Pioneer Natural Resources (NYSE:PXD) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its holdings in Pioneer Natural Resources (NYSE:PXD) by 7.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,201 shares of the oil and gas development company’s stock after purchasing an additional 226 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Pioneer Natural Resources were worth $720,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PXD. Hartford Financial Management Inc. raised its position 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 purchasing an additional 44 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of Pioneer Natural Resources during the third quarter valued at approximately $29,000. Carmel Capital Partners LLC purchased a new position in shares of Pioneer Natural Resources in the third quarter valued at approximately $34,000. Jones Financial Companies Lllp boosted its stake in shares of Pioneer Natural Resources by 85.0% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after acquiring an additional 68 shares during the last quarter. Finally, OLD Second National Bank of Aurora purchased a new stake in shares of Pioneer Natural Resources during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Pioneer Natural Resources Price Performance

Shares of NYSE PXD opened at $269.62 on Tuesday. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83. The business’s 50 day moving average is $259.65 and its two-hundred day moving average is $240.76. The firm has a market cap of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 0.20.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter last year, the business earned $5.91 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Research analysts predict that Pioneer Natural Resources will post 22.07 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s payout ratio is currently 24.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PXD shares. Mizuho increased their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Scotiabank increased their price objective on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. StockNews.com started coverage on Pioneer Natural Resources in a report on Tuesday. They set a “hold” rating on the stock. Susquehanna lifted their price objective on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, Stifel Nicolaus upped their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $264.10.

Insider Activity at Pioneer Natural Resources

In other news, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the transaction, the director now owns 11,132 shares in the company, valued at approximately $2,906,787.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources 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 sale, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,766 shares of company stock worth $9,067,373. Company insiders own 0.55% 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.