Moody National Bank Trust Division Purchases 265 Shares of Pioneer Natural Resources (NYSE:PXD)

Moody National Bank Trust Division raised its position in Pioneer Natural Resources (NYSE:PXD – Get Rating) by 3.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,175 shares of the oil and gas development company’s stock after acquiring an additional 265 shares during the period. Moody National Bank Trust Division’s holdings in Pioneer Natural Resources were worth $1,867,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cowa LLC bought a new stake in Pioneer Natural Resources in the 3rd quarter valued at approximately $27,000. Kistler Tiffany Companies LLC bought a new stake in Pioneer Natural Resources in the 3rd quarter valued at approximately $27,000. Evermay Wealth Management LLC raised its stake in shares of Pioneer Natural Resources by 48.2% during the 3rd quarter. Evermay Wealth Management LLC now owns 123 shares of the oil and gas development company’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Ronald Blue Trust Inc. raised its stake in shares of Pioneer Natural Resources by 84.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 127 shares of the oil and gas development company’s stock worth $29,000 after purchasing an additional 58 shares in the last quarter. Finally, Accurate Wealth Management LLC bought a new stake in shares of Pioneer Natural Resources during the 4th quarter worth approximately $34,000. Institutional investors own 89.75% of the company’s stock.

Pioneer Natural Resources Stock Performance

NYSE PXD traded down $4.44 on Friday, reaching $182.05. The stock had a trading volume of 5,468,776 shares, compared to its average volume of 2,652,649. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.96 and a quick ratio of 0.85. The firm has a fifty day moving average of $218.31 and a two-hundred day moving average of $232.38. Pioneer Natural Resources has a 1-year low of $177.26 and a 1-year high of $288.46. The company has a market cap of $42.78 billion, a P/E ratio of 5.86, a price-to-earnings-growth ratio of 1.01 and a beta of 1.41.

Pioneer Natural Resources (NYSE:PXD – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The oil and gas development company reported $5.91 EPS for the quarter, beating analysts’ consensus estimates of $5.83 by $0.08. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.59 billion. Pioneer Natural Resources had a return on equity of 33.15% and a net margin of 32.29%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $4.58 EPS. On average, equities research analysts anticipate that Pioneer Natural Resources will post 22.67 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Monday, March 6th were issued a dividend of $5.58 per share. This represents a $22.32 annualized dividend and a dividend yield of 12.26%. The ex-dividend date of this dividend was Friday, March 3rd. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 14.17%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PXD shares. Tudor, Pickering, Holt & Co. upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research note on Monday, February 27th. Tudor Pickering upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research note on Monday, February 27th. Citigroup dropped their price objective on Pioneer Natural Resources from $255.00 to $232.00 and set a “neutral” rating on the stock in a research note on Thursday, February 2nd. Morgan Stanley dropped their price objective on Pioneer Natural Resources from $261.00 to $247.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 24th. Finally, Susquehanna dropped their price target on Pioneer Natural Resources from $286.00 to $266.00 and set a “positive” rating on the stock in a research note on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Pioneer Natural Resources currently has an average rating of “Moderate Buy” and a consensus price target of $265.74.

Pioneer Natural Resources Company Profile

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Pioneer Natural Resources Co operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses on the operation of the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997, and is headquartered in Irving, TX.