Bryn Mawr Capital Management LLC Invests $529,000 in Pioneer Natural Resources (NYSE:PXD)

Bryn Mawr Capital Management LLC bought a new stake in shares of Pioneer Natural Resources (NYSE:PXD) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 2,354 shares of the oil and gas development company’s stock, valued at approximately $529,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PXD. Hartford Financial Management Inc. lifted its stake in 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 worth $26,000 after purchasing an additional 44 shares during the period. BluePath Capital Management LLC acquired a new position in shares of Pioneer Natural Resources in the 3rd quarter worth approximately $29,000. Carmel Capital Partners LLC bought a new position in shares of Pioneer Natural Resources during the 3rd quarter worth approximately $34,000. Jones Financial Companies Lllp boosted its stake 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 in the last quarter. Finally, OLD Second National Bank of Aurora bought a new stake in Pioneer Natural Resources in the fourth quarter valued at $34,000. Institutional investors own 80.57% of the company’s stock.

Pioneer Natural Resources Stock Performance

Shares of NYSE:PXD opened at $268.87 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year high of $278.83. The stock has a market capitalization of $62.81 billion, a P/E ratio of 13.28 and a beta of 1.31. The business has a 50-day moving average price of $255.15 and a two-hundred day moving average price of $239.92.

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 analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period last year, the firm earned $5.91 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts predict that Pioneer Natural Resources will post 22.47 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on PXD shares. Mizuho lifted their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $279.00 price target 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 stock a “sector perform” rating in a research note on Thursday, April 11th. StockNews.com started coverage on shares of Pioneer Natural Resources in a report on Sunday, April 21st. They set a “hold” rating for the company. Finally, Susquehanna boosted their target price on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $264.10.

Insider Transactions at Pioneer Natural Resources

In related news, CAO Christopher L. Washburn sold 1,416 shares of the company’s stock in a transaction dated 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 owns 4,990 shares in the company, valued at $1,302,140.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction, the chief accounting officer now owns 4,990 shares in the company, valued at $1,302,140.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director J Kenneth Thompson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the sale, the director now directly owns 16,070 shares of the company’s stock, valued at approximately $4,017,500. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 in the last three months. 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.