BOK Financial Private Wealth Inc. Sells 11,778 Shares of Pioneer Natural Resources (NYSE:PXD)

BOK Financial Private Wealth Inc. reduced its stake in shares of Pioneer Natural Resources (NYSE:PXD - Free Report) by 65.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,322 shares of the oil and gas development company's stock after selling 11,778 shares during the period. BOK Financial Private Wealth Inc.'s holdings in Pioneer Natural Resources were worth $1,422,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Proficio Capital Partners LLC raised its position in Pioneer Natural Resources by 4.0% in the third quarter. Proficio Capital Partners LLC now owns 1,030 shares of the oil and gas development company's stock worth $236,000 after acquiring an additional 40 shares in the last quarter. Caprock Group LLC raised its holdings in Pioneer Natural Resources by 1.5% during the 3rd 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 period. IFP Advisors Inc raised its holdings in Pioneer Natural Resources by 3.1% during the 3rd quarter. IFP Advisors Inc now owns 1,436 shares of the oil and gas development company's stock worth $330,000 after buying an additional 43 shares during the period. Western Pacific Wealth Management LP raised its holdings in 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 worth $61,000 after buying an additional 44 shares during the period. Finally, Hartford Financial Management Inc. grew its stake in Pioneer Natural Resources by 61.1% during the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company's stock valued at $26,000 after acquiring an additional 44 shares in the last quarter. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Pioneer Natural Resources from $243.00 to $224.00 and set a "hold" rating on the stock in a research note on Tuesday, January 23rd. StockNews.com assumed coverage on Pioneer Natural Resources in a research note on Saturday. They set a "hold" rating on the stock. Susquehanna lifted their target price 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 boosted 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. Finally, Scotiabank boosted their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a "sector perform" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Pioneer Natural Resources presently has an average rating of "Hold" and an average target price of $259.00.

Pioneer Natural Resources Trading Down 1.4 %

Shares of PXD stock traded down $3.94 during trading hours on Friday, reaching $270.80. The company had a trading volume of 1,962,883 shares, compared to its average volume of 1,518,898. The company has a 50 day moving average of $246.65 and a 200 day moving average of $236.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. The firm 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 has a 1-year low of $196.74 and a 1-year high of $278.83.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last posted its quarterly 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). The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $5.91 EPS. On average, equities research analysts anticipate that Pioneer Natural Resources will post 20.88 EPS 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 given a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources's dividend payout ratio is currently 24.70%.

Insider Activity at Pioneer Natural Resources

In related news, Director Scott D. Sheffield sold 10,000 shares of the company's 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 completion of the sale, the director now owns 462,112 shares in the company, valued at approximately $108,711,848. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Scott D. Sheffield sold 10,000 shares of the company's 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 completion of the sale, the director now owns 462,112 shares in the company, valued at approximately $108,711,848. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Phillip A. Gobe sold 2,000 shares of the company's stock in a transaction on Thursday, March 28th. The shares were 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 of the company's stock, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock worth $9,067,373 in the last quarter. Corporate insiders own 0.57% of the company's stock.

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 in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.