Pioneer Natural Resources (NYSE:PXD) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC lessened its position in shares of Pioneer Natural Resources (NYSE:PXD) by 46.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,068 shares of the oil and gas development company’s stock after selling 3,546 shares during the period. Sargent Investment Group LLC’s holdings in Pioneer Natural Resources were worth $915,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PXD. Hartford Financial Management Inc. increased 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 acquiring an additional 44 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of Pioneer Natural Resources during the 3rd quarter worth approximately $29,000. Carmel Capital Partners LLC acquired a new position in shares of Pioneer Natural Resources during the 3rd quarter worth approximately $34,000. Jones Financial Companies Lllp grew its holdings in Pioneer Natural Resources by 85.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after buying an additional 68 shares during the last quarter. Finally, OLD Second National Bank of Aurora purchased a new position in Pioneer Natural Resources during the fourth quarter worth $34,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Pioneer Natural Resources Trading Down 2.3 %

NYSE:PXD traded down $6.28 on Friday, hitting $268.87. 2,059,204 shares of the stock were exchanged, compared to its average volume of 1,564,386. The stock has a fifty day moving average of $255.15 and a 200-day moving average of $239.92. The stock has a market cap of $62.81 billion, a PE ratio of 13.28 and a beta of 1.31. 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 has a fifty-two week low of $196.74 and a fifty-two week high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period last year, the company posted $5.91 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts expect that Pioneer Natural Resources will post 22.47 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is presently 24.70%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PXD shares. Royal Bank of Canada restated a “sector perform” rating and issued a $279.00 price objective on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Stifel Nicolaus upped their target price 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. StockNews.com assumed coverage on shares of Pioneer Natural Resources in a research note on Sunday, April 21st. They set a “hold” rating on the stock. Susquehanna boosted their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Finally, Truist Financial raised their target price 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 equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pioneer Natural Resources presently has an average rating of “Hold” and a consensus price target of $264.10.

Insider Activity at Pioneer Natural Resources

In related news, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction 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 directly owns 11,132 shares in the company, valued at approximately $2,906,787.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director J Kenneth Thompson sold 1,000 shares of the business’s 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 transaction, the director now directly owns 16,070 shares of the company’s stock, valued at $4,017,500. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the transaction, the director now owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,766 shares of company stock worth $9,067,373. 0.57% of the stock is currently owned by corporate 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.