O Shaughnessy Asset Management LLC Acquires 381 Shares of Pioneer Natural Resources (NYSE:PXD)

O Shaughnessy Asset Management LLC boosted its position in shares of Pioneer Natural Resources (NYSE:PXDGet 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

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $5.71 per share. The ex-dividend date is Tuesday, November 29th. This represents a $22.84 dividend on an annualized basis and a yield of 8.98%. Pioneer Natural Resources’s dividend payout ratio is currently 15.69%.

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

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

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