Institutional investors purchased a net $7.9 million shares of PXD during the quarter ended March 2013 and now own 98.39% of the total shares outstanding. This majority interest is a greater percentage than is typical for companies in the Oil & Gas Production industry and highlights that the smart money sees this stock as an important holding.
| Other institutional | 49.40% |
| Mutual fund holders | 48.98% |
| Individual stakeholders | 1.79% |