Pioneer Natural Resources (NYSE:PXD) Shares Acquired by Greenleaf Trust

Greenleaf Trust grew its position in Pioneer Natural Resources (NYSE:PXD) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,336 shares of the oil and gas development company’s stock after purchasing an additional 568 shares during the period. Greenleaf Trust’s holdings in Pioneer Natural Resources were worth $1,200,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Hartford Financial Management Inc. grew its holdings in Pioneer Natural Resources by 61.1% during the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after acquiring an additional 44 shares during the period. BluePath Capital Management LLC acquired a new stake in Pioneer Natural Resources during the third quarter worth about $29,000. Ancora Advisors LLC grew its holdings in Pioneer Natural Resources by 77.4% during the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after acquiring an additional 65 shares during the period. Carmel Capital Partners LLC acquired a new stake in Pioneer Natural Resources during the third quarter worth about $34,000. Finally, Jones Financial Companies Lllp grew its holdings in Pioneer Natural Resources by 85.0% during the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after acquiring an additional 68 shares during the period. 80.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total transaction of $369,505.20. Following the transaction, the chief accounting officer now owns 4,990 shares in the company, valued at $1,302,140.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Christopher L. Washburn sold 1,416 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the transaction, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $522,240.00. Following the completion of the transaction, the director now directly owns 11,132 shares in the company, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,766 shares of company stock worth $9,067,373. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on PXD shares. Susquehanna raised their target price on Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. StockNews.com began coverage on Pioneer Natural Resources in a research report on Sunday. They set a “hold” rating on the stock. Stifel Nicolaus lowered their price target on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 23rd. Truist Financial increased their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Finally, Scotiabank increased their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $259.00.

Pioneer Natural Resources Stock Performance

Shares of Pioneer Natural Resources stock opened at $270.31 on Friday. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $278.83. The company has a market cap of $63.15 billion, a price-to-earnings ratio of 13.36 and a beta of 1.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. The business’s 50 day moving average price is $250.68 and its 200 day moving average price is $238.33.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the business posted $5.91 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that Pioneer Natural Resources will post 21.5 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were given a dividend of $2.56 per share. The ex-dividend date was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a yield of 3.79%. Pioneer Natural Resources’s payout ratio is 24.70%.

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