Fieldpoint Private Securities LLC sells 48 shares of Pioneer Natural Resources (NYSE:PXD)


Fieldpoint Private Securities LLC cut its stake in shares of Pioneer Natural Resources (NYSE: PXD – Get Rating) by 19.7% in the first quarter, according to its latest filing with the Securities & Exchange Commission. The company held 196 shares of the oil and gas development company after selling 48 shares during the period. Fieldpoint Private Securities LLC’s holdings in Pioneer Natural Resources were worth $49,000 at the end of the most recent reporting period.

Several other institutional investors have also recently increased or reduced their stake in PXD. AdvisorNet Financial Inc. increased its holdings in Pioneer Natural Resources by 4.8% in the fourth quarter. AdvisorNet Financial Inc now owns 1,081 shares of the oil and gas development company worth $197,000 after buying 50 additional shares during the period. Telemus Capital LLC increased its stake in Pioneer Natural Resources by 3.1% in the 4th quarter. Telemus Capital LLC now owns 1,839 shares of the oil and gas development company worth $334,000 after purchasing 56 additional shares during the period. Column Capital Advisors LLC increased its holdings in Pioneer Natural Resources by 25.1% in the fourth quarter. Column Capital Advisors LLC now owns 279 shares of the oil and gas development company worth $51,000 after buying 56 additional shares during the period. Montecito Bank & Trust increased its stake in Pioneer Natural Resources by 1.9% in the 4th quarter. Montecito Bank & Trust now owns 3,095 shares of the oil and gas development company worth $563,000 after buying 58 more shares during the period. Finally, Chilton Capital Management LLC increased its stake in Pioneer Natural Resources by 0.7% in the 4th quarter. Chilton Capital Management LLC now owns 9,520 shares of the oil and gas development company worth $1,731,000 after purchasing 64 additional shares during the period. 87.65% of the shares are held by hedge funds and other institutional investors.

In other Pioneer Natural Resources news, director Frank A. Risch sold 1,000 shares in a trade that took place Thursday, March 31. The stock was sold at an average price of $254.81, for a total value of $254,810.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, CAO Margaret Montemayor sold 500 shares in a trade that took place on Tuesday, March 29. The stock was sold at an average price of $250.34, for a total value of $125,170.00. The disclosure of this sale can be found here. Insiders sold a total of 18,488 shares of the company valued at $4,915,737 in the past 90 days. 0.55% of the shares are currently held by insiders of the company.

PXD has been the subject of several analyst reports. Morgan Stanley raised its price target on shares of Pioneer Natural Resources from $272.00 to $285.00 and gave the company an “equal weight” rating in a Monday, June 6 report. Truist Financial raised its target price on Pioneer Natural Resources from $245.00 to $281.00 in a Thursday, April 21 research report. Raymond James raised his target price on Pioneer Natural Resources from $285.00 to $400.00 and gave the stock a “Strong Buy” rating in a Monday, April 25 research note. Susquehanna raised its target price on Pioneer Natural Resources from $258.00 to $278.00 and gave the stock a “positive” rating in a Monday, April 25 research note. Finally, Susquehanna Bancshares raised its target price on Pioneer Natural Resources from $258.00 to $278.00 and gave the stock a “positive” rating in a Monday, April 25 research note. Five analysts gave the stock a hold rating, ten gave the company a buy rating and two gave the company a strong buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “moderate buy” and an average target price of $286.71.

Shares of PXD opened at $228.81 on Thursday. The stock has a market capitalization of $55.36 billion, a PE ratio of 13.93, a P/E/G ratio of 0.77 and a beta of 1.51. Pioneer Natural Resources has a 1-year low of $133.73 and a 1-year high of $288.46. The company has a 50-day moving average of $257.54 and a 200-day moving average of $232.17. The company has a debt ratio of 0.23, a current ratio of 1.54 and a quick ratio of 1.42.

Pioneer Natural Resources (NYSE:PXD – Get Rating) last released its results on Wednesday, May 4. The oil and gas development company reported earnings per share of $7.74 for the quarter, beating the consensus estimate of $7.32 by $0.42. The company posted revenue of $6.17 billion in the quarter, versus $5.99 billion expected by analysts. Pioneer Natural Resources had a return on equity of 21.01% and a net margin of 22.85%. Pioneer Natural Resources quarterly revenue increased 152.5% over the same quarter last year. During the same period a year earlier, the company posted EPS of $1.77. Analysts expect Pioneer Natural Resources to post EPS of 33.9 for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 14. Investors of record on Tuesday, May 31 received a dividend of $7.38 per share. The ex-dividend date was Friday, May 27. This is a boost from Pioneer Natural Resources’ previous quarterly dividend of $0.78. This represents an annualized dividend of $29.52 and a yield of 12.90%. Pioneer Natural Resources’ dividend payout ratio is currently 19.78%.

About Pioneer Natural Resources (Get an evaluation)

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 petroleum, natural gas liquids (NGLs) and gas. It operates in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs and 462 billion cubic feet of gas; and held stakes in 11 gas processing plants.

Further reading

Want to see which other hedge funds hold PXDs? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Pioneer Natural Resources (NYSE:PXD – Get Rating).

Institutional ownership by quarter for Pioneer Natural Resources (NYSE:PXD)



Get news and reviews for Pioneer Natural Resources Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Pioneer Natural Resources and related companies with MarketBeat.com’s FREE daily newsletter.

Margie D. Carlisle