Cwm LLC Sells 405 Shares of Pioneer Natural Resources (NYSE:PXD)

Cwm LLC cut its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,229 shares of the oil and gas development company’s stock after selling 405 shares during the period. Cwm LLC’s holdings in Pioneer Natural Resources were worth $1,401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PXD. Private Trust Co. NA increased its position in shares of Pioneer Natural Resources by 12.7% during the third quarter. Private Trust Co. NA now owns 1,115 shares of the oil and gas development company’s stock valued at $256,000 after buying an additional 126 shares during the period. Koshinski Asset Management Inc. increased its position in shares of Pioneer Natural Resources by 20.1% in the third quarter. Koshinski Asset Management Inc. now owns 1,290 shares of the oil and gas development company’s stock worth $296,000 after purchasing an additional 216 shares during the last quarter. CX Institutional increased its position in shares of Pioneer Natural Resources by 28.9% in the third quarter. CX Institutional now owns 2,418 shares of the oil and gas development company’s stock worth $555,000 after purchasing an additional 542 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Pioneer Natural Resources by 6.5% in the third quarter. Asset Management One Co. Ltd. now owns 107,239 shares of the oil and gas development company’s stock worth $24,617,000 after purchasing an additional 6,579 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of Pioneer Natural Resources in the third quarter worth approximately $224,000. 80.57% of the stock is currently owned by institutional investors.

Pioneer Natural Resources Stock Performance

NYSE:PXD opened at $268.87 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. The firm has a market cap of $62.81 billion, a PE ratio of 13.28 and a beta of 1.31. The business has a 50 day moving average price of $255.15 and a 200-day moving average price of $239.90. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly 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 company had revenue of $5.22 billion during 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%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $5.91 EPS. Equities research analysts predict that Pioneer Natural Resources will post 22.47 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a $2.56 dividend. This represents a $10.24 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 24.70%.

Analyst Ratings Changes

Several research firms recently weighed in on PXD. Truist Financial upped their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Stifel Nicolaus upped their price objective on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research report on Tuesday. Susquehanna upped their target price on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Mizuho upped their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Finally, Scotiabank upped their target price on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pioneer Natural Resources has a consensus rating of “Hold” and a consensus price target of $264.10.

Insider Activity at Pioneer Natural Resources

In related news, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction on 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 sale, the director now owns 462,112 shares in the company, valued at $108,711,848. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction on 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 sale, the director now owns 462,112 shares in the company, valued at $108,711,848. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were 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 approximately $1,302,140.50. 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. Corporate insiders own 0.57% of the company’s stock.

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.