Everpar Advisors LLC Acquires New Stake in Pioneer Natural Resources (NYSE:PXD)

Everpar Advisors LLC bought a new position in Pioneer Natural Resources (NYSE:PXD) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,181 shares of the oil and gas development company’s stock, valued at approximately $266,000.

Other hedge funds have also made changes to their positions in the company. Hartford Financial Management Inc. lifted its holdings in shares of Pioneer Natural Resources by 61.1% in the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after buying an additional 44 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of Pioneer Natural Resources in the 3rd quarter worth $29,000. Carmel Capital Partners LLC purchased a new stake in shares of Pioneer Natural Resources in the 3rd quarter worth $34,000. Jones Financial Companies Lllp raised its position in shares of Pioneer Natural Resources by 85.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after acquiring an additional 68 shares in the last quarter. Finally, OLD Second National Bank of Aurora bought a new position in shares of Pioneer Natural Resources in the 4th quarter worth $34,000. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Pioneer Natural Resources Price Performance

PXD stock remained flat at $269.62 during mid-day trading on Wednesday. The company has a market cap of $63.00 billion, a P/E ratio of 13.32 and a beta of 1.28. The company’s fifty day moving average price is $260.37 and its two-hundred day moving average price is $240.89. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 0.90.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $5.91 EPS. Equities research analysts anticipate that Pioneer Natural Resources will post 22.07 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were given a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.80%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Scotiabank boosted their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Mizuho upped their target price 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. Stifel Nicolaus upped their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 target price on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Finally, Susquehanna upped their target price on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Pioneer Natural Resources has an average rating of “Hold” and an average target price of $264.10.

Insider Activity

In related news, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the sale, the director now owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the sale, the director now owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director J Kenneth Thompson sold 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the sale, the director now directly owns 16,070 shares of the company’s stock, valued at approximately $4,017,500. The disclosure for this sale can be found here. Insiders have sold a total of 36,766 shares of company stock worth $9,067,373 over the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Pioneer Natural Resources Company 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.