Xponance Inc. Increases Stock Holdings in Pioneer Natural Resources (NYSE:PXD)

Xponance Inc. boosted its stake in Pioneer Natural Resources (NYSE:PXD) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,487 shares of the oil and gas development company’s stock after acquiring an additional 849 shares during the quarter. Xponance Inc.’s holdings in Pioneer Natural Resources were worth $6,631,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Hartford Financial Management Inc. grew its holdings in 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 valued at $26,000 after purchasing an additional 44 shares in the last quarter. BluePath Capital Management LLC purchased a new position in Pioneer Natural Resources in the 3rd quarter valued at about $29,000. Ancora Advisors LLC grew its stake in shares of Pioneer Natural Resources by 77.4% during the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after acquiring an additional 65 shares in the last quarter. Carmel Capital Partners LLC acquired a new position in shares of Pioneer Natural Resources in the third quarter worth about $34,000. Finally, Jones Financial Companies Lllp boosted its holdings in Pioneer Natural Resources by 85.0% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

Pioneer Natural Resources Price Performance

NYSE PXD opened at $270.30 on Friday. The company’s 50 day simple moving average is $250.68 and its 200 day simple moving average is $238.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83. The firm has a market capitalization of $63.15 billion, a PE ratio of 13.35 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results 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). Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the firm posted $5.91 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Pioneer Natural Resources will post 21.5 EPS 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 3.79%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Analysts Set New Price Targets

PXD has been the topic of several analyst reports. Susquehanna lifted their price objective on Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Mizuho upped their target price 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. Scotiabank increased 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 research report on Thursday, April 11th. Stifel Nicolaus reduced their price objective on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a research note on Tuesday, January 23rd. Finally, Truist Financial lifted their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Pioneer Natural Resources has an average rating of “Hold” and an average price target of $259.00.

Insider Activity at Pioneer Natural Resources

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were 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 in the company, valued at approximately $1,302,140.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Phillip A. Gobe sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the sale, the director now owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 4,990 shares in the company, valued at approximately $1,302,140.50. 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 0.57% of the company’s stock.

Pioneer Natural Resources 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.