TD Asset Management Inc Sells 16,368 Shares of Pioneer Natural Resources (NYSE:PXD)

TD Asset Management Inc decreased its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 293,606 shares of the oil and gas development company’s stock after selling 16,368 shares during the period. TD Asset Management Inc owned approximately 0.13% of Pioneer Natural Resources worth $60,829,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PXD. Fairfield Bush & CO. bought a new position in Pioneer Natural Resources during the 1st quarter worth about $42,000. Cetera Advisor Networks LLC lifted its stake in Pioneer Natural Resources by 59.5% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,074 shares of the oil and gas development company’s stock valued at $519,000 after purchasing an additional 774 shares during the last quarter. Cetera Investment Advisers raised its holdings in Pioneer Natural Resources by 52.1% in the 1st quarter. Cetera Investment Advisers now owns 3,249 shares of the oil and gas development company’s stock valued at $812,000 after acquiring an additional 1,113 shares during the period. Baird Financial Group Inc. raised its holdings in Pioneer Natural Resources by 22.6% in the 1st quarter. Baird Financial Group Inc. now owns 108,614 shares of the oil and gas development company’s stock valued at $27,157,000 after acquiring an additional 20,023 shares during the period. Finally, Mather Group LLC. raised its holdings in Pioneer Natural Resources by 35.9% in the 1st quarter. Mather Group LLC. now owns 3,430 shares of the oil and gas development company’s stock valued at $858,000 after acquiring an additional 907 shares during the period. Institutional investors own 82.72% of the company’s stock.

Pioneer Natural Resources Stock Up 0.4 %

PXD opened at $236.91 on Wednesday. The stock has a market cap of $55.27 billion, a price-to-earnings ratio of 11.31 and a beta of 1.38. The company has a quick ratio of 0.70, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $236.79 and its two-hundred day moving average price is $223.24. Pioneer Natural Resources has a twelve month low of $177.26 and a twelve month high of $262.42.

Pioneer Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Thursday, November 30th will be paid a dividend of $3.20 per share. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $1.84. This represents a $12.80 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Wednesday, November 29th. Pioneer Natural Resources’s dividend payout ratio is presently 23.88%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PXD. Susquehanna reaffirmed a “neutral” rating and set a $250.00 target price (down from $276.00) on shares of Pioneer Natural Resources in a report on Monday, November 6th. Morgan Stanley lifted their price target on shares of Pioneer Natural Resources from $230.00 to $236.00 and gave the stock an “underweight” rating in a report on Monday, October 2nd. Truist Financial upgraded shares of Pioneer Natural Resources to a “buy” rating in a report on Thursday, October 12th. UBS Group boosted their target price on shares of Pioneer Natural Resources from $224.00 to $269.00 and gave the company a “neutral” rating in a report on Thursday, August 17th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Pioneer Natural Resources in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $258.55.

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. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.