Pioneer Natural Resources (NYSE:PXD) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. reduced its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 86.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,471 shares of the oil and gas development company’s stock after selling 21,745 shares during the period. Flputnam Investment Management Co.’s holdings in Pioneer Natural Resources were worth $781,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC boosted its stake in shares of Pioneer Natural Resources by 4.0% during the third quarter. Proficio Capital Partners LLC now owns 1,030 shares of the oil and gas development company’s stock valued at $236,000 after acquiring an additional 40 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Pioneer Natural Resources by 1.5% during the third quarter. Caprock Group LLC now owns 2,855 shares of the oil and gas development company’s stock worth $655,000 after buying an additional 41 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Pioneer Natural Resources by 3.1% during the third quarter. IFP Advisors Inc now owns 1,436 shares of the oil and gas development company’s stock worth $330,000 after buying an additional 43 shares in the last quarter. Western Pacific Wealth Management LP grew its holdings in shares of Pioneer Natural Resources by 20.0% during the third quarter. Western Pacific Wealth Management LP now owns 264 shares of the oil and gas development company’s stock worth $61,000 after buying an additional 44 shares in the last quarter. Finally, Hartford Financial Management Inc. grew its holdings 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 buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PXD. Royal Bank of Canada restated a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Scotiabank lifted their price target on shares of 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. StockNews.com assumed coverage on shares of Pioneer Natural Resources in a research report on Saturday, April 13th. They set a “hold” rating on the stock. Susquehanna lifted their price target on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Finally, Mizuho lifted their price target 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 equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $259.00.

Pioneer Natural Resources Stock Up 0.2 %

Pioneer Natural Resources stock opened at $267.79 on Thursday. The company has a 50-day simple moving average of $249.09 and a 200-day simple moving average of $237.70. The firm has a market capitalization of $62.56 billion, a P/E ratio of 13.23 and a beta of 1.31. 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 one year low of $196.74 and a one year high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 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 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.91 EPS. As a group, equities analysts expect that Pioneer Natural Resources will post 21.15 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors 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 3.82%. Pioneer Natural Resources’s dividend payout ratio is presently 24.70%.

Insider Activity at Pioneer Natural Resources

In other news, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources 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 transaction, the executive vice president now owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Christopher L. Washburn sold 1,416 shares of the company’s 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 sale, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of the sale, the executive vice president now directly 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 sold 36,766 shares of company stock worth $9,067,373 in the last 90 days. 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.