Stock Yards Bank & Trust Co. Has $483,000 Stake in Pioneer Natural Resources (NYSE:PXD)

Stock Yards Bank & Trust Co. trimmed its position in shares of Pioneer Natural Resources (NYSE:PXD) by 24.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,146 shares of the oil and gas development company’s stock after selling 695 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Pioneer Natural Resources were worth $483,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hartford Financial Management Inc. raised its position in shares of 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 purchased a new stake in Pioneer Natural Resources in the 3rd quarter valued at $29,000. Carmel Capital Partners LLC purchased a new stake in Pioneer Natural Resources in the 3rd quarter valued at $34,000. Jones Financial Companies Lllp raised its position 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 during the last quarter. Finally, OLD Second National Bank of Aurora purchased a new stake in Pioneer Natural Resources in the 4th quarter valued at $34,000. 80.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Pioneer Natural Resources

In other news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction on Thursday, March 28th. The stock was 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 approximately $1,302,140.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Pioneer Natural Resources news, Director J Kenneth Thompson sold 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 16,070 shares in the company, valued at approximately $4,017,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of the firm’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 transaction, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,766 shares of company stock worth $9,067,373. 0.55% of the stock is owned by company insiders.

Pioneer Natural Resources Stock Up 0.6 %

PXD stock opened at $275.12 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. The company has a market capitalization of $64.27 billion, a price-to-earnings ratio of 13.59 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. The stock has a fifty day moving average of $252.53 and a 200-day moving average of $239.17.

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 firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.91 EPS. As a group, equities research analysts predict that Pioneer Natural Resources will post 21.66 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were paid a dividend of $2.56 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.72%. Pioneer Natural Resources’s payout ratio is 24.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PXD shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $279.00 price target on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Scotiabank increased their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Mizuho increased their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Truist Financial increased their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Finally, Susquehanna increased their price target on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $264.10.

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.