300 Shares in Pioneer Natural Resources (NYSE:PXD) Acquired by Webster Bank N. A.

Webster Bank N. A. bought a new position in shares of Pioneer Natural Resources (NYSE:PXD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 300 shares of the oil and gas development company’s stock, valued at approximately $67,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PXD. Fairfield Bush & CO. purchased a new position in Pioneer Natural Resources in the first quarter valued at $42,000. Cetera Advisor Networks LLC boosted its stake in shares of Pioneer Natural Resources by 59.5% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,074 shares of the oil and gas development company’s stock valued at $519,000 after buying an additional 774 shares during the period. Cetera Investment Advisers grew its position in shares of Pioneer Natural Resources by 52.1% during the first quarter. Cetera Investment Advisers now owns 3,249 shares of the oil and gas development company’s stock worth $812,000 after buying an additional 1,113 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Pioneer Natural Resources by 22.6% during the first quarter. Baird Financial Group Inc. now owns 108,614 shares of the oil and gas development company’s stock worth $27,157,000 after buying an additional 20,023 shares during the period. Finally, Mather Group LLC. raised its holdings in Pioneer Natural Resources by 35.9% in the first quarter. Mather Group LLC. now owns 3,430 shares of the oil and gas development company’s stock valued at $858,000 after acquiring an additional 907 shares in the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Insider Activity at Pioneer Natural Resources

In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the business’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 sale, the executive vice president now directly owns 49,856 shares in the company, valued at $11,683,753.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were 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 directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark H. Kleinman sold 3,500 shares of the company’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 completion of the sale, the executive vice president now directly owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock valued at $9,067,373 in the last ninety days. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Susquehanna increased their price objective 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. StockNews.com started coverage on Pioneer Natural Resources in a research report on Thursday, March 28th. They set a “hold” rating for the company. Stifel Nicolaus cut their target price on 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. Mizuho upped their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Finally, UBS Group dropped their price target on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Pioneer Natural Resources has a consensus rating of “Hold” and a consensus price target of $254.90.

Pioneer Natural Resources Price Performance

Shares of NYSE PXD opened at $269.44 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. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $269.89. The firm has a market capitalization of $62.95 billion, a P/E ratio of 13.31 and a beta of 1.31. The company’s fifty day moving average is $238.78 and its two-hundred day moving average is $234.30.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the firm posted $5.91 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts forecast that Pioneer Natural Resources will post 20.29 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

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.