Pioneer Natural Resources (NYSE:PXD) Stock Holdings Decreased by Amalgamated Bank

Amalgamated Bank lessened its stake in Pioneer Natural Resources (NYSE:PXD) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,371 shares of the oil and gas development company’s stock after selling 836 shares during the quarter. Amalgamated Bank’s holdings in Pioneer Natural Resources were worth $13,351,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Hartford Financial Management Inc. lifted its holdings in Pioneer Natural Resources by 61.1% during the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after buying an additional 44 shares during the last quarter. BluePath Capital Management LLC bought a new position in Pioneer Natural Resources during the third quarter worth $29,000. Carmel Capital Partners LLC acquired a new position in Pioneer Natural Resources in the third quarter worth $34,000. Jones Financial Companies Lllp increased its stake in Pioneer Natural Resources by 85.0% during the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. Finally, OLD Second National Bank of Aurora acquired a new stake in shares of Pioneer Natural Resources during the fourth quarter worth $34,000. Institutional investors own 80.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PXD. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $279.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Susquehanna upped their target price on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Scotiabank raised their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. 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, Stifel Nicolaus raised their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Pioneer Natural Resources presently has a consensus rating of “Hold” and an average target price of $264.10.

Insider Activity at Pioneer Natural Resources

In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the transaction, the director now directly owns 11,132 shares in the company, valued at approximately $2,906,787.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the sale, the director now directly owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the transaction, the executive vice president now directly owns 49,856 shares in the company, valued at $11,683,753.60. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock valued at $9,067,373 over the last ninety days. Insiders own 0.57% of the company’s stock.

Pioneer Natural Resources Price Performance

NYSE PXD remained flat at $269.62 on Friday. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year high of $278.83. The company has a market cap of $62.99 billion, a PE ratio of 13.32 and a beta of 1.28. The firm has a fifty day moving average of $258.20 and a 200-day moving average of $240.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88.

Pioneer Natural Resources (NYSE:PXD) last announced its 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). Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the business earned $5.91 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources will post 22.47 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.80%. Pioneer Natural Resources’s 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.