247. On 09/30/2011, held 0 shares.
  • RUANE, CUNNIFF & GOLDFARB INC: On 06/30/2011, held 301,050 shares, worth $26,949,996. On 09/30/2011, held 0 shares.
  • BNP PARIBAS ARBITRAGE, SA: On 06/30/2011, held 251,336 shares, worth $22,499,599. On 09/30/2011, held 0 shares.

About the company: Pioneer Natural Resources Company is an independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations primarily in the United States.

Competitors to Watch: Lucas Energy, Inc. (AMEX:LEI), Anadarko Petroleum Corp. (NYSE:APC), Contango Oil & Gas Company (AMEX:MCF), Cimarex Energy Co. (NYSE:XEC), SM Energy Co. (NYSE:SM), Brigham Exploration Co. (NASDAQ:BEXP), Abraxas Petroleum Corp. (NASDAQ:AXAS), Concho Resources Inc. (NYSE:CXO), Linn Energy, LLC (NASDAQ:LINE), and Approach Resources Inc. (NASDAQ:AREX).

(Note: Data regarding Pioneer Natural Resources Co.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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