Pioneer Natural Resources (NYSE:PXD) Shares Sold by FourThought Financial Partners LLC

FourThought Financial Partners LLC trimmed its position in shares of Pioneer Natural Resources (NYSE:PXD) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,236 shares of the oil and gas development company’s stock after selling 362 shares during the period. FourThought Financial Partners LLC’s holdings in Pioneer Natural Resources were worth $728,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Sapient Capital LLC purchased a new stake in shares of Pioneer Natural Resources during the fourth quarter worth about $13,908,000. Axxcess Wealth Management LLC raised its position in shares of Pioneer Natural Resources by 7.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,201 shares of the oil and gas development company’s stock valued at $720,000 after purchasing an additional 226 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of Pioneer Natural Resources by 18.7% during the 4th quarter. Merit Financial Group LLC now owns 1,883 shares of the oil and gas development company’s stock valued at $424,000 after buying an additional 297 shares during the last quarter. West Family Investments Inc. boosted its stake in shares of Pioneer Natural Resources by 14.7% during the 4th quarter. West Family Investments Inc. now owns 1,033 shares of the oil and gas development company’s stock valued at $232,000 after buying an additional 132 shares during the last quarter. Finally, LGT Group Foundation grew its position in shares of Pioneer Natural Resources by 5.0% during the fourth quarter. LGT Group Foundation now owns 61,001 shares of the oil and gas development company’s stock worth $13,716,000 after buying an additional 2,926 shares in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Scott D. Sheffield sold 10,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the completion of the sale, the director now owns 462,112 shares of the company’s stock, valued at $108,711,848. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Scott D. Sheffield sold 7,500 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $252.33, for a total value of $1,892,475.00. Following the transaction, the director now directly owns 447,112 shares of the company’s stock, valued at $112,819,770.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now owns 462,112 shares of the company’s stock, valued at $108,711,848. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 over the last 90 days. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on PXD shares. Truist Financial upped their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Susquehanna lifted their price target on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Mizuho upped their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Stifel Nicolaus increased their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Finally, StockNews.com assumed coverage on Pioneer Natural Resources in a report on Monday, April 29th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $264.10.

Pioneer Natural Resources Stock Performance

Shares of NYSE PXD remained flat at $269.62 during midday trading on Friday. The company has a market capitalization of $62.99 billion, a PE ratio of 13.32 and a beta of 1.28. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $278.83. 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’s 50 day moving average is $258.94 and its two-hundred day moving average is $240.66.

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 (EPS) for the quarter, missing the consensus estimate of $5.41 by ($0.13). The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. Pioneer Natural Resources’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $5.91 EPS. Equities research analysts expect that Pioneer Natural Resources will post 22.07 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were given a $2.56 dividend. This represents a $10.24 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 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.