Flputnam Investment Management Co. Sells 21,745 Shares of Pioneer Natural Resources (NYSE:PXD)

Flputnam Investment Management Co. trimmed its holdings in Pioneer Natural Resources (NYSE:PXD) by 86.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,471 shares of the oil and gas development company’s stock after selling 21,745 shares during the quarter. Flputnam Investment Management Co.’s holdings in Pioneer Natural Resources were worth $781,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Hartford Financial Management Inc. grew its stake 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 valued at $26,000 after purchasing an additional 44 shares during the period. BluePath Capital Management LLC bought a new stake in shares of Pioneer Natural Resources during the 3rd quarter valued at about $29,000. Carmel Capital Partners LLC bought a new stake in shares of Pioneer Natural Resources during the 3rd quarter valued at about $34,000. Jones Financial Companies Lllp grew its stake in shares of Pioneer Natural Resources by 85.0% during 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 purchasing an additional 68 shares during the period. Finally, Ancora Advisors LLC grew its stake in shares of Pioneer Natural Resources by 77.4% during the 1st quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after purchasing an additional 65 shares during the period. 80.57% of the stock is currently owned by institutional investors.

Pioneer Natural Resources Trading Up 0.2 %

Shares of NYSE PXD opened at $267.79 on Thursday. 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 stock has a market capitalization of $62.56 billion, a P/E ratio of 13.23 and a beta of 1.31. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year high of $278.83. The business has a fifty day moving average price of $249.09 and a 200 day moving average price of $237.70.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly 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). The business had revenue of $5.22 billion during 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 company’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 earnings per share. Equities research analysts expect that Pioneer Natural Resources will post 21.15 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business 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 yield of 3.82%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is 24.70%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Truist Financial boosted their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. StockNews.com initiated coverage on Pioneer Natural Resources in a research note on Saturday, April 13th. They set a “hold” rating for the company. Susquehanna boosted their price objective on Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Finally, Stifel Nicolaus cut their price objective on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $259.00.

Insider Buying and Selling at Pioneer Natural Resources

In other Pioneer Natural Resources news, Director J Kenneth Thompson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the sale, the director now directly owns 16,070 shares of the company’s stock, valued at $4,017,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction that occurred 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 sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Kenneth Thompson sold 1,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the sale, the director now directly owns 16,070 shares in the company, valued at $4,017,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,766 shares of company stock valued at $9,067,373. Company insiders own 0.57% 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.