Pioneer Natural Resources (NYSE:PXD) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. grew its stake in Pioneer Natural Resources (NYSE:PXD) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,829 shares of the oil and gas development company’s stock after purchasing an additional 549 shares during the period. J.W. Cole Advisors Inc.’s holdings in Pioneer Natural Resources were worth $3,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PXD. Hartford Financial Management Inc. increased its holdings in shares of Pioneer Natural Resources by 61.1% during the 4th 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 during the last quarter. BluePath Capital Management LLC acquired a new stake in Pioneer Natural Resources during the third quarter worth $29,000. Ancora Advisors LLC increased its stake 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 acquiring an additional 65 shares during the last quarter. Carmel Capital Partners LLC purchased a new stake in Pioneer Natural Resources in the third quarter valued at $34,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Pioneer Natural Resources by 85.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Pioneer Natural Resources Stock Up 0.9 %

PXD stock traded up $2.34 during mid-day trading on Friday, reaching $270.31. The company had a trading volume of 2,900,079 shares, compared to its average volume of 1,359,799. The firm has a fifty day simple moving average of $250.68 and a 200 day simple moving average of $238.23. 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 company has a market capitalization of $63.15 billion, a price-to-earnings ratio of 13.35 and a beta of 1.31. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm earned $5.91 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts forecast that Pioneer Natural Resources will post 21.5 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared 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 dividend on an annualized basis 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%.

Analyst Ratings Changes

Several analysts recently issued reports on PXD shares. Stifel Nicolaus reduced their price objective on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a report on Tuesday, January 23rd. Susquehanna boosted their price target on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. StockNews.com started coverage on shares of Pioneer Natural Resources in a report on Saturday, April 13th. They issued a “hold” rating for the company. Finally, Mizuho upped 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. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $259.00.

Insiders Place Their Bets

In other news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the transaction, the chief accounting officer now owns 4,990 shares in the company, valued at approximately $1,302,140.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were 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 owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock valued at $9,067,373 in the last ninety days. Insiders own 0.57% of the company’s stock.

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.