Pioneer Natural Resources (NYSE:PXD) Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its holdings in Pioneer Natural Resources (NYSE:PXD - Free Report) by 161.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,312 shares of the oil and gas development company's stock after acquiring an additional 3,281 shares during the quarter. Kovack Advisors Inc.'s holdings in Pioneer Natural Resources were worth $1,195,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Western Pacific Wealth Management LP increased its stake in Pioneer Natural Resources by 20.0% in 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 acquiring an additional 44 shares during the last quarter. Hartford Financial Management Inc. boosted its holdings in shares of Pioneer Natural Resources by 61.1% in the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company's stock worth $26,000 after purchasing an additional 44 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Pioneer Natural Resources by 19.1% in the 4th quarter. Financial Management Professionals Inc. now owns 281 shares of the oil and gas development company's stock worth $63,000 after purchasing an additional 45 shares in the last quarter. Tlwm boosted its holdings in shares of Pioneer Natural Resources by 1.3% in the 4th quarter. Tlwm now owns 3,576 shares of the oil and gas development company's stock worth $804,000 after purchasing an additional 46 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its holdings in shares of Pioneer Natural Resources by 2.3% in the 4th quarter. Stratos Wealth Advisors LLC now owns 2,075 shares of the oil and gas development company's stock worth $467,000 after purchasing an additional 46 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a "hold" rating in a research report on Tuesday. StockNews.com started coverage on Pioneer Natural Resources in a research report on Sunday, April 21st. They set a "hold" rating for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Mizuho raised their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a "neutral" rating in a research report on Tuesday, March 19th. Finally, Susquehanna raised their price objective on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a "neutral" rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $264.10.

Pioneer Natural Resources Price Performance

PXD traded down $6.28 during trading on Friday, reaching $268.87. The company's stock had a trading volume of 2,059,204 shares, compared to its average volume of 1,564,386. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $255.15 and a two-hundred day simple moving average of $239.92. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $278.83. The company has a market cap of $62.81 billion, a price-to-earnings ratio of 13.28 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing the consensus estimate of $5.41 by ($0.13). The firm had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.91 EPS. As a group, analysts anticipate that Pioneer Natural Resources will post 22.47 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were given a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources's payout ratio is 24.70%.

Insider Buying and Selling at Pioneer Natural Resources

In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $234.35, for a total value of $820,225.00. Following 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 filing with the SEC, which can be accessed through the SEC website. In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $234.35, for a total value of $820,225.00. Following 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 filing with the SEC, which can be accessed through the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares in the company, valued at approximately $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 valued at $9,067,373 over the last quarter. 0.57% of the stock is owned by company insiders.

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.