Great Valley Advisor Group Inc. Lowers Position in Pioneer Natural Resources (NYSE:PXD)

Great Valley Advisor Group Inc. lowered its position in Pioneer Natural Resources (NYSE:PXD) by 16.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,002 shares of the oil and gas development company’s stock after selling 194 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Pioneer Natural Resources were worth $226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York Life Investment Management LLC grew its stake in shares of Pioneer Natural Resources by 246.4% in the 4th quarter. New York Life Investment Management LLC now owns 119,602 shares of the oil and gas development company’s stock worth $26,896,000 after buying an additional 85,070 shares during the last quarter. Essex Financial Services Inc. increased its stake in Pioneer Natural Resources by 13.1% during the 4th quarter. Essex Financial Services Inc. now owns 12,421 shares of the oil and gas development company’s stock valued at $2,793,000 after purchasing an additional 1,437 shares in the last quarter. Savant Capital LLC raised its holdings in Pioneer Natural Resources by 16.0% in the fourth quarter. Savant Capital LLC now owns 2,720 shares of the oil and gas development company’s stock worth $612,000 after buying an additional 375 shares during the last quarter. Alpha Cubed Investments LLC bought a new position in shares of Pioneer Natural Resources in the fourth quarter worth approximately $268,000. Finally, Brighton Jones LLC grew its holdings in shares of Pioneer Natural Resources by 31.1% during the fourth quarter. Brighton Jones LLC now owns 1,429 shares of the oil and gas development company’s stock valued at $321,000 after buying an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Pioneer Natural Resources Stock Performance

Pioneer Natural Resources stock opened at $269.62 on Tuesday. The company’s 50-day moving average price is $259.65 and its 200-day moving average price is $240.76. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. The company has a market cap of $63.00 billion, a PE ratio of 13.32 and a beta of 1.28. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last issued 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 company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a return on equity of 21.21% and a net margin of 24.28%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.91 earnings per share. On average, equities research analysts forecast that Pioneer Natural Resources will post 22.07 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. Shareholders of record on Monday, March 4th were paid a dividend of $2.56 per share. This represents a $10.24 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s payout ratio is 24.70%.

Insider Buying and Selling at Pioneer Natural Resources

In related news, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the transaction, the executive vice president now directly owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Jerome D. Hall, Jr. sold 7,000 shares of the firm’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 transaction of $1,755,180.00. Following the completion of the sale, the executive vice president now directly owns 76,885 shares of the company’s stock, valued at approximately $19,278,144.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of the sale, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 over the last quarter. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PXD. StockNews.com started coverage on Pioneer Natural Resources in a research report on Tuesday. They set a “hold” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Susquehanna lifted their price target on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Mizuho upped their price objective 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, Truist Financial lifted their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Two 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $264.10.

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.