Xponance Inc. Buys 849 Shares of Pioneer Natural Resources (NYSE:PXD)

Xponance Inc. lifted its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,487 shares of the oil and gas development company’s stock after buying an additional 849 shares during the quarter. Xponance Inc.’s holdings in Pioneer Natural Resources were worth $6,631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Hartford Financial Management Inc. lifted its position in Pioneer Natural Resources by 61.1% during the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after acquiring an additional 44 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of Pioneer Natural Resources during the third quarter worth approximately $29,000. Ancora Advisors LLC lifted its holdings in Pioneer Natural Resources by 77.4% during the 1st quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after purchasing an additional 65 shares during the last quarter. Carmel Capital Partners LLC bought a new stake in Pioneer Natural Resources in the 3rd quarter valued at $34,000. Finally, Jones Financial Companies Lllp boosted its stake in Pioneer Natural Resources by 85.0% in 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. Institutional investors own 80.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial increased their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Stifel Nicolaus lowered their price target on shares of 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 reissued a “sector perform” rating and issued a $279.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Mizuho raised their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Finally, StockNews.com assumed coverage on Pioneer Natural Resources in a research note on Saturday, April 13th. They issued a “hold” rating for the company. Two equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $259.00.

Pioneer Natural Resources Trading Up 0.9 %

Shares of PXD stock opened at $270.30 on Friday. 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 capitalization of $63.15 billion, a P/E ratio of 13.35 and a beta of 1.31. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83. The stock’s fifty day simple moving average is $250.68 and its 200 day simple moving average is $238.23.

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 for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.91 earnings per share. As a group, sell-side analysts predict that Pioneer Natural Resources will post 21.5 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business also recently announced 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 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Insiders Place Their Bets

In other news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the transaction, the executive vice president now directly owns 49,856 shares in the company, valued at $11,683,753.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction on Monday, March 4th. The shares were sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the completion of the transaction, the director now owns 462,112 shares of the company’s stock, valued at $108,711,848. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark H. Kleinman sold 3,500 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the sale, the executive vice president now directly owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,766 shares of company stock valued at $9,067,373. 0.57% of the stock is currently owned by company insiders.

Pioneer Natural Resources Company 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.