Pioneer Natural Resources (NYSE:PXD) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its holdings in Pioneer Natural Resources (NYSE:PXD) by 246.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 119,602 shares of the oil and gas development company’s stock after buying an additional 85,070 shares during the quarter. New York Life Investment Management LLC’s holdings in Pioneer Natural Resources were worth $26,896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PXD. Brookstone Capital Management boosted its stake in Pioneer Natural Resources by 13.9% in the 3rd quarter. Brookstone Capital Management now owns 4,339 shares of the oil and gas development company’s stock worth $996,000 after purchasing an additional 530 shares during the period. Commonwealth Equity Services LLC boosted its stake in Pioneer Natural Resources by 11.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 87,778 shares of the oil and gas development company’s stock worth $20,150,000 after purchasing an additional 8,873 shares during the period. Compagnie Lombard Odier SCmA boosted its stake in shares of Pioneer Natural Resources by 200.0% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 1,050 shares of the oil and gas development company’s stock valued at $241,000 after buying an additional 700 shares during the period. Vicus Capital acquired a new stake in shares of Pioneer Natural Resources during the 3rd quarter valued at $347,000. Finally, SVB Wealth LLC boosted its stake in shares of Pioneer Natural Resources by 3.2% during the 3rd quarter. SVB Wealth LLC now owns 5,287 shares of the oil and gas development company’s stock valued at $1,214,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Pioneer Natural Resources Stock Performance

PXD traded down $1.66 during trading on Wednesday, hitting $267.66. The stock had a trading volume of 5,910,778 shares, compared to its average volume of 2,041,939. The firm has a market cap of $62.53 billion, a PE ratio of 13.31 and a beta of 1.31. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $256.80 and a 200-day simple moving average of $240.29.

Pioneer Natural Resources (NYSE:PXD) last announced its 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). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the business earned $5.91 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Pioneer Natural Resources will post 22.47 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently disclosed 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 3.83%. Pioneer Natural Resources’s payout ratio is 24.70%.

Insider Transactions at Pioneer Natural Resources

In other news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following 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 legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following 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 legal filing with the SEC, which is accessible through the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the sale, the chief accounting officer now owns 4,990 shares in the company, valued at $1,302,140.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,766 shares of company stock worth $9,067,373. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PXD has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a research note on Monday. They set a “hold” rating for the company. Stifel Nicolaus lifted their target price on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $279.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Scotiabank lifted their target price on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Susquehanna lifted their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Two research 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $264.10.

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.