Pioneer Natural Resources (NYSE:PXD) Holdings Lowered by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC reduced its holdings in Pioneer Natural Resources (NYSE:PXD) by 30.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,548 shares of the oil and gas development company’s stock after selling 6,866 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Pioneer Natural Resources were worth $3,497,000 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. raised its position in shares of 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 acquiring an additional 44 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Pioneer Natural Resources in the third quarter valued at approximately $29,000. Carmel Capital Partners LLC bought a new position in shares of Pioneer Natural Resources during the third quarter worth approximately $34,000. Jones Financial Companies Lllp boosted its holdings in shares of Pioneer Natural Resources by 85.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 68 shares in the last quarter. Finally, OLD Second National Bank of Aurora acquired a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at $34,000. 80.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PXD has been the subject of several research analyst reports. Mizuho lifted their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Stifel Nicolaus upped their price target on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. StockNews.com assumed coverage on shares of Pioneer Natural Resources in a report on Monday, April 29th. They set a “hold” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Finally, Scotiabank increased their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $264.10.

Pioneer Natural Resources Stock Performance

Shares of Pioneer Natural Resources stock remained flat at $269.62 on Friday. The stock has a 50-day moving average price of $258.20 and a 200 day moving average price of $240.69. The firm has a market cap of $62.99 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $278.83. 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 announced its earnings results 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 for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the previous year, the company earned $5.91 earnings per share. Pioneer Natural Resources’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Pioneer Natural Resources will post 22.47 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors 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 3.80%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Insiders Place Their Bets

In other news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the completion of the transaction, the chief accounting officer now owns 4,990 shares in the company, valued at approximately $1,302,140.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the transaction, the director now owns 11,132 shares in the company, valued at $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the transaction, the chief accounting officer now owns 4,990 shares in the company, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,766 shares of company stock worth $9,067,373. 0.57% of the stock is owned by insiders.

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.