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

Private Wealth Partners LLC lowered its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 30.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,000 shares of the oil and gas development company’s stock after selling 430 shares during the quarter. Private Wealth Partners LLC’s holdings in Pioneer Natural Resources were worth $225,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Western Pacific Wealth Management LP lifted its position in Pioneer Natural Resources by 20.0% in the third quarter. Western Pacific Wealth Management LP now owns 264 shares of the oil and gas development company’s stock worth $61,000 after purchasing an additional 44 shares during the period. Hartford Financial Management Inc. boosted its holdings in Pioneer Natural Resources by 61.1% in the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after acquiring an additional 44 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in Pioneer Natural Resources by 19.1% during the fourth quarter. Financial Management Professionals Inc. now owns 281 shares of the oil and gas development company’s stock worth $63,000 after buying an additional 45 shares during the last quarter. Tlwm boosted its holdings in Pioneer Natural Resources by 1.3% during the fourth quarter. Tlwm now owns 3,576 shares of the oil and gas development company’s stock worth $804,000 after buying an additional 46 shares during the last quarter. Finally, Stratos Wealth Advisors LLC boosted its holdings in Pioneer Natural Resources by 2.3% during the fourth quarter. Stratos Wealth Advisors LLC now owns 2,075 shares of the oil and gas development company’s stock worth $467,000 after buying an additional 46 shares during the last quarter. 80.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was 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 of the company’s stock, valued at $1,302,140.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $235.25, for a total value of $2,352,500.00. Following the completion of the sale, the director now directly owns 462,112 shares of the company’s stock, valued at $108,711,848. 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 in the last quarter. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on PXD. Scotiabank lifted their price objective on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Stifel Nicolaus boosted their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a report on Tuesday. Mizuho boosted their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, Truist Financial upped their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $264.10.

Pioneer Natural Resources Trading Down 2.3 %

Shares of Pioneer Natural Resources stock traded down $6.28 on Friday, hitting $268.87. 2,059,204 shares of the company traded hands, compared to its average volume of 1,564,386. The stock’s 50 day moving average price is $255.15 and its 200-day moving average price is $239.90. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83. The company has a market cap of $62.81 billion, a PE ratio of 13.28 and a beta of 1.31.

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). Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the previous year, the company posted $5.91 earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts predict that Pioneer Natural Resources will post 22.47 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were issued 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 yield of 3.81%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 24.70%.

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.