Quadrant Capital Group LLC Purchases 88 Shares of Pioneer Natural Resources (NYSE:PXD)

Quadrant Capital Group LLC boosted its position in Pioneer Natural Resources (NYSE:PXD) by 3.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,356 shares of the oil and gas development company’s stock after purchasing an additional 88 shares during the quarter. Quadrant Capital Group LLC’s holdings in Pioneer Natural Resources were worth $488,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fiera Capital Corp boosted its position in Pioneer Natural Resources by 0.6% in the second quarter. Fiera Capital Corp now owns 7,491 shares of the oil and gas development company’s stock valued at $1,551,000 after buying an additional 45 shares during the last quarter. Tlwm lifted its holdings in Pioneer Natural Resources by 1.4% in the 2nd quarter. Tlwm now owns 3,416 shares of the oil and gas development company’s stock valued at $708,000 after purchasing an additional 48 shares in the last quarter. City State Bank lifted its holdings in Pioneer Natural Resources by 3.0% in the 2nd quarter. City State Bank now owns 1,709 shares of the oil and gas development company’s stock valued at $354,000 after purchasing an additional 50 shares in the last quarter. Ausdal Financial Partners Inc. lifted its holdings in Pioneer Natural Resources by 4.4% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 1,187 shares of the oil and gas development company’s stock valued at $246,000 after purchasing an additional 50 shares in the last quarter. Finally, AllSquare Wealth Management LLC raised its holdings in shares of Pioneer Natural Resources by 5.5% during the 2nd quarter. AllSquare Wealth Management LLC now owns 963 shares of the oil and gas development company’s stock worth $199,000 after acquiring an additional 50 shares during the period. 82.72% of the stock is currently owned by institutional investors.

Pioneer Natural Resources Price Performance

Pioneer Natural Resources stock opened at $238.16 on Friday. Pioneer Natural Resources has a 12 month low of $177.26 and a 12 month high of $258.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.70. The business has a 50 day simple moving average of $236.52 and a 200-day simple moving average of $223.54. The stock has a market capitalization of $55.57 billion, a PE ratio of 11.37 and a beta of 1.38.

Pioneer Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Thursday, November 30th will be paid a dividend of $3.20 per share. This represents a $12.80 annualized dividend and a dividend yield of 5.37%. The ex-dividend date is Wednesday, November 29th. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $1.84. Pioneer Natural Resources’s dividend payout ratio is 23.88%.

Analysts Set New Price Targets

Several analysts recently issued reports on PXD shares. Susquehanna restated a “neutral” rating and issued a $250.00 price objective (down from $276.00) on shares of Pioneer Natural Resources in a report on Monday, November 6th. JPMorgan Chase & Co. raised Pioneer Natural Resources from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $251.00 to $264.00 in a research report on Wednesday, August 16th. Truist Financial lowered their price objective on Pioneer Natural Resources from $255.00 to $238.00 and set a “hold” rating for the company in a research report on Friday. StockNews.com began coverage on Pioneer Natural Resources in a report on Monday, November 13th. They issued a “hold” rating for the company. Finally, Jefferies Financial Group upped their price target on Pioneer Natural Resources from $245.00 to $265.00 and gave the company a “hold” rating in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $259.14.

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