Energy Opportunities Capital Management LLC lowered its stake in Pioneer Natural Resources (NYSE:PXD) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,513 shares of the oil and gas development company’s stock after selling 3,500 shares during the quarter. Pioneer Natural Resources comprises approximately 2.5% of Energy Opportunities Capital Management LLC’s holdings, making the stock its 13th largest holding. Energy Opportunities Capital Management LLC’s holdings in Pioneer Natural Resources were worth $3,546,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. WFG Advisors LP increased its holdings in Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after purchasing an additional 102 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Pioneer Natural Resources in the 3rd quarter valued at about $176,000. Shelton Capital Management acquired a new stake in Pioneer Natural Resources in the 2nd quarter valued at about $205,000. Cetera Investment Advisers acquired a new stake in Pioneer Natural Resources in the 2nd quarter valued at about $206,000. Finally, Savant Capital LLC acquired a new stake in Pioneer Natural Resources in the 4th quarter valued at about $208,000. 89.92% of the stock is currently owned by institutional investors.
In related news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $172.60, for a total value of $310,680.00. Following the transaction, the executive vice president now owns 22,964 shares in the company, valued at $3,963,586.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark Stephen Berg sold 2,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $154.47, for a total transaction of $308,940.00. Following the completion of the transaction, the executive vice president now owns 48,719 shares in the company, valued at approximately $7,525,623.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,306 shares of company stock worth $4,506,785. 0.89% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on the stock. Mizuho reiterated a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. JPMorgan Chase & Co. set a $185.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. National Alliance Securities upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Citigroup raised their price objective on shares of Pioneer Natural Resources from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Credit Suisse Group assumed coverage on shares of Pioneer Natural Resources in a report on Monday, December 11th. They set an “outperform” rating and a $192.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $210.30.
Shares of Pioneer Natural Resources (NYSE:PXD) traded up $2.14 during trading hours on Friday, hitting $179.55. 735,321 shares of the stock were exchanged, compared to its average volume of 1,765,694. The firm has a market capitalization of $30,580.00, a price-to-earnings ratio of 150.34, a PEG ratio of 2.84 and a beta of 0.92. The company has a current ratio of 1.41, a quick ratio of 1.31 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $196.00.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.63. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. Pioneer Natural Resources had a net margin of 13.69% and a return on equity of 3.45%. Pioneer Natural Resources’s revenue was up 48.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. research analysts anticipate that Pioneer Natural Resources will post 5.69 earnings per share for the current fiscal year.
Pioneer Natural Resources declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
The company also recently announced a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.16 dividend. This is a positive change from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a yield of 0.18%. Pioneer Natural Resources’s payout ratio is presently 6.72%.
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Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.
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