Insider Selling: Pioneer Natural Resources (NYSE:PXD) EVP Sells 4,350 Shares of Stock

Pioneer Natural Resources (NYSE:PXD) EVP Mark H. Kleinman sold 4,350 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $254.08, for a total value of $1,105,248.00. Following the completion of the transaction, the executive vice president now owns 45,506 shares in the company, valued at $11,562,164.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pioneer Natural Resources Trading Up 1.2 %

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

Pioneer Natural Resources (NYSE:PXD) last issued 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 firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.91 EPS. Equities research analysts anticipate that Pioneer Natural Resources will post 20.35 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dai ichi Life Insurance Company Ltd grew its position in Pioneer Natural Resources by 45.5% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company’s stock worth $4,839,000 after acquiring an additional 6,589 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Pioneer Natural Resources by 610.6% during the third quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock valued at $141,965,000 after buying an additional 531,418 shares during the period. Banco Santander S.A. boosted its position in shares of Pioneer Natural Resources by 7.1% during the third quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock valued at $11,847,000 after buying an additional 3,438 shares during the period. SCP Investment LP boosted its position in shares of Pioneer Natural Resources by 80.0% during the third quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock valued at $413,000 after buying an additional 800 shares during the period. Finally, William Blair Investment Management LLC boosted its position in shares of Pioneer Natural Resources by 34.2% during the third quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock valued at $101,122,000 after buying an additional 112,261 shares during the period. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PXD shares. Mizuho raised their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. UBS Group dropped their price target on Pioneer Natural Resources from $269.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, December 14th. Susquehanna raised their price target on Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. StockNews.com assumed coverage on Pioneer Natural Resources in a report on Thursday. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus decreased 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. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Pioneer Natural Resources presently has a consensus rating of “Hold” and an average target price of $254.90.

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.