Pioneer Natural Resources (NYSE:PXD) Stock Holdings Lessened by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 374,604 shares of the oil and gas development company’s stock after selling 14,690 shares during the period. Russell Investments Group Ltd. owned about 0.16% of Pioneer Natural Resources worth $77,607,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Fiduciary Alliance LLC acquired a new position in shares of Pioneer Natural Resources in the second quarter worth $30,000. Ancora Advisors LLC grew its stake in Pioneer Natural Resources by 77.4% in the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after purchasing an additional 65 shares in the last quarter. Solstein Capital LLC acquired a new position in Pioneer Natural Resources in the 2nd quarter worth about $31,000. HHM Wealth Advisors LLC purchased a new stake in shares of Pioneer Natural Resources during the 1st quarter worth about $35,000. Finally, Dividend Assets Capital LLC acquired a new stake in shares of Pioneer Natural Resources during the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 82.72% of the company’s stock.

Pioneer Natural Resources Stock Down 1.2 %

NYSE PXD opened at $232.35 on Friday. Pioneer Natural Resources has a twelve month low of $177.26 and a twelve month high of $258.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.70 and a current ratio of 0.85. The stock has a market cap of $54.21 billion, a PE ratio of 11.10 and a beta of 1.38. The firm has a 50-day simple moving average of $236.53 and a 200 day simple moving average of $223.39.

Pioneer Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Thursday, November 30th will be given a dividend of $3.20 per share. The ex-dividend date is Wednesday, November 29th. 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 5.51%. Pioneer Natural Resources’s payout ratio is currently 23.88%.

Analyst Ratings Changes

PXD has been the topic of several recent research reports. Roth Mkm reaffirmed a “buy” rating and set a $245.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, October 6th. Truist Financial raised shares of Pioneer Natural Resources to a “buy” rating in a research note on Thursday, October 12th. Jefferies Financial Group increased their target price on shares of Pioneer Natural Resources from $245.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 28th. Citigroup boosted their price target on Pioneer Natural Resources from $234.00 to $256.00 in a research report on Wednesday, September 20th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $258.00 price objective (down previously from $281.00) on shares of Pioneer Natural Resources in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $258.55.

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