Golden State Equity Partners Has $1.20 Million Position in Pioneer Natural Resources (NYSE:PXD)

Golden State Equity Partners increased its position in shares of Pioneer Natural Resources (NYSE:PXD) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,342 shares of the oil and gas development company’s stock after purchasing an additional 296 shares during the period. Golden State Equity Partners’ holdings in Pioneer Natural Resources were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PXD. Avior Wealth Management LLC increased its stake in Pioneer Natural Resources by 13.5% during the 3rd quarter. Avior Wealth Management LLC now owns 1,281 shares of the oil and gas development company’s stock worth $294,000 after acquiring an additional 152 shares during the period. Meridian Wealth Management LLC increased its stake in Pioneer Natural Resources by 97.6% during the 3rd quarter. Meridian Wealth Management LLC now owns 2,422 shares of the oil and gas development company’s stock worth $556,000 after acquiring an additional 1,196 shares during the period. Private Trust Co. NA increased its stake in Pioneer Natural Resources by 12.7% during the 3rd quarter. Private Trust Co. NA now owns 1,115 shares of the oil and gas development company’s stock worth $256,000 after acquiring an additional 126 shares during the period. Strategic Blueprint LLC increased its stake in Pioneer Natural Resources by 4.0% during the 3rd quarter. Strategic Blueprint LLC now owns 3,589 shares of the oil and gas development company’s stock worth $824,000 after acquiring an additional 138 shares during the period. Finally, Caprock Group LLC increased its stake in Pioneer Natural Resources by 1.5% during the 3rd quarter. Caprock Group LLC now owns 2,855 shares of the oil and gas development company’s stock worth $655,000 after acquiring an additional 41 shares during the period. 80.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Pioneer Natural Resources

In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $108,711,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 462,112 shares in the company, valued at approximately $108,711,848. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now owns 11,132 shares in the company, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,766 shares of company stock worth $9,067,373. Insiders own 0.57% of the company’s stock.

Pioneer Natural Resources Trading Down 2.3 %

NYSE PXD opened at $268.87 on Friday. The business’s 50-day moving average price is $255.15 and its two-hundred day moving average price is $239.92. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83. The firm has a market capitalization 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 (NYSE:PXD) last released its quarterly earnings results 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 net margin of 25.28% and a return on equity of 22.42%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the firm posted $5.91 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Pioneer Natural Resources will post 22.47 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. Truist Financial raised their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Royal Bank of Canada reiterated 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. Scotiabank lifted their price target 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. Mizuho lifted their price target 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. Finally, Susquehanna lifted their price target on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $264.10.

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.