Private Wealth Partners LLC Sells 430 Shares of Pioneer Natural Resources (NYSE:PXD)

Private Wealth Partners LLC cut its position in Pioneer Natural Resources (NYSE:PXD) by 30.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,000 shares of the oil and gas development company’s stock after selling 430 shares during the period. Private Wealth Partners LLC’s holdings in Pioneer Natural Resources were worth $225,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PXD. Dai ichi Life Insurance Company Ltd boosted its position in Pioneer Natural Resources by 45.5% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company’s stock worth $4,839,000 after purchasing an additional 6,589 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Pioneer Natural Resources by 610.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock worth $141,965,000 after purchasing an additional 531,418 shares during the last quarter. Banco Santander S.A. boosted its holdings in Pioneer Natural Resources by 7.1% during the 3rd quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock valued at $11,847,000 after acquiring an additional 3,438 shares during the period. SCP Investment LP boosted its holdings in Pioneer Natural Resources by 80.0% during the 3rd quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock valued at $413,000 after acquiring an additional 800 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in Pioneer Natural Resources by 34.2% during the 3rd quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock valued at $101,122,000 after acquiring an additional 112,261 shares during the period. 80.57% of the stock is currently owned by institutional investors.

Pioneer Natural Resources Stock Down 2.3 %

Shares of Pioneer Natural Resources stock traded down $6.28 during midday trading on Friday, hitting $268.87. The company’s stock had a trading volume of 2,059,204 shares, compared to its average volume of 1,564,386. The firm has a market capitalization of $62.81 billion, a P/E ratio of 13.28 and a beta of 1.31. The stock has a 50-day simple moving average of $255.15 and a 200-day simple moving average of $239.90. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the business posted $5.91 EPS. Pioneer Natural Resources’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that Pioneer Natural Resources will post 22.47 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were given a dividend of $2.56 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.81%. Pioneer Natural Resources’s dividend payout ratio is presently 24.70%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Scotiabank boosted their target price on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. StockNews.com assumed coverage on Pioneer Natural Resources in a research report on Sunday, April 21st. They set a “hold” rating on the stock. Stifel Nicolaus boosted their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a report on Tuesday. Mizuho boosted their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Finally, Susquehanna upped their price objective on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $264.10.

Insider Buying and Selling at Pioneer Natural Resources

In other news, CAO Christopher L. Washburn sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the sale, the chief accounting officer now directly owns 4,990 shares in the company, valued at approximately $1,302,140.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the 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 transaction, 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 available through the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of the firm’s 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 completion of the transaction, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock valued at $9,067,373 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

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.