Steph & Co. Sells 133 Shares of Pioneer Natural Resources (NYSE:PXD)

Steph & Co. lowered its stake in Pioneer Natural Resources (NYSE:PXD) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,790 shares of the oil and gas development company’s stock after selling 133 shares during the period. Steph & Co.’s holdings in Pioneer Natural Resources were worth $403,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PXD. Vanguard Group Inc. raised its position in shares of Pioneer Natural Resources by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 20,015,751 shares of the oil and gas development company’s stock worth $4,594,616,000 after acquiring an additional 113,751 shares in the last quarter. Geode Capital Management LLC grew its stake in Pioneer Natural Resources by 3.6% in the first quarter. Geode Capital Management LLC now owns 4,337,964 shares of the oil and gas development company’s stock worth $884,893,000 after purchasing an additional 149,026 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Pioneer Natural Resources by 46.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,242,203 shares of the oil and gas development company’s stock worth $968,877,000 after purchasing an additional 1,343,601 shares in the last quarter. Clearbridge Investments LLC lifted its position in Pioneer Natural Resources by 7.6% during the third quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock valued at $748,271,000 after buying an additional 231,470 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Pioneer Natural Resources by 25.7% during the third quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company’s stock valued at $743,734,000 after buying an additional 662,891 shares during the period. Institutional investors own 80.57% of the company’s stock.

Insider Transactions at Pioneer Natural Resources

In related news, 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 value of $820,225.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the transaction, the director now directly owns 462,112 shares in the company, valued at $108,711,848. The sale was disclosed in a document filed 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 dated Monday, March 4th. The stock was 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 approximately $11,683,753.60. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock valued at $9,067,373 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Pioneer Natural Resources Stock Performance

Shares of PXD traded up $0.53 on Wednesday, reaching $267.79. The company’s stock had a trading volume of 1,150,675 shares, compared to its average volume of 1,997,846. The stock’s 50 day simple moving average is $248.29 and its two-hundred day simple moving average is $237.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. The stock has a market capitalization of $62.56 billion, a P/E ratio of 13.20 and a beta of 1.31. Pioneer Natural Resources has a 12-month low of $196.74 and a 12-month high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last issued 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 business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.91 EPS. Research analysts forecast that Pioneer Natural Resources will post 20.79 earnings per share for the current fiscal 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 given a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s payout ratio is 24.70%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PXD. Scotiabank increased their price target on shares of 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. StockNews.com began coverage on shares of Pioneer Natural Resources in a report on Saturday. They set a “hold” rating for the company. Mizuho boosted their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Susquehanna raised their price objective on Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pioneer Natural Resources currently has a consensus rating of “Hold” and a consensus price target of $259.00.

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.