Sargent Investment Group LLC lessened its position in shares of Pioneer Natural Resources (NYSE:PXD – Free Report) by 46.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,068 shares of the oil and gas development company’s stock after selling 3,546 shares during the quarter. Sargent Investment Group LLC’s holdings in Pioneer Natural Resources were worth $915,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of PXD. Hartford Financial Management Inc. raised its stake in shares of Pioneer Natural Resources by 61.1% during the 4th 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. BluePath Capital Management LLC purchased a new stake in Pioneer Natural Resources during the third quarter worth $29,000. Carmel Capital Partners LLC purchased a new stake in Pioneer Natural Resources during the third quarter worth $34,000. Jones Financial Companies Lllp boosted its holdings in Pioneer Natural Resources by 85.0% during the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after buying an additional 68 shares in the last quarter. Finally, OLD Second National Bank of Aurora purchased a new position in Pioneer Natural Resources during the fourth quarter valued at $34,000. Institutional investors own 80.57% of the company’s stock.
Pioneer Natural Resources Stock Down 2.3 %
Pioneer Natural Resources stock traded down $6.28 during trading on Friday, reaching $268.87. The stock had a trading volume of 2,059,204 shares, compared to its average volume of 1,564,386. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83. The business has a 50 day moving average price of $255.15 and a 200 day moving average price of $239.91. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The stock has a market cap of $62.81 billion, a PE ratio of 13.28 and a beta of 1.31.
Pioneer Natural Resources (NYSE:PXD – Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.91 EPS. On average, analysts predict that Pioneer Natural Resources will post 22.47 EPS for the current year.
Pioneer Natural Resources Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were given a dividend of $2.56 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.81%. Pioneer Natural Resources’s dividend payout ratio is presently 24.70%.
Analysts Set New Price Targets
Several equities analysts have issued reports on PXD shares. Stifel Nicolaus increased their price objective on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. 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 report on Tuesday, March 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 11th. StockNews.com assumed coverage on shares of Pioneer Natural Resources in a research note on Sunday, April 21st. They issued a “hold” rating on the stock. Finally, Truist Financial raised their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Pioneer Natural Resources presently has an average rating of “Hold” and a consensus price target of $264.10.
Get Our Latest Stock Report on Pioneer Natural Resources
Insider Transactions at Pioneer Natural Resources
In other news, Director J Kenneth Thompson sold 1,000 shares of Pioneer Natural Resources 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 transaction, the director now directly 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 accessible through this hyperlink. In other news, Director J Kenneth Thompson sold 1,000 shares of Pioneer Natural Resources 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 transaction, the director now directly 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 accessible through this hyperlink. Also, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,766 shares of company stock worth $9,067,373. 0.57% of the stock is currently owned by insiders.
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.
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