U.S. Capital Wealth Advisors LLC Lowers Holdings in Pioneer Natural Resources (NYSE:PXD)

U.S. Capital Wealth Advisors LLC reduced its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 30.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,548 shares of the oil and gas development company’s stock after selling 6,866 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Pioneer Natural Resources were worth $3,497,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Dai ichi Life Insurance Company Ltd raised its stake in shares of Pioneer Natural Resources by 45.5% during 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 buying an additional 6,589 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Pioneer Natural Resources by 610.6% during 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 buying an additional 531,418 shares during the last quarter. Banco Santander S.A. raised its stake in shares of Pioneer Natural Resources by 7.1% during 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 buying an additional 3,438 shares during the last quarter. SCP Investment LP raised its stake in shares of Pioneer Natural Resources by 80.0% during the 3rd quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock worth $413,000 after buying an additional 800 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Pioneer Natural Resources by 34.2% during 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 buying an additional 112,261 shares during the last quarter. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Pioneer Natural Resources

In related news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the sale, the director now directly owns 462,112 shares of the company’s stock, valued at approximately $108,711,848. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now directly owns 462,112 shares of the company’s stock, valued at $108,711,848. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher L. Washburn sold 1,416 shares of the 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 completion of the sale, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,766 shares of company stock valued at $9,067,373. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PXD. Royal Bank of Canada reissued a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Stifel Nicolaus boosted their target price on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. StockNews.com started coverage on Pioneer Natural Resources in a report on Monday, April 29th. They issued a “hold” rating for the company. Truist Financial lifted their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Finally, Scotiabank lifted their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $264.10.

Pioneer Natural Resources Price Performance

NYSE PXD remained flat at $269.62 on Friday. The stock has a market capitalization of $62.99 billion, a P/E ratio of 13.32 and a beta of 1.28. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $278.83. The business’s fifty day moving average price is $258.20 and its 200 day moving average price is $240.69. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21.

Pioneer Natural Resources (NYSE:PXD) last announced its 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). The business 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%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $5.91 earnings per share. On average, equities analysts anticipate that Pioneer Natural Resources will post 22.47 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were given a dividend of $2.56 per share. 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 dividend payout ratio is currently 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.