Crestwood Advisors Group LLC Sells 1,520 Shares of Pioneer Natural Resources (NYSE:PXD)

Crestwood Advisors Group LLC decreased its holdings in Pioneer Natural Resources (NYSE:PXD) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,824 shares of the oil and gas development company’s stock after selling 1,520 shares during the period. Crestwood Advisors Group LLC’s holdings in Pioneer Natural Resources were worth $1,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PXD. Hartford Financial Management Inc. boosted its stake 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 valued at $26,000 after buying an additional 44 shares during the last quarter. BluePath Capital Management LLC bought a new position in Pioneer Natural Resources during the third quarter valued at approximately $29,000. Ancora Advisors LLC boosted its stake in Pioneer Natural Resources by 77.4% during the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after buying an additional 65 shares during the last quarter. Carmel Capital Partners LLC bought a new position in Pioneer Natural Resources during the third quarter valued at approximately $34,000. Finally, Jones Financial Companies Lllp boosted its stake in Pioneer Natural Resources by 85.0% during the third 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. Institutional investors own 80.57% of the company’s stock.

Pioneer Natural Resources Trading Down 1.4 %

Shares of NYSE PXD opened at $270.80 on Friday. 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 business’s 50 day moving average price is $246.65 and its 200-day moving average price is $236.95. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The company has a market cap of $63.26 billion, a price-to-earnings ratio of 13.38 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data 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). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same period last year, the company earned $5.91 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts expect that Pioneer Natural Resources will post 20.88 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were paid a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a yield of 3.78%. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 24.70%.

Analyst Ratings Changes

A number of brokerages recently commented on PXD. Susquehanna increased their price target on Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. 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 note on Friday, April 5th. Royal Bank of Canada restated a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a research report on Thursday. Scotiabank upped their price objective on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Stifel Nicolaus decreased their price objective 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. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $259.00.

Insider Buying and Selling

In related news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the transaction, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Pioneer Natural Resources 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 sale, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now directly owns 462,112 shares in the company, valued at approximately $108,711,848. The disclosure for this sale can be found here. Insiders have sold a total of 36,766 shares of company stock valued at $9,067,373 over the last quarter. 0.57% of the stock is owned by corporate insiders.

Pioneer Natural Resources 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.