Mark H. Kleinman Sells 4,350 Shares of Pioneer Natural Resources (NYSE:PXD) Stock

Pioneer Natural Resources (NYSE:PXD) EVP Mark H. Kleinman sold 4,350 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $254.08, for a total value of $1,105,248.00. Following the transaction, the executive vice president now directly owns 45,506 shares in the company, valued at approximately $11,562,164.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pioneer Natural Resources Price Performance

Shares of NYSE PXD opened at $260.00 on Thursday. The stock has a market cap of $60.74 billion, a PE ratio of 12.85 and a beta of 1.30. Pioneer Natural Resources has a fifty-two week low of $193.40 and a fifty-two week high of $260.42. 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 stock has a fifty day moving average of $235.14 and a 200-day moving average of $233.55.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly 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). The company had revenue of $5.22 billion during 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%. Pioneer Natural Resources’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $5.91 earnings per share. Equities research analysts anticipate that Pioneer Natural Resources will post 20.35 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

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

Hedge Funds Weigh In On Pioneer Natural Resources

Several hedge funds have recently made changes to their positions in the stock. Hartford Financial Management Inc. grew its position 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 in the last quarter. Sachetta LLC purchased a new position in Pioneer Natural Resources during the fourth quarter worth about $27,000. BluePath Capital Management LLC purchased a new position in Pioneer Natural Resources during the third quarter worth about $29,000. Ancora Advisors LLC grew its position in Pioneer Natural Resources by 77.4% during the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after buying an additional 65 shares in the last quarter. Finally, DecisionPoint Financial LLC purchased a new position in Pioneer Natural Resources during the second quarter worth about $34,000. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on PXD shares. StockNews.com started coverage on Pioneer Natural Resources in a report on Thursday. They set a “hold” rating on the stock. 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. 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 report on Thursday, December 14th. Susquehanna lifted their price target on Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Finally, Stifel Nicolaus dropped their price target 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 investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average 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.