Avior Wealth Management LLC Trims Stake in Pioneer Natural Resources (NYSE:PXD)

Avior Wealth Management LLC reduced its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,109 shares of the oil and gas development company’s stock after selling 172 shares during the period. Avior Wealth Management LLC’s holdings in Pioneer Natural Resources were worth $250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hartford Financial Management Inc. increased its holdings 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 buying an additional 44 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in Pioneer Natural Resources during the third quarter valued at approximately $29,000. Ancora Advisors LLC increased its holdings in 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 valued at $30,000 after buying an additional 65 shares during the last quarter. Carmel Capital Partners LLC purchased a new stake in Pioneer Natural Resources during the third quarter valued at approximately $34,000. Finally, Jones Financial Companies Lllp increased its stake in shares of 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 worth $34,000 after purchasing an additional 68 shares in the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pioneer Natural Resources

In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the transaction, the executive vice president now owns 49,856 shares in the company, valued at $11,683,753.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 $108,711,848. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now directly owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock worth $9,067,373 over the last 90 days. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PXD shares. Scotiabank increased their price objective on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Mizuho increased their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Susquehanna increased their price objective on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. 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 research note on Tuesday, January 23rd. Finally, Truist Financial increased their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $259.00.

Pioneer Natural Resources Price Performance

PXD stock opened at $270.30 on Friday. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $250.68 and a two-hundred day simple moving average of $238.23. The firm has a market capitalization of $63.15 billion, a P/E ratio of 13.35 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last released 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). Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the business earned $5.91 EPS. Pioneer Natural Resources’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that Pioneer Natural Resources will post 21.5 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently disclosed 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 currently 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.