O Shaughnessy Asset Management LLC boosted its position in shares of Pioneer Natural Resources (NYSE:PXD – Get Rating) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,395 shares of the oil and gas development company’s stock after acquiring an additional 381 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Pioneer Natural Resources were worth $980,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of PXD. Selective Wealth Management Inc. purchased a new stake in Pioneer Natural Resources in the second quarter worth about $28,000. Atwood & Palmer Inc. purchased a new stake in shares of Pioneer Natural Resources during the second quarter worth about $30,000. JFS Wealth Advisors LLC grew its position in shares of Pioneer Natural Resources by 79.2% during the second quarter. JFS Wealth Advisors LLC now owns 138 shares of the oil and gas development company’s stock worth $31,000 after purchasing an additional 61 shares in the last quarter. Tcwp LLC bought a new position in Pioneer Natural Resources during the first quarter valued at approximately $34,000. Finally, Lee Financial Co lifted its stake in shares of Pioneer Natural Resources by 423.1% in the 1st quarter. Lee Financial Co now owns 136 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.
Pioneer Natural Resources Stock Performance
Shares of PXD opened at $254.37 on Friday. The stock has a 50-day moving average of $245.82 and a two-hundred day moving average of $243.18. Pioneer Natural Resources has a one year low of $166.97 and a one year high of $288.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 1.03. The stock has a market cap of $61.55 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.95 and a beta of 1.47.
Pioneer Natural Resources Cuts Dividend
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Raymond James lowered their price objective on Pioneer Natural Resources from $315.00 to $310.00 and set a “strong-buy” rating for the company in a research note on Monday, October 24th. Credit Suisse Group increased their price target on Pioneer Natural Resources from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. Piper Sandler raised their price objective on Pioneer Natural Resources from $346.00 to $347.00 and gave the stock an “overweight” rating in a report on Thursday, November 17th. KeyCorp started coverage on Pioneer Natural Resources in a report on Monday, September 19th. They set an “overweight” rating and a $290.00 price objective on the stock. Finally, Citigroup raised their price objective on Pioneer Natural Resources to $255.00 in a report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Pioneer Natural Resources has an average rating of “Hold” and a consensus price target of $282.33.
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. 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.
- Get a free copy of the StockNews.com research report on Pioneer Natural Resources (PXD)
- Is the 60/40 Portfolio Mix Still in Vogue?
- Institutional Support for Analog Devices Remains High
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Microsoft Shares: Is it Time to Back Up the Truck?
- Three CBD Stocks to Dominate a Budding Industry
Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.