Koshinski Asset Management Inc. Grows Position in Pioneer Natural Resources (NYSE:PXD)

Koshinski Asset Management Inc. lifted its position in Pioneer Natural Resources (NYSE:PXD) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,395 shares of the oil and gas development company’s stock after purchasing an additional 105 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Pioneer Natural Resources were worth $314,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dai ichi Life Insurance Company Ltd grew its holdings in shares of Pioneer Natural Resources by 45.5% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company’s stock valued at $4,839,000 after purchasing an additional 6,589 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Pioneer Natural Resources by 610.6% in the third quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock valued at $141,965,000 after purchasing an additional 531,418 shares during the period. Banco Santander S.A. grew its holdings in shares of Pioneer Natural Resources by 7.1% in the third quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock valued at $11,847,000 after purchasing an additional 3,438 shares during the period. SCP Investment LP boosted its stake in Pioneer Natural Resources by 80.0% during the third quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock worth $413,000 after buying an additional 800 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in Pioneer Natural Resources by 34.2% during the third quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock worth $101,122,000 after buying an additional 112,261 shares during the period. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Insider Activity

In other news, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction on Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the transaction, the executive vice president now directly owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the transaction, the director now directly owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark H. Kleinman sold 3,500 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the transaction, the executive vice president now directly owns 49,856 shares in the company, valued at $11,683,753.60. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock valued at $9,067,373 in the last ninety days. 0.55% of the stock is currently owned by company insiders.

Pioneer Natural Resources Stock Down 0.7 %

Shares of NYSE:PXD opened at $269.01 on Tuesday. The company has a market capitalization of $62.85 billion, a PE ratio of 13.29 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83. The firm has a 50 day simple moving average of $247.51 and a 200-day simple moving average of $237.22.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.91 EPS. On average, equities analysts predict that Pioneer Natural Resources will post 20.88 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were issued a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.81%. Pioneer Natural Resources’s payout ratio is 24.70%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Mizuho increased their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Truist Financial increased their target price on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Susquehanna increased their target price on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Finally, StockNews.com started coverage on shares of Pioneer Natural Resources in a research report on Saturday. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $259.00.

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. The company was founded in 1997 and is headquartered in Irving, Texas.