CVA Family Office LLC Takes $62,000 Position in Pioneer Natural Resources (NYSE:PXD)

CVA Family Office LLC purchased a new stake in Pioneer Natural Resources (NYSE:PXD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 276 shares of the oil and gas development company’s stock, valued at approximately $62,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Pioneer Natural Resources by 0.6% in the third quarter. Vanguard Group Inc. now owns 20,015,751 shares of the oil and gas development company’s stock valued at $4,594,616,000 after purchasing an additional 113,751 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Pioneer Natural Resources by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 4,337,964 shares of the oil and gas development company’s stock worth $884,893,000 after buying an additional 149,026 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Pioneer Natural Resources by 46.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,242,203 shares of the oil and gas development company’s stock worth $968,877,000 after acquiring an additional 1,343,601 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Pioneer Natural Resources by 7.6% in the third quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock worth $748,271,000 after purchasing an additional 231,470 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Pioneer Natural Resources by 25.7% during the third quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company’s stock worth $743,734,000 after acquiring an additional 662,891 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Natural Resources Price Performance

Shares of PXD opened at $260.00 on Thursday. The business has a 50-day moving average of $235.14 and a 200-day moving average of $233.55. Pioneer Natural Resources has a 1 year low of $193.40 and a 1 year high of $260.42. The company has a market capitalization of $60.74 billion, a price-to-earnings ratio of 12.85 and a beta of 1.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72.

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 for the quarter, missing the consensus estimate of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same period last year, the business posted $5.91 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Pioneer Natural Resources will post 20.35 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

Analyst Ratings Changes

PXD has been the subject of a number of recent research reports. UBS Group reduced their price target on Pioneer Natural Resources from $269.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, December 14th. Susquehanna increased their price objective on 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 Pioneer Natural Resources in a research report on Thursday. They set a “hold” rating on the stock. Stifel Nicolaus reduced their target price on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a report on Tuesday, January 23rd. Finally, Mizuho boosted their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Pioneer Natural Resources has a consensus rating of “Hold” and an average price target of $254.90.

Insiders Place Their Bets

In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 4,350 shares of Pioneer Natural Resources stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $254.08, for a total value of $1,105,248.00. Following the completion of the sale, the executive vice president now directly owns 45,506 shares of the company’s stock, valued at $11,562,164.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction dated 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 transaction, the director now owns 462,112 shares in the company, valued at approximately $108,711,848. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark H. Kleinman sold 4,350 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $254.08, for a total transaction of $1,105,248.00. Following the transaction, the executive vice president now directly owns 45,506 shares in the company, valued at $11,562,164.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,350 shares of company stock worth $8,175,628. Corporate insiders own 0.55% of the company’s stock.

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.