914 Shares in Pioneer Natural Resources (NYSE:PXD) Acquired by Team Hewins LLC

Team Hewins LLC bought a new stake in shares of Pioneer Natural Resources (NYSE:PXDFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 914 shares of the oil and gas development company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hartford Financial Management Inc. lifted its holdings in 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 valued at $26,000 after buying an additional 44 shares during the period. Financial Management Professionals Inc. lifted its stake in shares of Pioneer Natural Resources by 19.1% in 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 period. Tlwm boosted its position in shares of 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. Stratos Wealth Advisors LLC grew its stake in Pioneer Natural Resources by 2.3% during 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 purchasing an additional 46 shares during the period. Finally, Jacobi Capital Management LLC increased its holdings in Pioneer Natural Resources by 2.4% in the third quarter. Jacobi Capital Management LLC now owns 2,066 shares of the oil and gas development company’s stock worth $474,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

Insider Buying and Selling

In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 462,112 shares in the company, valued at $108,711,848. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the business’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 sale, the director now directly owns 462,112 shares in the company, valued at $108,711,848. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the transaction, the chief accounting officer now 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. Over the last 90 days, insiders sold 36,766 shares of company stock worth $9,067,373. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PXD shares. Truist Financial increased their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Mizuho raised their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Stifel Nicolaus increased their price objective on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Finally, Scotiabank boosted their target price on 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. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $264.10.

Get Our Latest Research Report on Pioneer Natural Resources

Pioneer Natural Resources Stock Up 0.7 %

PXD stock opened at $269.62 on Monday. The stock 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 current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $267.71 and its two-hundred day simple moving average is $243.53. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year high of $278.83.

Pioneer Natural Resources (NYSE:PXDGet Free Report) last released its 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). 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 revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.91 earnings per share. Analysts expect that Pioneer Natural Resources will post 22.07 EPS for the current year.

Pioneer Natural Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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