Knights of Columbus Asset Advisors LLC Has $6.01 Million Position in Pioneer Natural Resources (NYSE:PXD)

Knights of Columbus Asset Advisors LLC grew its holdings in Pioneer Natural Resources (NYSE:PXD) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,730 shares of the oil and gas development company’s stock after purchasing an additional 342 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Pioneer Natural Resources were worth $6,011,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PXD. Hartford Financial Management Inc. grew its position in shares of Pioneer Natural Resources by 61.1% in the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after purchasing an additional 44 shares during the last quarter. 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 position 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 buying an additional 65 shares in the last quarter. 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 position 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 buying an additional 68 shares in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PXD shares. Mizuho lifted their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Susquehanna lifted their target price on Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Stifel Nicolaus decreased their target price 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Finally, Truist Financial lifted their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Two research 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, Pioneer Natural Resources presently has a consensus rating of “Hold” and an average target price of $259.00.

Insider Buying and Selling

In related news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the sale, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock worth $9,067,373 in the last quarter. Insiders own 0.57% of the company’s stock.

Pioneer Natural Resources Price Performance

Shares of NYSE:PXD traded up $2.99 during trading on Friday, reaching $270.96. The stock had a trading volume of 1,455,582 shares, compared to its average volume of 1,981,975. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83. The business’s 50-day moving average price is $249.82 and its 200 day moving average price is $237.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. The stock has a market capitalization of $63.30 billion, a PE ratio of 13.38 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last posted 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). 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 quarter last year, the firm earned $5.91 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Pioneer Natural Resources will post 21.15 earnings per share 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 $2.56 dividend. This represents a $10.24 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 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.