Pioneer Natural Resources (NYSE:PXD) Position Trimmed by Signet Financial Management LLC

Signet Financial Management LLC decreased its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,877 shares of the oil and gas development company’s stock after selling 289 shares during the period. Signet Financial Management LLC’s holdings in Pioneer Natural Resources were worth $422,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PXD. Hartford Financial Management Inc. increased its stake in Pioneer Natural Resources by 61.1% during the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after purchasing an additional 44 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of Pioneer Natural Resources during the third quarter worth about $29,000. Ancora Advisors LLC grew its position in shares of Pioneer Natural Resources by 77.4% during the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after acquiring an additional 65 shares during the last quarter. Carmel Capital Partners LLC bought a new position in shares of Pioneer Natural Resources during the third quarter worth about $34,000. Finally, Jones Financial Companies Lllp grew its position in shares of 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 worth $34,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

Insider Activity

In other news, EVP Mark H. Kleinman sold 3,500 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $234.35, for a total value of $820,225.00. Following the transaction, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the transaction, the director now owns 462,112 shares in the company, valued at $108,711,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of the transaction, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 in the last 90 days. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Scotiabank upped their price target 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. Susquehanna upped their price target on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. StockNews.com assumed coverage on shares of Pioneer Natural Resources in a research report on Saturday. They set a “hold” rating for the company. Mizuho upped their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Finally, Stifel Nicolaus reduced their price objective on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Pioneer Natural Resources currently has a consensus rating of “Hold” and an average price target of $259.00.

Pioneer Natural Resources Price Performance

NYSE PXD opened at $267.22 on Wednesday. The stock’s 50-day moving average price is $248.29 and its two-hundred day moving average price is $237.48. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. The company has a market cap of $62.43 billion, a PE ratio of 13.20 and a beta of 1.31. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data 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). The company 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 EPS. On average, analysts predict that Pioneer Natural Resources will post 20.79 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were issued a dividend of $2.56 per share. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a yield of 3.83%. Pioneer Natural Resources’s payout ratio is presently 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.