Avior Wealth Management LLC Sells 172 Shares of Pioneer Natural Resources (NYSE:PXD)

Avior Wealth Management LLC cut its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,109 shares of the oil and gas development company’s stock after selling 172 shares during the period. Avior Wealth Management LLC’s holdings in Pioneer Natural Resources were worth $250,000 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. Dai ichi Life Insurance Company Ltd grew its position in Pioneer Natural Resources by 45.5% in the 3rd 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 purchasing an additional 6,589 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Pioneer Natural Resources by 610.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock worth $141,965,000 after purchasing an additional 531,418 shares in the last quarter. Banco Santander S.A. grew its position in Pioneer Natural Resources by 7.1% in the 3rd quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock worth $11,847,000 after purchasing an additional 3,438 shares in the last quarter. SCP Investment LP grew its position in Pioneer Natural Resources by 80.0% in the 3rd quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock worth $413,000 after purchasing an additional 800 shares in the last quarter. Finally, William Blair Investment Management LLC grew its position in Pioneer Natural Resources by 34.2% in the 3rd quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock worth $101,122,000 after purchasing an additional 112,261 shares in the last quarter. 80.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PXD. Stifel Nicolaus reduced their price objective on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company in a research report on Tuesday, January 23rd. Mizuho upped their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Susquehanna increased their target price on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Scotiabank increased their target price on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Truist Financial increased their target price on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $259.00.

Insiders Place Their Bets

In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the 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 sale, the director now directly owns 11,132 shares in the company, valued at approximately $2,906,787.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $235.25, for a total value of $2,352,500.00. Following the transaction, the director now owns 462,112 shares of the company’s stock, valued at approximately $108,711,848. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the transaction, the director now directly owns 11,132 shares in the company, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 in the last three months. 0.57% of the stock is currently owned by corporate insiders.

Pioneer Natural Resources Stock Performance

Shares of PXD stock opened at $270.30 on Friday. The stock has a market capitalization of $63.15 billion, a P/E ratio of 13.35 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $250.68 and its 200 day moving average is $238.23. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) 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 firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the prior year, the company earned $5.91 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Pioneer Natural Resources will post 21.5 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 annualized dividend and a yield of 3.79%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is presently 24.70%.

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.