Charles Schwab Investment Management Inc. Purchases 34,111 Shares of Pioneer Natural Resources (NYSE:PXD)

Charles Schwab Investment Management Inc. raised its position in shares of Pioneer Natural Resources (NYSE:PXD) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,234,883 shares of the oil and gas development company’s stock after purchasing an additional 34,111 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.53% of Pioneer Natural Resources worth $277,701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hartford Financial Management Inc. grew its stake in shares of Pioneer Natural Resources by 61.1% during the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after acquiring an additional 44 shares during the period. Carmel Capital Partners LLC purchased a new stake in shares of Pioneer Natural Resources in the third quarter worth $34,000. Jones Financial Companies Lllp raised its position in shares of Pioneer Natural Resources by 85.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 68 shares during the period. OLD Second National Bank of Aurora purchased a new position in shares of Pioneer Natural Resources during the 4th quarter valued at $34,000. Finally, Criterion Capital Advisors LLC bought a new position in Pioneer Natural Resources in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Insider Transactions at Pioneer Natural Resources

In related news, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the sale, the director now directly owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Christopher L. Washburn sold 1,416 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $261.12, for a total value of $522,240.00. Following 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. Corporate insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Stock Performance

Shares of PXD stock opened at $269.62 on Thursday. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20. The company has a market cap of $63.00 billion, a P/E ratio of 13.32 and a beta of 1.28. The firm has a fifty day moving average price of $260.37 and a 200 day moving average price of $240.89.

Pioneer Natural Resources (NYSE:PXD) last released 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). The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.91 EPS. Sell-side analysts predict that Pioneer Natural Resources will post 22.07 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were issued a dividend of $2.56 per share. This represents a $10.24 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s payout ratio is 24.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial raised their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Mizuho boosted their price target 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 reiterated a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Susquehanna raised their target price on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Finally, StockNews.com started coverage on Pioneer Natural Resources in a research report on Tuesday. They set a “hold” rating on the stock. Two equities research 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’s stock. According to MarketBeat, Pioneer Natural Resources has a consensus rating of “Hold” and an average target price of $264.10.

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.