Community Bank & Trust Waco Texas Purchases Shares of 3,638 Pioneer Natural Resources (NYSE:PXD)

Community Bank & Trust Waco Texas purchased a new position in shares of Pioneer Natural Resources (NYSE:PXD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 3,638 shares of the oil and gas development company’s stock, valued at approximately $818,000.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in 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 worth $4,594,616,000 after acquiring an additional 113,751 shares during the last quarter. Clearbridge Investments LLC lifted its position in Pioneer Natural Resources by 7.6% during the third 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 purchasing an additional 231,470 shares during the period. Bank of New York Mellon Corp boosted its holdings in Pioneer Natural Resources by 25.7% in the third 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 purchasing an additional 662,891 shares during the last quarter. Northern Trust Corp grew its position in Pioneer Natural Resources by 2.2% during the 3rd quarter. Northern Trust Corp now owns 2,497,868 shares of the oil and gas development company’s stock worth $573,386,000 after purchasing an additional 54,841 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Pioneer Natural Resources by 7.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,923,819 shares of the oil and gas development company’s stock valued at $443,574,000 after buying an additional 134,982 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

Insider Activity

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction that occurred on 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 owns 4,990 shares in the company, valued at approximately $1,302,140.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 completion of the transaction, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Kenneth Thompson sold 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the transaction, the director now owns 16,070 shares in the company, valued at $4,017,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,766 shares of company stock worth $9,067,373. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PXD. Mizuho raised their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Stifel Nicolaus raised their price objective on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research note on Tuesday. Susquehanna boosted their target price on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research note on Monday. StockNews.com assumed coverage on shares of Pioneer Natural Resources in a report on Sunday. They set a “hold” rating on the stock. Finally, Scotiabank lifted their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $264.10.

Pioneer Natural Resources Stock Down 0.2 %

Shares of PXD traded down $0.47 during mid-day trading on Wednesday, hitting $274.76. 523,805 shares of the company’s stock were exchanged, compared to its average volume of 1,981,740. The stock’s 50-day moving average is $252.53 and its 200-day moving average is $239.17. 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 has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The company has a market cap of $64.19 billion, a price-to-earnings ratio of 13.59 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing the consensus estimate of $5.41 by ($0.13). The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $5.91 EPS. On average, sell-side analysts anticipate that Pioneer Natural Resources will post 21.66 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were given a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Pioneer Natural Resources Company 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.