Pacer Advisors Inc. lifted its position in Pioneer Natural Resources (NYSE:PXD – Get Rating) by 47.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,379 shares of the oil and gas development company’s stock after buying an additional 5,604 shares during the quarter. Pacer Advisors Inc.’s holdings in Pioneer Natural Resources were worth $4,345,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of PXD. Old North State Trust LLC raised its holdings in shares of Pioneer Natural Resources by 353.1% in the 4th quarter. Old North State Trust LLC now owns 145 shares of the oil and gas development company’s stock valued at $26,000 after buying an additional 113 shares during the period. Covestor Ltd purchased a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at $27,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Pioneer Natural Resources by 238.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 176 shares of the oil and gas development company’s stock valued at $32,000 after buying an additional 124 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at $37,000. Finally, Exane Derivatives raised its holdings 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 buying an additional 170 shares during the period. Hedge funds and other institutional investors own 87.65% of the company’s stock.
Several equities research analysts have weighed in on PXD shares. Wells Fargo & Company upped their price target on Pioneer Natural Resources from $244.00 to $276.00 and gave the stock an “overweight” rating in a report on Monday, March 14th. KeyCorp upped their price target on Pioneer Natural Resources from $272.00 to $294.00 and gave the stock an “overweight” rating in a report on Thursday, May 26th. Scotiabank downgraded Pioneer Natural Resources from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $260.00 to $270.00 in a report on Monday, April 18th. Truist Financial upped their price target on Pioneer Natural Resources from $245.00 to $281.00 in a report on Thursday, April 21st. Finally, Susquehanna Bancshares upped their price target 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 equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $286.71.
Shares of NYSE PXD opened at $228.81 on Thursday. The stock has a market cap of $55.36 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.51. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 0.23. Pioneer Natural Resources has a 52-week low of $133.73 and a 52-week high of $288.46. The business has a 50-day moving average price of $257.54 and a 200 day moving average price of $232.17.
Pioneer Natural Resources (NYSE:PXD – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The oil and gas development company reported $7.74 EPS for the quarter, beating 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 return on equity of 21.01% and a net margin of 22.85%. The firm’s revenue was up 152.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.77 EPS. Sell-side analysts anticipate that Pioneer Natural Resources will post 33.9 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Tuesday, May 31st were paid a dividend of $7.38 per share. The ex-dividend date of this dividend was Friday, May 27th. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.78. This represents a $29.52 annualized dividend and a yield of 12.90%. Pioneer Natural Resources’s dividend payout ratio is currently 19.78%.
Pioneer Natural Resources Company Profile (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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