National Pension Service Has $100.09 Million Holdings in Pioneer Natural Resources (NYSE:PXD)

National Pension Service lifted its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 2.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 445,097 shares of the oil and gas development company’s stock after buying an additional 10,789 shares during the quarter. National Pension Service’s holdings in Pioneer Natural Resources were worth $100,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hartford Financial Management Inc. lifted its holdings in shares of Pioneer Natural Resources by 61.1% in the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after acquiring an additional 44 shares during the last quarter. Carmel Capital Partners LLC purchased a new stake in Pioneer Natural Resources in the 3rd quarter valued at about $34,000. Jones Financial Companies Lllp raised its position in Pioneer Natural Resources by 85.0% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after acquiring an additional 68 shares during the period. OLD Second National Bank of Aurora purchased a new position in Pioneer Natural Resources in the 4th quarter valued at approximately $34,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the 4th quarter valued at $37,000. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on PXD shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. StockNews.com began coverage on Pioneer Natural Resources in a research report on Tuesday. They issued a “hold” rating for the company. Susquehanna increased their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Truist Financial increased their target price on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Finally, Stifel Nicolaus lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $264.10.

Pioneer Natural Resources Stock Performance

Shares of PXD remained flat at $269.62 during mid-day trading on Thursday. The stock has a market cap of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 0.90. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83. The company has a 50-day moving average of $260.37 and a two-hundred day moving average of $240.89.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing the consensus estimate of $5.41 by ($0.13). The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $5.91 EPS. Equities research analysts forecast that Pioneer Natural Resources will post 22.07 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a dividend of $2.56 per share. This represents a $10.24 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Insider Buying and Selling at Pioneer Natural Resources

In other news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the sale, the executive vice president now owns 49,856 shares in the company, valued at $11,683,753.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now directly owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. 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. 0.55% of the stock is currently owned by company insiders.

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.