364,360 Shares in Pioneer Natural Resources (NYSE:PXD) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new stake in Pioneer Natural Resources (NYSE:PXD) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 364,360 shares of the oil and gas development company’s stock, valued at approximately $75,488,000. Pioneer Natural Resources makes up approximately 0.6% of ExodusPoint Capital Management LP’s portfolio, making the stock its 10th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Alliance LLC acquired a new stake in shares of Pioneer Natural Resources during the second quarter worth $30,000. Ancora Advisors LLC increased its stake in Pioneer Natural Resources by 77.4% in the 1st quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Solstein Capital LLC acquired a new stake in Pioneer Natural Resources during the 2nd quarter worth about $31,000. Fairfield Bush & CO. purchased a new stake in Pioneer Natural Resources during the first quarter valued at about $42,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Pioneer Natural Resources in the first quarter worth about $35,000. Institutional investors and hedge funds own 82.72% of the company’s stock.

Pioneer Natural Resources Stock Up 0.0 %

Shares of NYSE:PXD traded up $0.02 on Monday, reaching $238.18. The company had a trading volume of 489,470 shares, compared to its average volume of 2,362,240. 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 stock has a market capitalization of $55.57 billion, a P/E ratio of 11.40 and a beta of 1.38. The stock has a 50-day moving average price of $236.52 and a 200 day moving average price of $223.75. Pioneer Natural Resources has a twelve month low of $177.26 and a twelve month high of $258.06.

Pioneer Natural Resources Increases Dividend

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

Analyst Ratings Changes

PXD has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Pioneer Natural Resources from a “neutral” rating to an “overweight” rating and upped their price target for the company from $251.00 to $264.00 in a research report on Wednesday, August 16th. Wells Fargo & Company raised their target price on Pioneer Natural Resources from $227.00 to $239.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Piper Sandler upped their price target on Pioneer Natural Resources from $311.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, August 14th. Roth Mkm restated a “buy” rating and set a $245.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, October 6th. Finally, UBS Group upped their target price on Pioneer Natural Resources from $224.00 to $269.00 and gave the company a “neutral” rating in a report on Thursday, August 17th. 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 company’s stock. Based on data from MarketBeat, Pioneer Natural Resources presently has an average rating of “Hold” and an average target price of $258.45.

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.