Arkadios Wealth Advisors Sells 14,938 Shares of Pioneer Natural Resources (NYSE:PXD)

Arkadios Wealth Advisors trimmed its position in Pioneer Natural Resources (NYSE:PXD - Free Report) by 68.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,834 shares of the oil and gas development company's stock after selling 14,938 shares during the period. Arkadios Wealth Advisors' holdings in Pioneer Natural Resources were worth $1,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PXD. Proficio Capital Partners LLC raised its holdings in shares of Pioneer Natural Resources by 4.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 1,030 shares of the oil and gas development company's stock worth $236,000 after purchasing an additional 40 shares in the last quarter. Caprock Group LLC grew its position in Pioneer Natural Resources by 1.5% in 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 during the last quarter. IFP Advisors Inc increased its holdings in shares of Pioneer Natural Resources by 3.1% in the third quarter. IFP Advisors Inc now owns 1,436 shares of the oil and gas development company's stock valued at $330,000 after buying an additional 43 shares in the last quarter. Western Pacific Wealth Management LP lifted its position in shares of Pioneer Natural Resources by 20.0% during the 3rd quarter. Western Pacific Wealth Management LP now owns 264 shares of the oil and gas development company's stock valued at $61,000 after acquiring an additional 44 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in shares of Pioneer Natural Resources by 19.1% during the 4th quarter. Financial Management Professionals Inc. now owns 281 shares of the oil and gas development company's stock worth $63,000 after acquiring an additional 45 shares in the last quarter. 80.57% of the stock is owned by institutional investors.

Insider Buying and Selling at Pioneer Natural Resources

In other news, Director Phillip A. Gobe sold 2,000 shares of the company's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the sale, the director now owns 11,132 shares in the company, valued at approximately $2,906,787.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Phillip A. Gobe sold 2,000 shares of the business's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the sale, the director now directly owns 11,132 shares in the company, valued at $2,906,787.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the chief accounting officer now directly owns 4,990 shares of the company's stock, valued at $1,302,140.50. The disclosure for this sale can be found here. Insiders have sold a total of 36,766 shares of company stock worth $9,067,373 over the last three months. Corporate insiders own 0.57% of the company's stock.

Pioneer Natural Resources Stock Up 1.1 %

Shares of NYSE PXD traded up $2.94 during trading hours on Friday, hitting $272.78. The stock had a trading volume of 1,869,702 shares, compared to its average volume of 2,053,854. The firm's 50-day moving average price is $241.55 and its two-hundred day moving average price is $235.03. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $274.67. The company has a market capitalization of $63.73 billion, a P/E ratio of 13.48 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 (NYSE:PXD - Get Free Report) last posted its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the firm earned $5.91 earnings per share. Pioneer Natural Resources's revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Pioneer Natural Resources will post 20.29 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were given a dividend of $2.56 per share. This represents a $10.24 annualized dividend and a yield of 3.75%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources's payout ratio is 24.70%.

Analysts Set New Price Targets

Several brokerages have recently commented on PXD. Truist Financial upped their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a "hold" rating in a report on Friday. UBS Group dropped their target price on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a "neutral" rating on the stock in a research report on Thursday, December 14th. Mizuho upped 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. Stifel Nicolaus lowered their price objective on shares of 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. Finally, Susquehanna boosted their target price on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a "neutral" rating in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $256.90.

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.