Tamar Securities LLC Boosts Stake in Pioneer Natural Resources (NYSE:PXD)

Tamar Securities LLC boosted its position in Pioneer Natural Resources (NYSE:PXD - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,084 shares of the oil and gas development company's stock after acquiring an additional 4,725 shares during the quarter. Pioneer Natural Resources accounts for approximately 1.9% of Tamar Securities LLC's portfolio, making the stock its 27th largest holding. Tamar Securities LLC's holdings in Pioneer Natural Resources were worth $9,914,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PXD. T. Rowe Price Investment Management Inc. boosted its position in Pioneer Natural Resources by 46.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,242,203 shares of the oil and gas development company's stock valued at $968,877,000 after buying an additional 1,343,601 shares during the period. Moneta Group Investment Advisors LLC boosted its position in Pioneer Natural Resources by 75,598.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 996,195 shares of the oil and gas development company's stock valued at $227,521,000 after buying an additional 994,879 shares during the period. Bank of New York Mellon Corp boosted its position in Pioneer Natural Resources by 25.7% during the third quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company's stock valued at $743,734,000 after buying an additional 662,891 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Pioneer Natural Resources during the third quarter valued at about $134,558,000. Finally, Assenagon Asset Management S.A. boosted its position in Pioneer Natural Resources by 610.6% during the third quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company's stock valued at $141,965,000 after buying an additional 531,418 shares during the period. Institutional investors own 80.57% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on PXD. Susquehanna upped their price target 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. 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 dropped their target price on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a "hold" rating for the company in a report on Tuesday, January 23rd. StockNews.com started coverage on shares of Pioneer Natural Resources in a report on Friday. They set a "hold" rating for the company. Finally, UBS Group dropped their target price on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a "neutral" rating for the company in a report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Pioneer Natural Resources presently has a consensus rating of "Hold" and an average price target of $256.90.

Pioneer Natural Resources Stock Up 1.1 %

PXD traded up $2.94 on Friday, hitting $272.78. The company had a trading volume of 1,869,702 shares, compared to its average volume of 1,564,581. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $274.67. The stock has a fifty day simple moving average of $242.39 and a 200-day simple moving average of $235.29. The firm 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 current ratio of 0.88 and a quick ratio of 0.72.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last announced its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share 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 for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the business posted $5.91 EPS. Pioneer Natural Resources's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts expect 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 paid a dividend of $2.56 per share. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources's dividend payout ratio is 24.70%.

Insider Buying and Selling at Pioneer Natural Resources

In related news, EVP Mark H. Kleinman sold 3,500 shares of the firm'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 transaction of $820,225.00. Following the completion of the sale, the executive vice president now owns 49,856 shares of the company's stock, valued at $11,683,753.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Mark H. Kleinman sold 3,500 shares of the firm'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 transaction of $820,225.00. Following the completion of the sale, the executive vice president now owns 49,856 shares of the company's stock, valued at $11,683,753.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott D. Sheffield sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the sale, the director now directly owns 462,112 shares of the company's stock, valued at approximately $108,711,848. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,766 shares of company stock valued at $9,067,373. Corporate insiders own 0.57% of the company's stock.

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.