Nan Shan Life Insurance Co. Ltd. decreased its position in shares of Pioneer Natural Resources (NYSE:PXD – Get Rating) by 93.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,845 shares of the oil and gas development company’s stock after selling 129,155 shares during the quarter. Nan Shan Life Insurance Co. Ltd.’s holdings in Pioneer Natural Resources were worth $1,609,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of PXD. Old North State Trust LLC lifted its holdings in Pioneer Natural Resources by 353.1% during the 4th quarter. Old North State Trust LLC now owns 145 shares of the oil and gas development company’s stock worth $26,000 after buying an additional 113 shares in the last quarter. Covestor Ltd acquired a new position in Pioneer Natural Resources during the 4th quarter worth $27,000. Massmutual Trust Co. FSB ADV lifted its holdings in Pioneer Natural Resources by 238.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 176 shares of the oil and gas development company’s stock worth $32,000 after buying an additional 124 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Pioneer Natural Resources in the 4th quarter valued at $37,000. Finally, Exane Derivatives lifted its stake in shares of Pioneer Natural Resources by 485.7% in the 4th quarter. Exane Derivatives now owns 205 shares of the oil and gas development company’s stock valued at $37,000 after purchasing an additional 170 shares during the period. 87.65% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on PXD. Susquehanna Bancshares increased their price target on Pioneer Natural Resources from $258.00 to $278.00 and gave the company a “positive” rating in a research note on Monday, April 25th. Barclays raised their price objective on Pioneer Natural Resources from $236.00 to $295.00 in a research note on Friday, March 18th. Morgan Stanley raised their price objective on Pioneer Natural Resources from $213.00 to $272.00 and gave the stock an “equal weight” rating in a research note on Friday, April 22nd. KeyCorp raised their price objective on Pioneer Natural Resources from $252.00 to $272.00 and gave the stock an “overweight” rating in a research note on Thursday, March 24th. Finally, Susquehanna increased their target price on Pioneer Natural Resources from $258.00 to $278.00 and gave the stock a “positive” rating in a report on Monday, April 25th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $276.53.
PXD stock traded up $1.06 during mid-day trading on Friday, hitting $266.48. 1,664,481 shares of the company were exchanged, compared to its average volume of 2,470,575. The business has a 50 day simple moving average of $249.57 and a 200-day simple moving average of $219.20. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $64.48 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 0.96 and a beta of 1.53. Pioneer Natural Resources has a 1-year low of $133.73 and a 1-year high of $279.98.
Pioneer Natural Resources (NYSE:PXD – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The oil and gas development company reported $7.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.32 by $0.42. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $5.99 billion. Pioneer Natural Resources had a net margin of 22.85% and a return on equity of 21.01%. The business’s revenue for the quarter was up 152.5% compared to the same quarter last year. During the same period last year, the business posted $1.77 earnings per share. Equities research analysts expect that Pioneer Natural Resources will post 32.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Stockholders of record on Tuesday, May 31st will be given a $7.38 dividend. This represents a $29.52 dividend on an annualized basis and a dividend yield of 11.08%. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, May 27th. Pioneer Natural Resources’s payout ratio is presently 15.09%.
About Pioneer Natural Resources (Get Rating)
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. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of gas; and owned interests in 11 gas processing plants.
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