Eagle Global Advisors LLC Decreases Stock Position in Pioneer Natural Resources (NYSE:PXD)

Eagle Global Advisors LLC lessened its position in Pioneer Natural Resources (NYSE:PXDFree Report) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,233 shares of the oil and gas development company’s stock after selling 6,812 shares during the quarter. Eagle Global Advisors LLC’s holdings in Pioneer Natural Resources were worth $10,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. 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 buying an additional 44 shares in the last quarter. Sachetta LLC acquired a new stake in Pioneer Natural Resources during the fourth quarter worth $27,000. Jones Financial Companies Lllp increased its stake 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 acquiring an additional 68 shares during the last quarter. OLD Second National Bank of Aurora acquired a new stake in Pioneer Natural Resources during the fourth quarter worth $34,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Pioneer Natural Resources during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Insiders Place Their Bets

In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the transaction, the director now owns 11,132 shares in the company, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now owns 462,112 shares in the company, valued at approximately $108,711,848. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were 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 in the company, 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. Company insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Price Performance

PXD stock remained flat at $269.62 during trading on Friday. The stock has a market capitalization of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. Pioneer Natural Resources has a 12-month low of $196.74 and a 12-month high of $278.83. The business’s 50 day simple moving average is $267.32 and its 200 day simple moving average is $243.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 0.90.

Pioneer Natural Resources (NYSE:PXDGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.41 by ($0.13). Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the firm earned $5.91 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts predict that Pioneer Natural Resources will post 22.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PXD. Scotiabank lifted their target price on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Susquehanna lifted their target price on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Truist Financial lifted their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. StockNews.com initiated coverage on Pioneer Natural Resources in a report on Thursday. They set a “hold” rating for the company. Finally, Stifel Nicolaus lifted their price target on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $264.10.

Check Out Our Latest Stock Report on Pioneer Natural Resources

Pioneer Natural Resources Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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