Benjamin F. Edwards & Company Inc. Sells 3,197 Shares of Pioneer Natural Resources (NYSE:PXD)

Benjamin F. Edwards & Company Inc. lowered its position in shares of Pioneer Natural Resources (NYSE:PXD) by 22.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,023 shares of the oil and gas development company’s stock after selling 3,197 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Pioneer Natural Resources were worth $2,478,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Hartford Financial Management Inc. raised its holdings in shares of Pioneer Natural Resources by 61.1% during the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after purchasing an additional 44 shares during the period. BluePath Capital Management LLC purchased a new position in shares of Pioneer Natural Resources during the third quarter valued at approximately $29,000. Carmel Capital Partners LLC bought a new stake in Pioneer Natural Resources during the third quarter worth $34,000. Jones Financial Companies Lllp raised its position in 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 buying 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 in the fourth quarter valued at about $34,000. Institutional investors own 80.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PXD. Stifel Nicolaus lifted their price target on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. StockNews.com assumed coverage on Pioneer Natural Resources in a research report on Monday, April 29th. They issued a “hold” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $279.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Scotiabank upped 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. Finally, Truist Financial boosted their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research report on Friday, April 5th. 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $264.10.

Insider Activity at Pioneer Natural Resources

In related news, Director Phillip A. Gobe sold 2,000 shares of the 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 transaction, the director now owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the sale, the executive vice president now owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the sale, the director now directly owns 11,132 shares in the company, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,766 shares of company stock valued at $9,067,373. Insiders own 0.57% of the company’s stock.

Pioneer Natural Resources Stock Performance

Pioneer Natural Resources stock opened at $269.62 on Friday. The firm’s fifty day moving average price is $258.94 and its 200-day moving average price is $240.84. 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 stock has a market cap of $62.99 billion, a P/E ratio of 13.32 and a beta of 1.28. 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 posted its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $5.91 EPS. On average, equities research analysts expect that Pioneer Natural Resources will post 22.07 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued 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 of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Pioneer Natural Resources 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.