Fidelis Capital Partners LLC Has $1.22 Million Stock Position in Pioneer Natural Resources (NYSE:PXD)

Fidelis Capital Partners LLC grew its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 27.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,420 shares of the oil and gas development company’s stock after buying an additional 1,167 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Pioneer Natural Resources were worth $1,219,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Proficio Capital Partners LLC grew its holdings in shares of Pioneer Natural Resources by 4.0% during the third quarter. Proficio Capital Partners LLC now owns 1,030 shares of the oil and gas development company’s stock valued at $236,000 after buying an additional 40 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Pioneer Natural Resources by 1.5% during the third quarter. Caprock Group LLC now owns 2,855 shares of the oil and gas development company’s stock valued at $655,000 after buying an additional 41 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Pioneer Natural Resources by 3.1% during the third quarter. IFP Advisors Inc now owns 1,436 shares of the oil and gas development company’s stock valued at $330,000 after buying an additional 43 shares during the last quarter. Western Pacific Wealth Management LP grew its holdings in shares of Pioneer Natural Resources by 20.0% during 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 buying an additional 44 shares during the last quarter. Finally, Hartford Financial Management Inc. grew its holdings in shares of Pioneer Natural Resources by 61.1% during the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after buying an additional 44 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PXD. StockNews.com began coverage on shares of Pioneer Natural Resources in a report on Saturday, April 13th. They set a “hold” rating on the stock. Stifel Nicolaus cut their price target on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a report on Tuesday, January 23rd. Susquehanna boosted their price target on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Scotiabank boosted their price target on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $259.00.

Pioneer Natural Resources Price Performance

Shares of NYSE:PXD traded up $0.33 during trading on Thursday, reaching $268.12. The company had a trading volume of 1,413,173 shares, compared to its average volume of 1,990,057. The company has a fifty day moving average of $249.09 and a two-hundred day moving average of $237.70. The stock has a market capitalization of $62.64 billion, a P/E ratio of 13.23 and a beta of 1.31. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. Pioneer Natural Resources’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $5.91 EPS. Equities research analysts forecast that Pioneer Natural Resources will post 21.15 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were paid a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.82%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 24.70%.

Insider Activity

In other news, Director J Kenneth Thompson sold 1,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the sale, the director now owns 16,070 shares of the company’s stock, valued at approximately $4,017,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the completion of the sale, the director now owns 462,112 shares of the company’s stock, valued at approximately $108,711,848. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director J Kenneth Thompson sold 1,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the sale, the director now directly owns 16,070 shares of the company’s stock, valued at approximately $4,017,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,766 shares of company stock valued at $9,067,373. 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.