Pioneer Natural Resources (NYSE:PXD) Shares Sold by GDS Wealth Management

GDS Wealth Management decreased its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,469 shares of the oil and gas development company’s stock after selling 3,097 shares during the period. GDS Wealth Management’s holdings in Pioneer Natural Resources were worth $7,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of PXD. Delos Wealth Advisors LLC boosted its position in shares of Pioneer Natural Resources by 16.5% during the 4th quarter. Delos Wealth Advisors LLC now owns 771 shares of the oil and gas development company’s stock worth $173,000 after purchasing an additional 109 shares in the last quarter. Catalyst Financial Partners LLC acquired a new stake in Pioneer Natural Resources in the 4th quarter valued at about $220,000. National Pension Service increased its holdings in Pioneer Natural Resources by 2.5% during the 4th quarter. National Pension Service now owns 445,097 shares of the oil and gas development company’s stock valued at $100,093,000 after acquiring an additional 10,789 shares in the last quarter. Meridian Wealth Advisors LLC lifted its holdings in shares of Pioneer Natural Resources by 0.5% in the fourth quarter. Meridian Wealth Advisors LLC now owns 14,354 shares of the oil and gas development company’s stock valued at $3,228,000 after purchasing an additional 73 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of Pioneer Natural Resources by 9.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 42,739 shares of the oil and gas development company’s stock valued at $9,611,000 after purchasing an additional 3,614 shares during the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the transaction, the director now owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Phillip A. Gobe sold 2,000 shares of the company’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 transaction of $522,240.00. Following the sale, the director now directly owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction on Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the transaction, the executive vice president now directly owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. In the last three months, insiders sold 36,766 shares of company stock worth $9,067,373. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PXD shares. Stifel Nicolaus upped their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Scotiabank increased their price objective on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Truist Financial boosted their target price on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Finally, Mizuho lifted their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $264.10.

Pioneer Natural Resources Stock Performance

Shares of PXD stock remained flat at $269.62 on Thursday. The stock’s 50-day moving average price is $261.07 and its 200-day moving average price is $241.09. The stock has a market cap of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.90 and a quick ratio of 0.76.

Pioneer Natural Resources (NYSE:PXD) last announced its 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 24.28% and a return on equity of 21.21%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the business earned $5.91 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast that Pioneer Natural Resources will post 22.07 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were given a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s payout ratio is 24.70%.

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.