Sfmg LLC Has $309,000 Stake in Pioneer Natural Resources (NYSE:PXD)

Sfmg LLC trimmed its stake in Pioneer Natural Resources (NYSE:PXD) by 40.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,372 shares of the oil and gas development company’s stock after selling 935 shares during the period. Sfmg LLC’s holdings in Pioneer Natural Resources were worth $309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PXD. T. Rowe Price Investment Management Inc. grew its position in Pioneer Natural Resources by 46.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,242,203 shares of the oil and gas development company’s stock worth $968,877,000 after purchasing an additional 1,343,601 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Pioneer Natural Resources by 75,598.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 996,195 shares of the oil and gas development company’s stock worth $227,521,000 after acquiring an additional 994,879 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Pioneer Natural Resources by 25.7% during the 3rd 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 period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Pioneer Natural Resources during the 3rd quarter worth about $134,558,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of 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 worth $141,965,000 after acquiring an additional 531,418 shares during the period. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the transaction, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the transaction, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the transaction, the director now directly owns 11,132 shares in the company, valued at $2,906,787.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,766 shares of company stock valued at $9,067,373. 0.57% of the stock is owned by company insiders.

Pioneer Natural Resources Stock Up 0.2 %

Shares of NYSE:PXD opened at $267.79 on Thursday. The company has a 50 day moving average price of $249.09 and a two-hundred day moving average price of $237.70. 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 company has a market capitalization of $62.56 billion, a PE ratio of 13.23 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 posted its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (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 analyst estimates of $5.28 billion. During the same quarter in the prior year, the business posted $5.91 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts forecast that Pioneer Natural Resources will post 21.15 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared 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. This represents a $10.24 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is 24.70%.

Analysts Set New Price Targets

A number of research firms have recently commented on PXD. Stifel Nicolaus reduced their price objective on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company in a report on Tuesday, January 23rd. Truist Financial lifted their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Susquehanna lifted their price target on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Mizuho lifted their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Finally, StockNews.com started coverage on shares of Pioneer Natural Resources in a report on Saturday, April 13th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $259.00.

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.