U.S. Capital Wealth Advisors LLC Sells 6,866 Shares of Pioneer Natural Resources (NYSE:PXD)

U.S. Capital Wealth Advisors LLC trimmed its stake in Pioneer Natural Resources (NYSE:PXD - Free Report) by 30.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,548 shares of the oil and gas development company's stock after selling 6,866 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Pioneer Natural Resources were worth $3,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PXD. Vanguard Group Inc. increased its holdings in Pioneer Natural Resources by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,015,751 shares of the oil and gas development company's stock worth $4,594,616,000 after purchasing an additional 113,751 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Pioneer Natural Resources by 7.6% during the 3rd quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company's stock valued at $748,271,000 after acquiring an additional 231,470 shares in the last quarter. Northern Trust Corp boosted its holdings in Pioneer Natural Resources by 2.2% during the 3rd quarter. Northern Trust Corp now owns 2,497,868 shares of the oil and gas development company's stock worth $573,386,000 after acquiring an additional 54,841 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Pioneer Natural Resources by 7.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,923,819 shares of the oil and gas development company's stock worth $443,574,000 after acquiring an additional 134,982 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Pioneer Natural Resources by 11.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,637,919 shares of the oil and gas development company's stock valued at $368,335,000 after purchasing an additional 165,560 shares during the last quarter. 80.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PXD has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $279.00 price objective on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. StockNews.com started coverage on Pioneer Natural Resources in a research report on Monday, April 29th. They set a "hold" rating for the company. Truist Financial lifted their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a "hold" rating in a report on Friday, April 5th. Mizuho upped their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a "neutral" rating in a research note on Tuesday, March 19th. Finally, Stifel Nicolaus lifted their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a "hold" rating in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $264.10.

Pioneer Natural Resources Stock Performance

Shares of Pioneer Natural Resources stock remained flat at $269.62 during trading hours on Friday. The company has a market capitalization of $62.99 billion, a PE ratio of 13.32 and a beta of 1.28. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83. 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 business has a 50-day moving average of $258.94 and a 200 day moving average of $240.84.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter in the prior year, the company earned $5.91 earnings per share. The company's quarterly revenue was up 2.1% on a year-over-year basis. Research analysts anticipate that Pioneer Natural Resources will post 22.47 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were issued a $2.56 dividend. This represents a $10.24 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources's payout ratio is 24.70%.

Insider Activity

In related news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the sale, the chief accounting officer now owns 4,990 shares in the company, valued at $1,302,140.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Christopher L. Washburn sold 1,416 shares of the company'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 transaction, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction that occurred 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 sale, the director now owns 11,132 shares of the company's stock, valued at $2,906,787.84. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock worth $9,067,373 in the last three months. 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.