Mercer Global Advisors Inc. ADV Sells 10,000 Shares of Pioneer Natural Resources (NYSE:PXD)

Mercer Global Advisors Inc. ADV lowered its stake in Pioneer Natural Resources (NYSE:PXD – Get Rating) by 40.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,886 shares of the oil and gas development company’s stock after selling 10,000 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Pioneer Natural Resources were worth $3,400,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PXD. Fairfield Bush & CO. bought a new position in Pioneer Natural Resources in the first quarter valued at approximately $42,000. Cetera Advisor Networks LLC raised its holdings in shares of Pioneer Natural Resources by 59.5% in the first quarter. Cetera Advisor Networks LLC now owns 2,074 shares of the oil and gas development company’s stock valued at $519,000 after purchasing an additional 774 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Pioneer Natural Resources by 52.1% in the first quarter. Cetera Investment Advisers now owns 3,249 shares of the oil and gas development company’s stock valued at $812,000 after purchasing an additional 1,113 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Pioneer Natural Resources by 22.6% in the first quarter. Baird Financial Group Inc. now owns 108,614 shares of the oil and gas development company’s stock valued at $27,157,000 after purchasing an additional 20,023 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in shares of Pioneer Natural Resources by 35.9% in the first quarter. Mather Group LLC. now owns 3,430 shares of the oil and gas development company’s stock valued at $858,000 after purchasing an additional 907 shares during the last quarter. Institutional investors own 89.75% of the company’s stock.

Pioneer Natural Resources Price Performance

Pioneer Natural Resources stock opened at $204.78 on Monday. The stock has a market capitalization of $47.86 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 1.15 and a beta of 1.42. Pioneer Natural Resources has a 52-week low of $177.26 and a 52-week high of $288.46. The stock’s 50 day moving average price is $208.49 and its two-hundred day moving average price is $223.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.88.

Pioneer Natural Resources (NYSE:PXD – Get Rating) last issued its earnings results on Wednesday, April 26th. The oil and gas development company reported $5.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.31. Pioneer Natural Resources had a return on equity of 30.71% and a net margin of 31.15%. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same period last year, the business earned $7.74 EPS. Pioneer Natural Resources’s quarterly revenue was down 26.4% compared to the same quarter last year. On average, equities analysts predict that Pioneer Natural Resources will post 21.63 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Thursday, June 1st will be issued a $3.34 dividend. This represents a $13.36 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend is Wednesday, May 31st. Pioneer Natural Resources’s dividend payout ratio is currently 17.72%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PXD. Stifel Nicolaus lifted their price objective on shares of Pioneer Natural Resources from $286.00 to $290.00 in a report on Thursday, April 27th. Truist Financial lowered their target price on shares of Pioneer Natural Resources from $229.00 to $220.00 in a report on Tuesday, April 11th. Sanford C. Bernstein lowered their target price on shares of Pioneer Natural Resources from $283.00 to $241.00 and set an “outperform” rating on the stock in a report on Tuesday, February 28th. Susquehanna boosted their target price on shares of Pioneer Natural Resources from $266.00 to $278.00 and gave the stock a “positive” rating in a report on Friday, April 21st. Finally, The Goldman Sachs Group boosted their target price on shares of Pioneer Natural Resources from $217.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, April 21st. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Pioneer Natural Resources currently has an average rating of “Moderate Buy” and a consensus target price of $259.45.

Pioneer Natural Resources Company 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.