Clear Harbor Asset Management LLC Has $12.35 Million Stock Position in Pioneer Natural Resources (NYSE:PXD)

Clear Harbor Asset Management LLC cut its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,901 shares of the oil and gas development company’s stock after selling 701 shares during the period. Pioneer Natural Resources makes up approximately 1.1% of Clear Harbor Asset Management LLC’s investment portfolio, making the stock its 17th largest holding. Clear Harbor Asset Management LLC’s holdings in Pioneer Natural Resources were worth $12,346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake 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 valued at $4,594,616,000 after acquiring an additional 113,751 shares during the last quarter. Geode Capital Management LLC raised its holdings 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. boosted its position in shares of Pioneer Natural Resources by 46.4% during 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 grew its holdings in shares of Pioneer Natural Resources by 7.6% in the 3rd 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 increased its position in shares of Pioneer Natural Resources by 25.7% in the 3rd 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 in the last quarter. Institutional investors own 80.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PXD shares. Stifel Nicolaus decreased their target price on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company in a research note on Tuesday, January 23rd. StockNews.com initiated coverage on Pioneer Natural Resources in a research note on Thursday. They set a “hold” rating for the company. Susquehanna lifted their price target on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. UBS Group lowered their price objective on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, December 14th. Finally, Mizuho boosted their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $254.90.

Pioneer Natural Resources Stock Up 1.0 %

Shares of NYSE:PXD traded up $2.50 during trading on Thursday, hitting $262.50. 2,173,103 shares of the company were exchanged, compared to its average volume of 2,100,565. The stock has a market cap of $61.33 billion, a price-to-earnings ratio of 12.97 and a beta of 1.30. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $263.08. The firm has a fifty day moving average price of $236.00 and a two-hundred day moving average price of $233.73.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. Pioneer Natural Resources’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.91 earnings per share. As a group, research analysts anticipate that Pioneer Natural Resources will post 20.35 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were paid a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a yield of 3.90%. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 24.70%.

Insider Buying and Selling

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the sale, the chief accounting officer now owns 4,990 shares in the company, valued at $1,302,140.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the sale, the director now owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,766 shares of company stock worth $9,067,373. Company 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.