Tokio Marine Asset Management Co. Ltd. Purchases 333 Shares of Pioneer Natural Resources (NYSE:PXD)

Tokio Marine Asset Management Co. Ltd. boosted its position in Pioneer Natural Resources (NYSE:PXD) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,481 shares of the oil and gas development company’s stock after acquiring an additional 333 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Pioneer Natural Resources were worth $2,582,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Hartford Financial Management Inc. boosted its holdings 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 buying an additional 44 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of Pioneer Natural Resources in the 3rd quarter valued at $29,000. Carmel Capital Partners LLC acquired a new position in shares of Pioneer Natural Resources in the 3rd quarter valued at $34,000. Jones Financial Companies Lllp grew its holdings in shares of 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 period. Finally, OLD Second National Bank of Aurora acquired a new position in shares of Pioneer Natural Resources in the 4th quarter valued at $34,000. Institutional investors own 80.57% of the company’s stock.

Pioneer Natural Resources Stock Performance

Shares of NYSE:PXD traded up $0.48 on Thursday, reaching $276.00. 521,043 shares of the company’s stock were exchanged, compared to its average volume of 1,976,374. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $64.48 billion, a price-to-earnings ratio of 13.54 and a beta of 1.31. The company has a fifty day moving average of $253.53 and a 200-day moving average of $239.42. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83.

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 (EPS) 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 analyst estimates of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.91 EPS. On average, research analysts predict that Pioneer Natural Resources will post 22.11 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. Shareholders of record on Monday, March 4th were given a $2.56 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a yield of 3.71%. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PXD shares. Mizuho boosted their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research 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 research report on Thursday, April 11th. Scotiabank boosted their price target on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Susquehanna boosted their price target on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, StockNews.com started coverage on shares of Pioneer Natural Resources in a research report on Sunday. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $264.10.

Insider Buying and Selling at Pioneer Natural Resources

In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the sale, the executive vice president now owns 49,856 shares in the company, valued at $11,683,753.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jerome D. Hall, Jr. sold 7,000 shares of Pioneer Natural Resources stock in a transaction on Friday, March 15th. The shares were sold at an average price of $250.74, for a total transaction of $1,755,180.00. Following the completion of the transaction, the executive vice president now owns 76,885 shares of the company’s stock, valued at $19,278,144.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, 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. Insiders have sold 36,766 shares of company stock worth $9,067,373 over the last quarter. Corporate 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.