Sigma Planning Corp Sells 94 Shares of Pioneer Natural Resources (PXD)

Sigma Planning Corp lessened its position in Pioneer Natural Resources (NYSE:PXD) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,016 shares of the oil and gas development company’s stock after selling 94 shares during the period. Sigma Planning Corp’s holdings in Pioneer Natural Resources were worth $265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. We Are One Seven LLC bought a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at about $58,000. Meeder Asset Management Inc. bought a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at about $76,000. Quadrant Capital Group LLC grew its position in shares of Pioneer Natural Resources by 23.2% in the 4th quarter. Quadrant Capital Group LLC now owns 722 shares of the oil and gas development company’s stock valued at $86,000 after buying an additional 136 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of Pioneer Natural Resources by 57.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,026 shares of the oil and gas development company’s stock valued at $135,000 after buying an additional 373 shares during the last quarter. Finally, Banco de Sabadell S.A grew its position in shares of Pioneer Natural Resources by 100.0% in the 3rd quarter. Banco de Sabadell S.A now owns 1,000 shares of the oil and gas development company’s stock valued at $173,000 after buying an additional 500 shares during the last quarter. 88.55% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Timothy L. Dove sold 4,800 shares of Pioneer Natural Resources stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $134.18, for a total transaction of $644,064.00. Following the completion of the sale, the chief executive officer now owns 276,901 shares of the company’s stock, valued at $37,154,576.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew F. Cates acquired 790 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The shares were acquired at an average cost of $124.27 per share, with a total value of $98,173.30. Following the purchase, the director now directly owns 13,370 shares of the company’s stock, valued at approximately $1,661,489.90. The disclosure for this purchase can be found here. 0.92% of the stock is owned by company insiders.

Pioneer Natural Resources stock opened at $135.71 on Monday. Pioneer Natural Resources has a one year low of $119.08 and a one year high of $213.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.20 and a quick ratio of 1.07. The firm has a market capitalization of $23.13 billion, a PE ratio of 62.83, a P/E/G ratio of 1.65 and a beta of 1.08.

Pioneer Natural Resources announced that its board has authorized a share buyback plan on Thursday, December 13th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the oil and gas development company to reacquire up to 8.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

PXD has been the topic of several research analyst reports. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $183.00 target price on the stock in a research report on Tuesday, October 23rd. Morgan Stanley cut their target price on Pioneer Natural Resources from $234.00 to $218.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Barclays cut their target price on Pioneer Natural Resources from $219.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, November 15th. Mizuho set a $206.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, November 28th. Finally, SunTrust Banks restated a “buy” rating and set a $215.00 target price on shares of Pioneer Natural Resources in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $225.48.

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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 primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle.

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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