5,365 Shares in Pioneer Natural Resources (NYSE:PXD) Bought by Hyman Charles D

Hyman Charles D acquired a new position in Pioneer Natural Resources (NYSE:PXD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,365 shares of the oil and gas development company’s stock, valued at approximately $1,206,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Western Pacific Wealth Management LP raised its stake in Pioneer Natural Resources by 20.0% during the third quarter. Western Pacific Wealth Management LP now owns 264 shares of the oil and gas development company’s stock valued at $61,000 after buying an additional 44 shares during the last quarter. Hartford Financial Management Inc. grew its position 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 during the last quarter. Financial Management Professionals Inc. grew its position in Pioneer Natural Resources by 19.1% during the 4th quarter. Financial Management Professionals Inc. now owns 281 shares of the oil and gas development company’s stock valued at $63,000 after purchasing an additional 45 shares during the last quarter. Tlwm increased its stake in Pioneer Natural Resources by 1.3% during the 4th quarter. Tlwm now owns 3,576 shares of the oil and gas development company’s stock valued at $804,000 after purchasing an additional 46 shares in the last quarter. Finally, Stratos Wealth Advisors LLC raised its holdings in Pioneer Natural Resources by 2.3% in the fourth quarter. Stratos Wealth Advisors LLC now owns 2,075 shares of the oil and gas development company’s stock worth $467,000 after buying an additional 46 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com began coverage on shares of Pioneer Natural Resources in a research report on Tuesday. They set a “hold” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $279.00 price target on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. 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 note on Friday, April 5th. Susquehanna raised 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, Stifel Nicolaus upped their target price on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company 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 Tuesday. The company’s 50-day moving average is $260.37 and its 200-day moving average is $240.89. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83. The company has a market cap of $63.00 billion, a P/E ratio of 13.32 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 0.20.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 21.21% and a net margin of 24.28%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the previous year, the business earned $5.91 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts anticipate that Pioneer Natural Resources will post 22.07 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. Shareholders of record on Monday, March 4th were given a dividend of $2.56 per share. The ex-dividend date was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a yield of 3.80%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

Insider Activity

In other news, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the transaction, the director now owns 462,112 shares of the company’s stock, valued at approximately $108,711,848. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the transaction, the director now directly owns 462,112 shares in the company, valued at approximately $108,711,848. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock valued at $9,067,373 in the last ninety days. Insiders own 0.55% 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.