Bank Julius Baer & Co. Ltd Zurich Has $4.17 Million Stock Position in Pioneer Natural Resources (NYSE:PXD)

Bank Julius Baer & Co. Ltd Zurich reduced its stake in Pioneer Natural Resources (NYSE:PXD) by 40.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,556 shares of the oil and gas development company’s stock after selling 12,550 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Pioneer Natural Resources were worth $4,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hartford Financial Management Inc. lifted its stake in shares of Pioneer Natural Resources by 61.1% in the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after acquiring an additional 44 shares during the period. BluePath Capital Management LLC acquired a new position in Pioneer Natural Resources in the third quarter valued at approximately $29,000. Carmel Capital Partners LLC acquired a new position in Pioneer Natural Resources in the third quarter valued at approximately $34,000. Jones Financial Companies Lllp lifted its stake in Pioneer Natural Resources by 85.0% in 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 period. Finally, OLD Second National Bank of Aurora acquired a new position in Pioneer Natural Resources in the fourth quarter valued at approximately $34,000. 80.57% of the stock is owned by institutional investors and hedge funds.

Pioneer Natural Resources Stock Performance

NYSE:PXD opened at $268.87 on Friday. The business’s 50-day moving average price is $255.15 and its two-hundred day moving average price is $239.90. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83. The stock has a market cap of $62.81 billion, a P/E ratio of 13.28 and a beta of 1.31. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data 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 firm 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% compared to the same quarter last year. During the same quarter last year, the company posted $5.91 earnings per share. As a group, equities analysts predict that Pioneer Natural Resources will post 22.47 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders 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 dividend yield of 3.81%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

Insider Activity

In other news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $260.95, for a total transaction of $369,505.20. Following the transaction, the chief accounting officer now directly owns 4,990 shares in the company, valued at approximately $1,302,140.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Christopher L. Washburn sold 1,416 shares of the firm’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 transaction of $369,505.20. Following the transaction, the chief accounting officer now directly owns 4,990 shares in the company, valued at approximately $1,302,140.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of the firm’s 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 transaction, the executive vice president now owns 49,856 shares in the company, valued at $11,683,753.60. 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 insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PXD shares. Scotiabank boosted 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. Stifel Nicolaus upped their price target on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and issued a $279.00 price objective on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Susquehanna upped their price objective on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Finally, StockNews.com began coverage on Pioneer Natural Resources in a research report on Sunday, April 21st. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $264.10.

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 in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.