Pioneer Natural Resources (NYSE:PXD) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lowered its stake in Pioneer Natural Resources (NYSE:PXD) by 22.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,023 shares of the oil and gas development company’s stock after selling 3,197 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Pioneer Natural Resources were worth $2,478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds 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 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after purchasing an additional 44 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in Pioneer Natural Resources during the 3rd quarter worth $29,000. Carmel Capital Partners LLC acquired a new stake in Pioneer Natural Resources during the 3rd quarter worth $34,000. Jones Financial Companies Lllp boosted its stake in Pioneer Natural Resources by 85.0% during the 3rd 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 during the last quarter. Finally, OLD Second National Bank of Aurora acquired a new stake in Pioneer Natural Resources during the 4th quarter worth $34,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Pioneer Natural Resources Stock Performance

Shares of Pioneer Natural Resources stock opened at $269.62 on Friday. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $278.83. The company has a market cap of $62.99 billion, a PE ratio of 13.32 and a beta of 1.28. 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 has a 50-day simple moving average of $258.94 and a 200-day simple moving average of $240.84.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.91 earnings per share. On average, equities research analysts forecast that Pioneer Natural Resources will post 22.07 EPS 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. Stockholders of record on Monday, March 4th were issued a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.80%. Pioneer Natural Resources’s payout ratio is currently 24.70%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PXD. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Truist Financial lifted their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Mizuho lifted their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Susquehanna lifted their price target on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Finally, Scotiabank lifted their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $264.10.

Insider Transactions at Pioneer Natural Resources

In other news, EVP Mark H. Kleinman sold 3,500 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of the transaction, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director J Kenneth Thompson sold 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the sale, the director now directly owns 16,070 shares of the company’s stock, valued at $4,017,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources 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 directly owns 49,856 shares in the company, valued at $11,683,753.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,766 shares of company stock valued at $9,067,373. Corporate insiders own 0.57% of the company’s stock.

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.