Allred Capital Management LLC Takes Position in Pioneer Natural Resources (NYSE:PXD)

Allred Capital Management LLC bought a new stake in Pioneer Natural Resources (NYSE:PXD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 246 shares of the oil and gas development company’s stock, valued at approximately $37,000.

Several other large investors have also made changes to their positions in PXD. National Pension Service grew its holdings in Pioneer Natural Resources by 5.7% in the second quarter. National Pension Service now owns 195,146 shares of the oil and gas development company’s stock valued at $30,025,000 after purchasing an additional 10,526 shares during the period. Ellington Management Group LLC purchased a new stake in Pioneer Natural Resources in the second quarter valued at approximately $215,000. Prospera Financial Services Inc purchased a new stake in Pioneer Natural Resources in the second quarter valued at approximately $257,000. Vanguard Group Inc. grew its holdings in Pioneer Natural Resources by 0.8% in the second quarter. Vanguard Group Inc. now owns 13,359,563 shares of the oil and gas development company’s stock valued at $2,055,502,000 after purchasing an additional 110,334 shares during the period. Finally, Silvercrest Asset Management Group LLC grew its holdings in Pioneer Natural Resources by 133.7% in the second quarter. Silvercrest Asset Management Group LLC now owns 53,366 shares of the oil and gas development company’s stock valued at $8,211,000 after purchasing an additional 30,526 shares during the period. Institutional investors own 87.17% of the company’s stock.

In other news, EVP Mark H. Kleinman sold 1,750 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $147.49, for a total transaction of $258,107.50. Following the transaction, the executive vice president now directly owns 21,283 shares of the company’s stock, valued at $3,139,029.67. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher M. Paulsen sold 1,623 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $144.31, for a total transaction of $234,215.13. Following the transaction, the vice president now directly owns 9,848 shares in the company, valued at $1,421,164.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,323 shares of company stock worth $1,173,258. Corporate insiders own 0.91% of the company’s stock.

Shares of PXD stock opened at $146.99 on Friday. The stock has a market cap of $24.31 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 0.94 and a beta of 1.27. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a fifty-two week low of $114.79 and a fifty-two week high of $178.22. The firm’s 50 day moving average price is $143.86 and its two-hundred day moving average price is $134.55.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.03). Pioneer Natural Resources had a net margin of 7.88% and a return on equity of 9.86%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm earned $2.07 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities analysts forecast that Pioneer Natural Resources will post 8.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.44 per share. The ex-dividend date was Monday, December 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.20%. Pioneer Natural Resources’s payout ratio is currently 27.89%.

PXD has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of Pioneer Natural Resources from $142.00 to $157.00 and gave the company an “outperform” rating in a report on Monday, September 30th. KeyCorp boosted their target price on shares of Pioneer Natural Resources from $168.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley lowered their target price on shares of Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating for the company in a report on Friday, October 4th. Raymond James lowered their target price on shares of Pioneer Natural Resources from $220.00 to $180.00 and set a “strong-buy” rating for the company in a report on Thursday, October 17th. Finally, Howard Weil initiated coverage on shares of Pioneer Natural Resources in a research report on Wednesday, November 13th. They set a “sector perform” rating on the stock. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $177.82.

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 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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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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