High Note Wealth LLC Sells 121 Shares of Pioneer Natural Resources (NYSE:PXD)

High Note Wealth LLC lowered its stake in Pioneer Natural Resources (NYSE:PXD) by 1.8% in the 4th quarter, HoldingsChannel reports. The fund owned 6,777 shares of the oil and gas development company’s stock after selling 121 shares during the period. High Note Wealth LLC’s holdings in Pioneer Natural Resources were worth $1,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PXD. BluePath Capital Management LLC bought a new stake in shares of Pioneer Natural Resources during the third quarter valued at approximately $29,000. Ancora Advisors LLC raised its stake in Pioneer Natural Resources by 77.4% in the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after buying an additional 65 shares in the last quarter. DecisionPoint Financial LLC bought a new position in Pioneer Natural Resources in the second quarter worth approximately $34,000. Carmel Capital Partners LLC bought a new position in Pioneer Natural Resources in the third quarter worth approximately $34,000. Finally, Jones Financial Companies Lllp raised its stake in Pioneer Natural Resources by 85.0% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

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 shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the sale, the director now owns 16,070 shares in the company, valued at $4,017,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director J Kenneth Thompson sold 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the transaction, the director now directly owns 16,070 shares in the company, valued at $4,017,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of the 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 completion of the transaction, the executive vice president now owns 49,856 shares of the company’s stock, valued at $11,683,753.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,350 shares of company stock worth $8,175,628. 0.57% of the stock is owned by company insiders.

Pioneer Natural Resources Stock Performance

Shares of Pioneer Natural Resources stock opened at $260.00 on Thursday. The firm has a market cap of $60.74 billion, a PE ratio of 12.85 and a beta of 1.30. The firm’s 50-day simple moving average is $235.14 and its 200-day simple moving average is $233.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. Pioneer Natural Resources has a 1 year low of $193.40 and a 1 year high of $260.42.

Pioneer Natural Resources (NYSE:PXD) last released 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 business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. Pioneer Natural Resources’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $5.91 EPS. Equities analysts forecast that Pioneer Natural Resources will post 20.35 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were paid a $2.56 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.94%. Pioneer Natural Resources’s payout ratio is currently 24.70%.

Wall Street Analyst Weigh In

PXD has been the subject of a number of recent research reports. Susquehanna boosted their price objective on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. UBS Group decreased their price objective on Pioneer Natural Resources from $269.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, December 14th. Stifel Nicolaus dropped their target price 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. StockNews.com initiated coverage on Pioneer Natural Resources in a research note on Thursday. They issued a “hold” rating for the company. Finally, Mizuho increased their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $254.90.

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.