Kirr Marbach & Co. LLC IN Sells 380 Shares of Pioneer Natural Resources (NYSE:PXD)

Kirr Marbach & Co. LLC IN lessened its holdings in Pioneer Natural Resources (NYSE:PXD) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,680 shares of the oil and gas development company’s stock after selling 380 shares during the quarter. Pioneer Natural Resources accounts for approximately 1.8% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 23rd biggest position. Kirr Marbach & Co. LLC IN’s holdings in Pioneer Natural Resources were worth $6,674,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Fairfield Bush & CO. bought a new position in shares of Pioneer Natural Resources in the 1st quarter worth about $42,000. Cetera Advisor Networks LLC grew its holdings in shares of Pioneer Natural Resources by 59.5% in the first quarter. Cetera Advisor Networks LLC now owns 2,074 shares of the oil and gas development company’s stock valued at $519,000 after acquiring an additional 774 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Pioneer Natural Resources by 52.1% in the first quarter. Cetera Investment Advisers now owns 3,249 shares of the oil and gas development company’s stock valued at $812,000 after acquiring an additional 1,113 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Pioneer Natural Resources by 22.6% during the first quarter. Baird Financial Group Inc. now owns 108,614 shares of the oil and gas development company’s stock valued at $27,157,000 after purchasing an additional 20,023 shares during the period. Finally, Mather Group LLC. grew its holdings in Pioneer Natural Resources by 35.9% during the first quarter. Mather Group LLC. now owns 3,430 shares of the oil and gas development company’s stock valued at $858,000 after purchasing an additional 907 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Analysts Set New Price Targets

PXD has been the topic of several recent research reports. Susquehanna increased their target price on Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. StockNews.com began coverage on Pioneer Natural Resources in a research note on Saturday. They issued a “hold” rating on the stock. Mizuho raised their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Stifel Nicolaus reduced their price objective on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a research note on Tuesday, January 23rd. Finally, 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. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $259.00.

Insiders Place Their Bets

In other news, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the sale, the chief accounting officer now owns 4,990 shares in the company, valued at approximately $1,302,140.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the transaction, the executive vice president now directly owns 49,856 shares of the company’s stock, valued at $11,683,753.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the transaction, 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. Insiders sold 36,766 shares of company stock worth $9,067,373 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Price Performance

Shares of NYSE PXD traded down $1.37 during trading on Tuesday, hitting $267.63. The company had a trading volume of 797,799 shares, compared to its average volume of 1,995,181. The stock has a fifty day simple moving average of $247.51 and a two-hundred day simple moving average of $237.22. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $62.52 billion, a price-to-earnings ratio of 13.29 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 posted its quarterly earnings results 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 business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $5.91 earnings per share. On average, research analysts expect that Pioneer Natural Resources will post 20.88 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) 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.