Pittenger & Anderson Inc. Sells 7,600 Shares of Pioneer Natural Resources (NYSE:PXD)

Pittenger & Anderson Inc. cut its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 20.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,205 shares of the oil and gas development company’s stock after selling 7,600 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Pioneer Natural Resources were worth $6,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hartford Financial Management Inc. increased its holdings in Pioneer Natural Resources by 61.1% in the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after acquiring an additional 44 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of Pioneer Natural Resources in the third quarter worth about $29,000. Carmel Capital Partners LLC purchased a new stake in shares of Pioneer Natural Resources in the third quarter worth about $34,000. Jones Financial Companies Lllp boosted 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 buying an additional 68 shares during the last quarter. Finally, OLD Second National Bank of Aurora purchased a new position in Pioneer Natural Resources during the 4th quarter valued at approximately $34,000. 80.57% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the completion of the sale, the director now directly owns 462,112 shares in the company, valued at approximately $108,711,848. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Scott D. Sheffield sold 7,500 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $252.33, for a total transaction of $1,892,475.00. Following the transaction, the director now directly owns 447,112 shares of the company’s stock, valued at $112,819,770.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now owns 462,112 shares of the company’s stock, valued at approximately $108,711,848. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,766 shares of company stock worth $9,067,373. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Susquehanna upped their price target 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. Stifel Nicolaus lifted their price target on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research report on Tuesday. Truist Financial boosted their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Finally, Mizuho upped their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $264.10.

Pioneer Natural Resources Stock Down 1.7 %

Pioneer Natural Resources stock traded down $4.81 during midday trading on Friday, hitting $270.34. 1,277,071 shares of the company’s stock were exchanged, compared to its average volume of 1,983,553. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. The company has a market cap of $63.16 billion, a PE ratio of 13.59 and a beta of 1.31. The firm has a 50-day moving average of $254.41 and a two-hundred day moving average of $239.67.

Pioneer Natural Resources (NYSE:PXD) last released 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 analysts’ consensus estimates of $5.41 by ($0.13). The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. Pioneer Natural Resources’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.91 earnings per share. As a group, analysts expect that Pioneer Natural Resources will post 22.47 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were given a dividend of $2.56 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 annualized dividend and a yield of 3.79%. Pioneer Natural Resources’s dividend payout ratio (DPR) 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.