Nilsine Partners LLC Grows Stock Holdings in Pioneer Natural Resources (NYSE:PXD)

Nilsine Partners LLC boosted its stake in Pioneer Natural Resources (NYSE:PXD) by 7.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,284 shares of the oil and gas development company’s stock after purchasing an additional 91 shares during the quarter. Nilsine Partners LLC’s holdings in Pioneer Natural Resources were worth $337,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PXD. Hartford Financial Management Inc. lifted its stake in Pioneer Natural Resources by 61.1% in the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after purchasing an additional 44 shares in the last quarter. Sachetta LLC bought a new position in shares of Pioneer Natural Resources in the 4th quarter valued at about $27,000. BluePath Capital Management LLC bought a new stake in Pioneer Natural Resources in the third quarter worth about $29,000. Carmel Capital Partners LLC bought a new stake in Pioneer Natural Resources in the third quarter worth about $34,000. Finally, Jones Financial Companies Lllp lifted its stake in Pioneer Natural Resources by 85.0% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Mizuho raised their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 target price on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Susquehanna raised their target price on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a research report on Monday. They set a “hold” rating on the stock. Finally, Scotiabank raised their target price on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Two research 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 data from MarketBeat, Pioneer Natural Resources has a consensus rating of “Hold” and an average price target of $264.10.

Insiders Place Their Bets

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources 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 $1,302,140.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction on Monday, March 4th. The stock was sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the sale, the director now owns 462,112 shares of the company’s stock, valued at $108,711,848. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,766 shares of company stock valued at $9,067,373. 0.55% of the stock is currently owned by insiders.

Pioneer Natural Resources Stock Down 1.6 %

NYSE PXD traded down $4.28 on Tuesday, hitting $269.32. The stock had a trading volume of 2,086,190 shares, compared to its average volume of 1,995,326. The business’s fifty day moving average price is $256.80 and its 200 day moving average price is $240.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83. The stock has a market cap of $62.92 billion, a price-to-earnings ratio of 13.31 and a beta of 1.31.

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 (EPS) for the quarter, missing the consensus estimate of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the firm posted $5.91 earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Pioneer Natural Resources will post 22.47 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were issued a $2.56 dividend. 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 dividend payout ratio is currently 24.70%.

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.