Pioneer Natural Resources (NYSE:PXD) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its stake in Pioneer Natural Resources (NYSE:PXD) by 68.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366 shares of the oil and gas development company’s stock after acquiring an additional 149 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Pioneer Natural Resources were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new stake in shares of Pioneer Natural Resources during the first quarter worth about $42,000. Cetera Advisor Networks LLC lifted its position in Pioneer Natural Resources by 59.5% in the first quarter. Cetera Advisor Networks LLC now owns 2,074 shares of the oil and gas development company’s stock valued at $519,000 after purchasing an additional 774 shares during the period. Cetera Investment Advisers lifted its position in Pioneer Natural Resources by 52.1% in the first quarter. Cetera Investment Advisers now owns 3,249 shares of the oil and gas development company’s stock valued at $812,000 after purchasing an additional 1,113 shares during the period. Baird Financial Group Inc. lifted its position in Pioneer Natural Resources by 22.6% in the first quarter. Baird Financial Group Inc. now owns 108,614 shares of the oil and gas development company’s stock valued at $27,157,000 after purchasing an additional 20,023 shares during the period. Finally, Mather Group LLC. lifted its position in Pioneer Natural Resources by 35.9% in the first quarter. Mather Group LLC. now owns 3,430 shares of the oil and gas development company’s stock valued at $858,000 after purchasing an additional 907 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PXD. 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 report on Thursday, April 11th. StockNews.com began coverage on shares of Pioneer Natural Resources in a report on Saturday, April 13th. They issued a “hold” rating for the company. Susquehanna increased their target price 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. Stifel Nicolaus dropped their target price 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. Finally, Truist Financial raised their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Pioneer Natural Resources has an average rating of “Hold” and a consensus price target of $259.00.

Insider Activity at Pioneer Natural Resources

In related news, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the sale, the director now owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director J Kenneth Thompson sold 1,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the sale, the director now owns 16,070 shares of the company’s stock, valued at approximately $4,017,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Phillip A. Gobe sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,766 shares of company stock worth $9,067,373. 0.57% of the stock is currently owned by corporate insiders.

Pioneer Natural Resources Stock Up 0.9 %

Shares of PXD opened at $270.30 on Friday. The firm has a market cap of $63.15 billion, a PE ratio of 13.35 and a beta of 1.31. The company’s fifty day moving average is $250.68 and its two-hundred day moving average is $238.23. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $5.91 EPS. Analysts forecast that Pioneer Natural Resources will post 21.5 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

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