Leavell Investment Management Inc. Cuts Holdings in Pioneer Natural Resources (PXD)

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Leavell Investment Management Inc. cut its stake in Pioneer Natural Resources (NYSE:PXD) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,354 shares of the oil and gas development company’s stock after selling 100 shares during the period. Leavell Investment Management Inc.’s holdings in Pioneer Natural Resources were worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC purchased a new stake in shares of Pioneer Natural Resources in the fourth quarter valued at approximately $31,000. Executive Wealth Management LLC purchased a new stake in shares of Pioneer Natural Resources in the fourth quarter valued at approximately $38,000. Canton Hathaway LLC purchased a new stake in shares of Pioneer Natural Resources in the first quarter valued at approximately $38,000. JOYN Advisors Inc. grew its position in shares of Pioneer Natural Resources by 73.8% in the fourth quarter. JOYN Advisors Inc. now owns 358 shares of the oil and gas development company’s stock valued at $47,000 after purchasing an additional 152 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Pioneer Natural Resources by 72.0% in the fourth quarter. Captrust Financial Advisors now owns 363 shares of the oil and gas development company’s stock valued at $48,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

A number of research firms recently commented on PXD. Barclays reiterated a “buy” rating and issued a $217.00 price objective on shares of Pioneer Natural Resources in a report on Wednesday, April 10th. Wells Fargo & Co upped their price objective on Pioneer Natural Resources from $191.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Mizuho cut Pioneer Natural Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $206.00 to $158.00 in a report on Tuesday, March 19th. MKM Partners set a $189.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, February 15th. Finally, Credit Suisse Group decreased their price objective on Pioneer Natural Resources from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, February 14th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $210.91.

Shares of NYSE PXD opened at $171.24 on Wednesday. The firm has a market capitalization of $28.26 billion, a PE ratio of 27.14, a P/E/G ratio of 2.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.29 and a current ratio of 1.42. Pioneer Natural Resources has a 12-month low of $119.08 and a 12-month high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Wednesday, February 13th. The oil and gas development company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.30). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.31 billion. Pioneer Natural Resources had a net margin of 10.40% and a return on equity of 9.25%. The firm’s revenue was up 75.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 earnings per share. As a group, analysts anticipate that Pioneer Natural Resources will post 7.69 earnings per share for the current year.

The firm also recently announced a semiannual dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.32 dividend. This represents a yield of 0.45%. The ex-dividend date was Thursday, March 28th. This is a positive change from Pioneer Natural Resources’s previous semiannual dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio is 10.14%.

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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 primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle.

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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