Insider Selling: Pioneer Natural Resources (NYSE:PXD) EVP Sells $1,105,248.00 in Stock

Pioneer Natural Resources (NYSE:PXD) EVP Mark H. Kleinman sold 4,350 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $254.08, for a total transaction of $1,105,248.00. Following the transaction, the executive vice president now directly owns 45,506 shares in the company, valued at approximately $11,562,164.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Pioneer Natural Resources Trading Up 1.0 %

PXD stock opened at $262.50 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $263.08. The stock has a market capitalization of $61.33 billion, a price-to-earnings ratio of 12.97 and a beta of 1.30. The firm’s fifty day simple moving average is $236.00 and its two-hundred day simple moving average is $233.73.

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 analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the firm earned $5.91 EPS. The company’s revenue was up 2.1% on a year-over-year basis. As a group, analysts anticipate that Pioneer Natural Resources will post 20.35 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. Investors of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is presently 24.70%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PXD. StockNews.com began coverage on shares of Pioneer Natural Resources in a report on Thursday. They issued a “hold” rating on the stock. Mizuho boosted their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. UBS Group lowered their target price on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, December 14th. Stifel Nicolaus reduced their price target on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 23rd. Finally, Susquehanna boosted their price target on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $254.90.

Institutional Investors Weigh In On Pioneer Natural Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hartford Financial Management Inc. boosted its holdings in shares of Pioneer Natural Resources by 61.1% in 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. Sachetta LLC bought a new stake in Pioneer Natural Resources during the 4th quarter valued at $27,000. BluePath Capital Management LLC purchased a new stake in shares of Pioneer Natural Resources in the 3rd quarter worth $29,000. Carmel Capital Partners LLC bought a new position in shares of Pioneer Natural Resources during the 3rd quarter worth $34,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Pioneer Natural Resources by 85.0% during the third 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 period. Institutional investors own 80.57% of the company’s stock.

Pioneer Natural Resources Company 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.