Alliancebernstein L.P. reduced its position in Pioneer Natural Resources (NYSE:PXD) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,701 shares of the oil and gas development company’s stock after selling 4,375 shares during the period. Alliancebernstein L.P.’s holdings in Pioneer Natural Resources were worth $48,346,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in Pioneer Natural Resources in the 3rd quarter valued at approximately $176,000. Savant Capital LLC purchased a new position in Pioneer Natural Resources in the 4th quarter valued at approximately $208,000. Cetera Advisors LLC purchased a new position in Pioneer Natural Resources in the 4th quarter valued at approximately $215,000. Trust Co. of Toledo NA OH purchased a new position in Pioneer Natural Resources in the 4th quarter valued at approximately $217,000. Finally, Checchi Capital Advisers LLC purchased a new position in Pioneer Natural Resources in the 4th quarter valued at approximately $218,000. 89.44% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Chris J. Cheatwood sold 2,201 shares of Pioneer Natural Resources stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $167.82, for a total value of $369,371.82. Following the transaction, the executive vice president now owns 42,909 shares in the company, valued at $7,200,988.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard P. Dealy sold 5,523 shares of Pioneer Natural Resources stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $164.23, for a total value of $907,042.29. Following the completion of the transaction, the chief financial officer now owns 76,297 shares in the company, valued at approximately $12,530,256.31. The disclosure for this sale can be found here. Insiders have sold 28,218 shares of company stock worth $4,801,725 in the last 90 days. Insiders own 0.89% of the company’s stock.
Shares of Pioneer Natural Resources (NYSE:PXD) opened at $169.56 on Wednesday. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $192.93. The company has a current ratio of 1.41, a quick ratio of 1.31 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $28,880.00, a price-to-earnings ratio of 142.49, a PEG ratio of 2.56 and a beta of 0.96.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.63. Pioneer Natural Resources had a return on equity of 3.45% and a net margin of 13.69%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue was up 48.4% on a year-over-year basis. research analysts expect that Pioneer Natural Resources will post 6.2 EPS for the current fiscal year.
Pioneer Natural Resources declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.16 per share. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a dividend yield of 0.18%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 6.72%.
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Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.
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