Lindbrook Capital LLC Acquires 74 Shares of Pioneer Natural Resources (NYSE:PXD)

Lindbrook Capital LLC lifted its holdings in Pioneer Natural Resources (NYSE:PXD) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,101 shares of the oil and gas development company’s stock after buying an additional 74 shares during the period. Lindbrook Capital LLC’s holdings in Pioneer Natural Resources were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PXD. Bank of New York Mellon Corp increased its stake in Pioneer Natural Resources by 25.7% during the third quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company’s stock worth $743,734,000 after acquiring an additional 662,891 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Pioneer Natural Resources during the 3rd quarter valued at approximately $134,558,000. Assenagon Asset Management S.A. raised its holdings in Pioneer Natural Resources by 610.6% during the 3rd 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 buying an additional 531,418 shares during the period. International Assets Investment Management LLC lifted its position in Pioneer Natural Resources by 20,425.9% in the fourth quarter. International Assets Investment Management LLC now owns 302,757 shares of the oil and gas development company’s stock worth $68,084,000 after buying an additional 301,282 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Pioneer Natural Resources by 7.6% during the third quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock worth $748,271,000 after buying an additional 231,470 shares during the period. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Scotiabank increased their target price on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $279.00 price objective on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Stifel Nicolaus dropped their target price on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company 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 report on Friday, April 5th. Finally, Mizuho boosted their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $261.55.

Insider Transactions at Pioneer Natural Resources

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now owns 462,112 shares in the company, valued at approximately $108,711,848. The disclosure for this sale can be found here. Insiders have sold a total of 36,766 shares of company stock valued at $9,067,373 in the last 90 days. Insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Stock Performance

Shares of PXD stock opened at $273.38 on Tuesday. The company’s 50 day moving average is $251.56 and its 200 day moving average is $238.90. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The firm has a market cap of $63.87 billion, a price-to-earnings ratio of 13.51 and a beta of 1.31. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the previous year, the firm posted $5.91 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Pioneer Natural Resources will post 21.5 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were issued a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

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