Pioneer Natural Resources (NYSE:PXD) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its stake in Pioneer Natural Resources (NYSE:PXD) by 1.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 676,499 shares of the oil and gas development company’s stock after selling 8,496 shares during the quarter. Bessemer Group Inc.’s holdings in Pioneer Natural Resources were worth $140,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MayTech Global Investments LLC boosted its stake in Pioneer Natural Resources by 15.8% in the 2nd quarter. MayTech Global Investments LLC now owns 96,805 shares of the oil and gas development company’s stock worth $20,056,000 after purchasing an additional 13,185 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Pioneer Natural Resources by 10.7% in the second quarter. King Luther Capital Management Corp now owns 647,238 shares of the oil and gas development company’s stock valued at $134,095,000 after purchasing an additional 62,644 shares in the last quarter. Trust Investment Advisors boosted its position in shares of Pioneer Natural Resources by 6.3% in the second quarter. Trust Investment Advisors now owns 6,091 shares of the oil and gas development company’s stock worth $1,262,000 after buying an additional 359 shares during the period. Gamco Investors INC. ET AL purchased a new position in shares of Pioneer Natural Resources during the second quarter valued at $238,000. Finally, Carlson Capital L P acquired a new position in Pioneer Natural Resources during the second quarter valued at $4,040,000. 82.72% of the stock is owned by institutional investors and hedge funds.

Pioneer Natural Resources Trading Down 0.3 %

Pioneer Natural Resources stock opened at $237.37 on Tuesday. Pioneer Natural Resources has a 52 week low of $177.26 and a 52 week 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 firm has a market capitalization of $55.38 billion, a PE ratio of 11.34 and a beta of 1.38. The business’s 50-day simple moving average is $236.59 and its 200-day simple moving average is $223.97.

Pioneer Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Thursday, November 30th will be paid a $3.20 dividend. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $1.84. The ex-dividend date is Wednesday, November 29th. This represents a $12.80 annualized dividend and a dividend yield of 5.39%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 23.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BMO Capital Markets cut Pioneer Natural Resources from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. Sanford C. Bernstein lowered shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $273.00 to $246.00 in a research note on Tuesday, October 17th. Truist Financial decreased their target price on shares of Pioneer Natural Resources from $255.00 to $238.00 and set a “hold” rating for the company in a research note on Friday. UBS Group upped their price target on shares of Pioneer Natural Resources from $224.00 to $269.00 and gave the stock a “neutral” rating in a research note on Thursday, August 17th. Finally, Citigroup increased their price objective on Pioneer Natural Resources from $234.00 to $256.00 in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Pioneer Natural Resources currently has an average rating of “Hold” and an average price target of $258.45.

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.