Delos Wealth Advisors LLC Raises Stake in Pioneer Natural Resources (NYSE:PXD)

Delos Wealth Advisors LLC increased its stake in Pioneer Natural Resources (NYSE:PXD) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 771 shares of the oil and gas development company’s stock after purchasing an additional 109 shares during the quarter. Delos Wealth Advisors LLC’s holdings in Pioneer Natural Resources were worth $173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PXD. Western Pacific Wealth Management LP lifted its position in shares of Pioneer Natural Resources by 20.0% in the third quarter. Western Pacific Wealth Management LP now owns 264 shares of the oil and gas development company’s stock valued at $61,000 after acquiring an additional 44 shares in the last quarter. Hartford Financial Management Inc. increased its position in shares of Pioneer Natural Resources by 61.1% in the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after acquiring an additional 44 shares in the last quarter. Financial Management Professionals Inc. raised its stake 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 valued at $63,000 after acquiring an additional 45 shares during the period. Tlwm increased its holdings in 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 valued at $804,000 after purchasing an additional 46 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its position in shares of Pioneer Natural Resources by 2.3% in the fourth quarter. Stratos Wealth Advisors LLC now owns 2,075 shares of the oil and gas development company’s stock worth $467,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PXD shares. Susquehanna lifted their target price on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Scotiabank upped their target price on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. StockNews.com started coverage on shares of Pioneer Natural Resources in a research note on Tuesday. They issued a “hold” rating for the company. Finally, Mizuho increased their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $264.10.

Pioneer Natural Resources Price Performance

Shares of Pioneer Natural Resources stock remained flat at $269.62 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83. The stock has a market capitalization of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. The company has a 50-day simple moving average of $261.07 and a 200 day simple moving average of $241.09.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the firm earned $5.91 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts expect that Pioneer Natural Resources will post 22.07 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a dividend of $2.56 per share. This represents a $10.24 annualized dividend and a dividend yield of 3.80%. 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, 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 transaction 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 $1,302,140.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was 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 owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the transaction, the director now directly owns 11,132 shares in the company, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,766 shares of company stock valued at $9,067,373. Corporate insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Company 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.