SlateStone Wealth LLC Boosts Holdings in Pioneer Natural Resources (NYSE:PXD)

SlateStone Wealth LLC boosted its position in shares of Pioneer Natural Resources (NYSE:PXDGet Rating) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,483 shares of the oil and gas development company’s stock after acquiring an additional 192 shares during the period. SlateStone Wealth LLC’s holdings in Pioneer Natural Resources were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. AdvisorNet Financial Inc lifted its position in Pioneer Natural Resources by 4.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,081 shares of the oil and gas development company’s stock valued at $197,000 after acquiring an additional 50 shares during the last quarter. Telemus Capital LLC lifted its position in Pioneer Natural Resources by 3.1% during the fourth quarter. Telemus Capital LLC now owns 1,839 shares of the oil and gas development company’s stock valued at $334,000 after acquiring an additional 56 shares during the last quarter. Montecito Bank & Trust lifted its position in Pioneer Natural Resources by 1.9% during the fourth quarter. Montecito Bank & Trust now owns 3,095 shares of the oil and gas development company’s stock valued at $563,000 after acquiring an additional 58 shares during the last quarter. Global Retirement Partners LLC lifted its position in Pioneer Natural Resources by 25.9% during the third quarter. Global Retirement Partners LLC now owns 287 shares of the oil and gas development company’s stock valued at $48,000 after acquiring an additional 59 shares during the last quarter. Finally, CX Institutional lifted its position in Pioneer Natural Resources by 17.4% during the third quarter. CX Institutional now owns 426 shares of the oil and gas development company’s stock valued at $71,000 after acquiring an additional 63 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

PXD has been the subject of a number of research analyst reports. Bank of America cut shares of Pioneer Natural Resources from a “buy” rating to a “neutral” rating and raised their price target for the stock from $230.00 to $234.00 in a report on Monday, January 10th. Mizuho raised their price target on shares of Pioneer Natural Resources from $266.00 to $343.00 and gave the stock a “buy” rating in a report on Thursday, March 31st. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a report on Thursday, March 31st. They issued a “hold” rating for the company. Royal Bank of Canada raised their price target on shares of Pioneer Natural Resources from $255.00 to $275.00 in a report on Friday, February 18th. Finally, Raymond James raised their price target on shares of Pioneer Natural Resources from $260.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 24th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Pioneer Natural Resources has a consensus rating of “Buy” and a consensus price target of $246.00.

In related news, Director J Kenneth Thompson sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $228.67, for a total transaction of $343,005.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Chris J. Cheatwood sold 4,653 shares of the business’s stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $257.19, for a total transaction of $1,196,705.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,502 shares of company stock worth $24,082,861. Company insiders own 0.63% of the company’s stock.

PXD stock traded up $9.72 during midday trading on Friday, hitting $254.11. 2,106,701 shares of the stock traded hands, compared to its average volume of 2,325,085. The firm has a market cap of $61.72 billion, a P/E ratio of 30.80, a PEG ratio of 1.20 and a beta of 1.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.42. The stock’s fifty day simple moving average is $236.84 and its 200-day simple moving average is $205.48. Pioneer Natural Resources has a 1-year low of $133.73 and a 1-year high of $260.00.

Pioneer Natural Resources (NYSE:PXDGet Rating) last announced its earnings results on Wednesday, February 16th. The oil and gas development company reported $4.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.05 by $0.53. Pioneer Natural Resources had a net margin of 14.46% and a return on equity of 15.04%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.79 billion. During the same quarter last year, the business earned $1.07 earnings per share. On average, research analysts predict that Pioneer Natural Resources will post 26.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 14th. Stockholders of record on Monday, February 28th were given a $0.78 dividend. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.62. The ex-dividend date was Friday, February 25th. This represents a $3.12 annualized dividend and a dividend yield of 1.23%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 30.06%.

About Pioneer Natural Resources (Get Rating)

Pioneer Natural Resources Co operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses on the operation of the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997 and is headquartered in Irving, TX.

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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