Quent Capital LLC decreased its holdings in shares of Pioneer Natural Resources (NYSE:PXD – Get Rating) by 45.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 280 shares of the oil and gas development company’s stock after selling 231 shares during the quarter. Quent Capital LLC’s holdings in Pioneer Natural Resources were worth $64,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in PXD. Cowa LLC purchased a new stake in Pioneer Natural Resources during the third quarter worth approximately $27,000. Kistler Tiffany Companies LLC purchased a new stake in Pioneer Natural Resources during the third quarter worth approximately $27,000. Evermay Wealth Management LLC lifted its stake in Pioneer Natural Resources by 48.2% in the third quarter. Evermay Wealth Management LLC now owns 123 shares of the oil and gas development company’s stock valued at $27,000 after buying an additional 40 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Pioneer Natural Resources in the fourth quarter valued at approximately $27,000. Finally, Ronald Blue Trust Inc. lifted its stake in Pioneer Natural Resources by 84.1% in the third quarter. Ronald Blue Trust Inc. now owns 127 shares of the oil and gas development company’s stock valued at $29,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 89.75% of the company’s stock.
Pioneer Natural Resources Stock Performance
Shares of PXD opened at $202.28 on Thursday. The company has a 50-day simple moving average of $211.63 and a 200-day simple moving average of $229.54. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $47.54 billion, a PE ratio of 6.51, a P/E/G ratio of 1.00 and a beta of 1.41. Pioneer Natural Resources has a 52-week low of $177.26 and a 52-week high of $288.46.
Pioneer Natural Resources Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Monday, March 6th were issued a $5.58 dividend. The ex-dividend date was Friday, March 3rd. This represents a $22.32 dividend on an annualized basis and a dividend yield of 11.03%. Pioneer Natural Resources’s dividend payout ratio is presently 14.17%.
Analyst Upgrades and Downgrades
PXD has been the subject of a number of research reports. KeyCorp reduced their price objective on Pioneer Natural Resources from $290.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, December 8th. StockNews.com initiated coverage on Pioneer Natural Resources in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Morgan Stanley reduced their price objective on Pioneer Natural Resources from $247.00 to $224.00 and set an “underweight” rating for the company in a research note on Monday. Barclays reduced their price objective on Pioneer Natural Resources from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Thursday, March 16th. Finally, Tudor, Pickering, Holt & Co. upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research note on Monday, February 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Pioneer Natural Resources has an average rating of “Moderate Buy” and an average target price of $260.26.
About Pioneer Natural Resources
Pioneer Natural Resources Co operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses on the operation of the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997, and is headquartered in Irving, TX.
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