Everpar Advisors LLC Makes New $266,000 Investment in Pioneer Natural Resources (NYSE:PXD)

Everpar Advisors LLC purchased a new position in Pioneer Natural Resources (NYSE:PXD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,181 shares of the oil and gas development company’s stock, valued at approximately $266,000.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Pioneer Natural Resources by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,015,751 shares of the oil and gas development company’s stock valued at $4,594,616,000 after acquiring an additional 113,751 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Pioneer Natural Resources by 7.6% during the 3rd quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock valued at $748,271,000 after acquiring an additional 231,470 shares in the last quarter. Northern Trust Corp boosted its position in shares of Pioneer Natural Resources by 2.2% during the 3rd quarter. Northern Trust Corp now owns 2,497,868 shares of the oil and gas development company’s stock valued at $573,386,000 after acquiring an additional 54,841 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Pioneer Natural Resources by 7.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,923,819 shares of the oil and gas development company’s stock valued at $443,574,000 after acquiring an additional 134,982 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Pioneer Natural Resources by 11.2% during the 4th quarter. Pacer Advisors Inc. now owns 1,637,919 shares of the oil and gas development company’s stock valued at $368,335,000 after acquiring an additional 165,560 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Scotiabank lifted their target price on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Stifel Nicolaus boosted their price target on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Susquehanna boosted their price target 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. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a research report on Tuesday. They issued a “hold” rating on the stock. Finally, Truist Financial boosted their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company 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 issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $264.10.

Insider Buying and Selling

In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott D. Sheffield sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $252.33, for a total transaction of $1,892,475.00. Following the completion of the transaction, the director now owns 447,112 shares of the company’s stock, valued at approximately $112,819,770.96. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock valued at $9,067,373 over the last ninety days. Insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Price Performance

Shares of PXD remained flat at $269.62 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. The firm has a 50 day moving average of $260.37 and a two-hundred day moving average of $240.89. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83.

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 analysts’ consensus estimates of $5.41 by ($0.13). The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a return on equity of 21.21% and a net margin of 24.28%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $5.91 earnings per share. Research analysts expect that Pioneer Natural Resources will post 22.07 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were paid a dividend of $2.56 per share. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) 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.