Pioneer Natural Resources (NYSE:PXD) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC cut its stake in Pioneer Natural Resources (NYSE:PXD) by 89.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,831 shares of the oil and gas development company’s stock after selling 31,045 shares during the period. EverSource Wealth Advisors LLC’s holdings in Pioneer Natural Resources were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PXD. Hartford Financial Management Inc. grew its holdings in 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 buying an additional 44 shares during the last quarter. Sachetta LLC acquired a new position in Pioneer Natural Resources in the 4th quarter valued at about $27,000. Jones Financial Companies Lllp lifted its holdings 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 in the last quarter. OLD Second National Bank of Aurora acquired a new stake in shares of Pioneer Natural Resources during the 4th quarter worth about $34,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Pioneer Natural Resources in the fourth quarter valued at approximately $37,000. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PXD shares. Mizuho raised their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Truist Financial increased their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Susquehanna boosted their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Finally, StockNews.com began coverage on Pioneer Natural Resources in a research report on Thursday. They issued a “hold” rating on the stock. Two 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $264.10.

Insider Activity at Pioneer Natural Resources

In other Pioneer Natural Resources news, Director J Kenneth Thompson sold 1,000 shares of the firm’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 transaction, the director now owns 16,070 shares of the company’s stock, valued at $4,017,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Scott D. Sheffield sold 10,000 shares of the business’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 transaction of $2,352,500.00. Following the completion of the transaction, the director now directly owns 462,112 shares in the company, valued at $108,711,848. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director J Kenneth Thompson sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $4,017,500. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock valued at $9,067,373 in the last quarter. Insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Stock Performance

Shares of PXD remained flat at $269.62 during mid-day trading 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 debt-to-equity ratio of 0.20, a current ratio of 0.90 and a quick ratio of 0.76. The firm has a market cap of $63.00 billion, a PE ratio of 13.32 and a beta of 1.28. The business’s 50-day simple moving average is $266.94 and its 200-day simple moving average is $242.99.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share 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 business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter in the previous year, the firm earned $5.91 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Pioneer Natural Resources will post 22.07 earnings per share for the current fiscal year.

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.