Daiwa Securities Group Inc. Purchases 1,249 Shares of Pioneer Natural Resources (NYSE:PXD)

Daiwa Securities Group Inc. boosted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 6.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,044 shares of the oil and gas development company’s stock after acquiring an additional 1,249 shares during the period. Daiwa Securities Group Inc.’s holdings in Pioneer Natural Resources were worth $4,732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. boosted its stake 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 bought a new position in Pioneer Natural Resources during the third quarter valued at approximately $29,000. Carmel Capital Partners LLC bought a new position in Pioneer Natural Resources during the third quarter valued at approximately $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, Ancora Advisors LLC boosted its stake 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. 80.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the transaction, the executive vice president now directly owns 49,856 shares in the company, valued at approximately $11,683,753.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the transaction, the executive vice president now directly owns 49,856 shares in the company, valued at approximately $11,683,753.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Sheffield sold 10,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the transaction, the director now owns 462,112 shares in the company, valued at $108,711,848. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 in the last ninety days. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Susquehanna increased their price target on Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Stifel Nicolaus lowered their price objective on 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. Mizuho raised their price objective 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. Scotiabank raised their price objective 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. Finally, StockNews.com assumed coverage on Pioneer Natural Resources in a research note on Saturday, April 13th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Pioneer Natural Resources has an average rating of “Hold” and an average price target of $259.00.

Pioneer Natural Resources Trading Up 0.9 %

Shares of NYSE PXD opened at $270.30 on Friday. 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 business’s 50 day moving average price is $250.68 and its 200-day moving average price is $238.23. 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 $63.15 billion, a price-to-earnings 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). The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.91 earnings per share. On average, sell-side analysts expect that Pioneer Natural Resources will post 21.5 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were issued 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 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.