Pioneer Natural Resources (NYSE:PXD) Stock Holdings Trimmed by SVB Wealth LLC

SVB Wealth LLC decreased its holdings in Pioneer Natural Resources (NYSE:PXD) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,846 shares of the oil and gas development company’s stock after selling 441 shares during the quarter. SVB Wealth LLC’s holdings in Pioneer Natural Resources were worth $1,090,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Crescent Grove Advisors LLC grew its position in Pioneer Natural Resources by 16.9% in the 4th quarter. Crescent Grove Advisors LLC now owns 2,163 shares of the oil and gas development company’s stock valued at $486,000 after buying an additional 312 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Pioneer Natural Resources by 25.6% in the fourth quarter. Mackenzie Financial Corp now owns 20,655 shares of the oil and gas development company’s stock valued at $4,645,000 after acquiring an additional 4,215 shares in the last quarter. Cullen Investment Group LTD. acquired a new position in shares of Pioneer Natural Resources during the fourth quarter valued at approximately $1,664,000. Waldron Private Wealth LLC increased its stake in shares of Pioneer Natural Resources by 1.8% during the fourth quarter. Waldron Private Wealth LLC now owns 3,676 shares of the oil and gas development company’s stock valued at $826,000 after acquiring an additional 64 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in Pioneer Natural Resources during the fourth quarter worth approximately $916,000. Institutional investors own 80.57% of the company’s stock.

Insider Activity at Pioneer Natural Resources

In related news, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the transaction, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Mark H. Kleinman sold 3,500 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the transaction, the chief accounting officer now directly owns 4,990 shares in the company, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,766 shares of company stock valued at $9,067,373. 0.57% of the stock is owned by corporate insiders.

Pioneer Natural Resources Stock Up 0.1 %

Pioneer Natural Resources stock opened at $268.12 on Friday. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. The firm has a market cap of $62.64 billion, a PE ratio of 13.25 and a beta of 1.31. The firm’s 50 day moving average price is $249.82 and its two-hundred day moving average price is $237.91.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing the consensus estimate of $5.41 by ($0.13). The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.91 earnings per share. On average, research analysts predict that Pioneer Natural Resources will post 21.15 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were issued a dividend of $2.56 per share. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.82%. Pioneer Natural Resources’s dividend payout ratio is 24.70%.

Wall Street Analyst Weigh In

PXD has been the topic of several research analyst reports. Mizuho lifted their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a research report on Saturday, April 13th. They issued a “hold” rating on the stock. Scotiabank raised their price objective on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Stifel Nicolaus dropped their target price on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $259.00.

Pioneer Natural Resources Profile

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 in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.