Golden State Equity Partners Has $1.20 Million Stake in Pioneer Natural Resources (NYSE:PXD)

Golden State Equity Partners grew its position in shares of Pioneer Natural Resources (NYSE:PXD) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,342 shares of the oil and gas development company’s stock after buying an additional 296 shares during the quarter. Golden State Equity Partners’ holdings in Pioneer Natural Resources were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in PXD. Dai ichi Life Insurance Company Ltd lifted its holdings 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 during the last quarter. Assenagon Asset Management S.A. lifted its holdings 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 during the last quarter. Banco Santander S.A. lifted its holdings 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 during the last quarter. SCP Investment LP lifted its holdings 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 during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings 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 during the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Natural Resources Price Performance

Shares of PXD stock opened at $268.87 on Friday. The stock’s fifty day simple moving average is $255.15 and its 200 day simple moving average is $239.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. The firm has a market cap of $62.81 billion, a price-to-earnings ratio of 13.28 and a beta of 1.31. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS 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 analyst estimates 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 quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.91 EPS. On average, analysts expect that Pioneer Natural Resources will post 22.47 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 annualized dividend and a yield of 3.81%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is 24.70%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PXD. Stifel Nicolaus boosted their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Scotiabank boosted their target price on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Mizuho lifted their price target on 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 lifted their price target 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, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $279.00 price target on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $264.10.

Insider Activity at Pioneer Natural Resources

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,302,140.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,302,140.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of the transaction, the executive vice president now directly owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Insiders have sold a total of 36,766 shares of company stock valued at $9,067,373 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

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.