Natixis Advisors L.P. Sells 161,052 Shares of Pioneer Natural Resources (NYSE:PXD)

Natixis Advisors L.P. cut its position in shares of Pioneer Natural Resources (NYSE:PXD) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 580,711 shares of the oil and gas development company’s stock after selling 161,052 shares during the period. Natixis Advisors L.P. owned 0.25% of Pioneer Natural Resources worth $130,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Hartford Financial Management Inc. increased its position in Pioneer Natural Resources by 61.1% during the fourth 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 last quarter. BluePath Capital Management LLC acquired a new position in shares of Pioneer Natural Resources during the 3rd quarter worth approximately $29,000. Carmel Capital Partners LLC bought a new stake in Pioneer Natural Resources in the 3rd quarter valued at $34,000. Jones Financial Companies Lllp raised its stake in 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 valued at $34,000 after acquiring an additional 68 shares during the period. Finally, OLD Second National Bank of Aurora acquired a new stake in Pioneer Natural Resources during the 4th quarter valued at $34,000. 80.57% of the stock is owned by institutional investors.

Pioneer Natural Resources Stock Up 0.9 %

Pioneer Natural Resources stock traded up $2.53 during midday trading on Thursday, hitting $270.19. 2,171,036 shares of the stock were exchanged, compared to its average volume of 2,048,053. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $63.12 billion, a price-to-earnings ratio of 13.23 and a beta of 1.28. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83. The business’s 50-day moving average price is $257.48 and its 200-day moving average price is $240.49.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. Pioneer Natural Resources’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company posted $5.91 earnings per share. On average, research analysts expect that Pioneer Natural Resources will post 22.47 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Insiders Place Their Bets

In other news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the sale, the executive vice president now owns 49,856 shares of the company’s stock, valued at $11,683,753.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Jerome D. Hall, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $250.74, for a total value of $1,755,180.00. Following the completion of the sale, the executive vice president now owns 76,885 shares in the company, valued at approximately $19,278,144.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction that occurred on 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 $11,683,753.60. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock worth $9,067,373 over the last quarter. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PXD has been the subject of a number of research reports. Royal Bank of Canada restated 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 boosted 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 report on Thursday, April 11th. 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 note on Tuesday, March 19th. Susquehanna upped their price objective on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, Stifel Nicolaus lifted 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. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $264.10.

About Pioneer Natural Resources

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.