Insider Selling: Pioneer Natural Resources (NYSE:PXD) CAO Sells 1,416 Shares of Stock

Pioneer Natural Resources (NYSE:PXD) CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the transaction, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Pioneer Natural Resources Stock Performance

Shares of NYSE:PXD opened at $262.50 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. The business’s 50 day moving average price is $237.83 and its 200-day moving average price is $234.13. The firm has a market capitalization of $61.33 billion, a PE ratio of 12.97 and a beta of 1.30. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $263.08.

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 for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $5.91 EPS. As a group, equities research analysts expect that Pioneer Natural Resources will post 20.29 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were paid a dividend of $2.56 per share. This represents a $10.24 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 24.70%.

Hedge Funds Weigh In On Pioneer Natural Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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 worth $26,000 after buying an additional 44 shares during the last quarter. Sachetta LLC acquired a new position in shares of Pioneer Natural Resources in the 4th quarter valued at $27,000. BluePath Capital Management LLC acquired a new position in shares of Pioneer Natural Resources in the 3rd quarter valued at $29,000. Ancora Advisors LLC lifted its stake in shares of Pioneer Natural Resources by 77.4% in the 1st quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after purchasing an additional 65 shares during the last quarter. Finally, DecisionPoint Financial LLC acquired a new position in shares of Pioneer Natural Resources in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PXD shares. Susquehanna increased their target price on Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Stifel Nicolaus lowered their target price on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company in a research report on Tuesday, January 23rd. StockNews.com started coverage on Pioneer Natural Resources in a research report on Thursday. They set a “hold” rating for the company. UBS Group lowered their target price 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. Finally, Mizuho increased their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $254.90.

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.