Pioneer Natural Resources (NYSE:PXD) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lessened its holdings in shares of Pioneer Natural Resources (NYSE:PXD – Get Rating) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,908 shares of the oil and gas development company’s stock after selling 328 shares during the quarter. Fulton Bank N.A.’s holdings in Pioneer Natural Resources were worth $436,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Pioneer Natural Resources by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 19,283,043 shares of the oil and gas development company’s stock valued at $4,175,358,000 after purchasing an additional 511,005 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Pioneer Natural Resources by 9.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,078,403 shares of the oil and gas development company’s stock worth $1,532,686,000 after acquiring an additional 589,073 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Pioneer Natural Resources by 144.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,346,688 shares of the oil and gas development company’s stock worth $969,659,000 after acquiring an additional 2,569,044 shares in the last quarter. Northern Trust Corp grew its position in shares of Pioneer Natural Resources by 2.0% in the 1st quarter. Northern Trust Corp now owns 2,568,917 shares of the oil and gas development company’s stock worth $642,307,000 after acquiring an additional 51,444 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Pioneer Natural Resources by 9.8% in the 3rd quarter. First Trust Advisors LP now owns 2,123,840 shares of the oil and gas development company’s stock worth $459,875,000 after acquiring an additional 190,321 shares in the last quarter. Institutional investors and hedge funds own 89.75% of the company’s stock.

Pioneer Natural Resources Stock Down 2.4 %

PXD opened at $182.05 on Friday. Pioneer Natural Resources has a one year low of $177.26 and a one year high of $288.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.96. The stock’s fifty day moving average is $218.31 and its 200-day moving average is $232.38. The company has a market capitalization of $42.78 billion, a PE ratio of 5.86, a P/E/G ratio of 1.01 and a beta of 1.41.

Pioneer Natural Resources (NYSE:PXD – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The oil and gas development company reported $5.91 EPS for the quarter, topping analysts’ consensus estimates of $5.83 by $0.08. Pioneer Natural Resources had a return on equity of 33.15% and a net margin of 32.29%. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the business earned $4.58 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities analysts predict that Pioneer Natural Resources will post 22.67 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Monday, March 6th were paid a $5.58 dividend. This represents a $22.32 dividend on an annualized basis and a dividend yield of 12.26%. The ex-dividend date was Friday, March 3rd. Pioneer Natural Resources’s dividend payout ratio is presently 14.17%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com assumed coverage on Pioneer Natural Resources in a research report on Thursday. They issued a “hold” rating for the company. Citigroup decreased their target price on Pioneer Natural Resources from $255.00 to $232.00 and set a “neutral” rating for the company in a research report on Thursday, February 2nd. Mizuho decreased their target price on Pioneer Natural Resources from $293.00 to $265.00 in a research report on Friday, March 10th. Truist Financial decreased their target price on Pioneer Natural Resources from $243.00 to $229.00 and set a “hold” rating for the company in a research report on Monday, February 27th. Finally, Piper Sandler decreased their target price on Pioneer Natural Resources from $340.00 to $322.00 and set an “overweight” rating for the company in a research report on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Pioneer Natural Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.74.

Pioneer Natural Resources Profile

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Pioneer Natural Resources Co operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses on the operation of the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997, and is headquartered in Irving, TX.