Canal Capital Management LLC lessened its holdings in Pioneer Natural Resources (NYSE:PXD) by 11.5% during the fourth quarter, Holdings Channel reports. The fund owned 2,268 shares of the oil and gas development company’s stock after selling 294 shares during the period. Canal Capital Management LLC’s holdings in Pioneer Natural Resources were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allred Capital Management LLC bought a new stake in Pioneer Natural Resources in the 4th quarter valued at $37,000. Parallax Volatility Advisers L.P. raised its stake in Pioneer Natural Resources by 1,606.7% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 256 shares of the oil and gas development company’s stock valued at $39,000 after acquiring an additional 241 shares during the period. HM Payson & Co. bought a new stake in Pioneer Natural Resources in the 2nd quarter valued at $53,000. Venturi Wealth Management LLC bought a new stake in Pioneer Natural Resources in the 3rd quarter valued at $53,000. Finally, Squar Milner Financial Services LLC raised its stake in Pioneer Natural Resources by 40.1% in the 4th quarter. Squar Milner Financial Services LLC now owns 433 shares of the oil and gas development company’s stock valued at $65,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 87.04% of the company’s stock.

PXD has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating on the stock in a research note on Friday, October 4th. ValuEngine upgraded Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. Wells Fargo & Co dropped their price target on Pioneer Natural Resources from $197.00 to $188.00 and set an “overweight” rating on the stock in a research note on Thursday, January 9th. SunTrust Banks increased their price target on Pioneer Natural Resources from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Howard Weil initiated coverage on Pioneer Natural Resources in a research note on Wednesday, November 13th. They issued a “sector perform” rating on the stock. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $178.78.

In other news, CAO Margaret Montemayor sold 1,200 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $133.90, for a total transaction of $160,680.00. Also, EVP Mark H. Kleinman sold 1,750 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $147.49, for a total value of $258,107.50. Following the sale, the executive vice president now directly owns 21,283 shares in the company, valued at $3,139,029.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,323 shares of company stock worth $1,173,258. Insiders own 0.91% of the company’s stock.

NYSE PXD traded down $1.44 on Tuesday, reaching $147.35. The stock had a trading volume of 1,273,269 shares, compared to its average volume of 1,295,031. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.68. The firm has a fifty day moving average of $145.90 and a two-hundred day moving average of $134.51. Pioneer Natural Resources has a 1-year low of $114.79 and a 1-year high of $178.22. The company has a market cap of $24.65 billion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 0.93 and a beta of 1.27.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Monday, November 4th. The oil and gas development company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.03). Pioneer Natural Resources had a net margin of 7.88% and a return on equity of 9.86%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the company earned $2.07 earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. Research analysts predict that Pioneer Natural Resources will post 8.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Monday, December 30th. Pioneer Natural Resources’s dividend payout ratio is 27.89%.

About Pioneer Natural Resources

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 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.

Further Reading: Initial Coin Offerings entail a high degree of risk

Want to see what other hedge funds are holding PXD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Natural Resources (NYSE:PXD).

Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.