Ameriprise Financial Inc. Boosts Stake in Pioneer Natural Resources (NYSE:PXD)

Ameriprise Financial Inc. raised its holdings in Pioneer Natural Resources (NYSE:PXD) by 8.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,679,960 shares of the oil and gas development company’s stock after purchasing an additional 127,684 shares during the quarter. Ameriprise Financial Inc. owned 0.72% of Pioneer Natural Resources worth $341,602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC increased its position in shares of Pioneer Natural Resources by 148.3% during the first quarter. Tradewinds Capital Management LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after acquiring an additional 89 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Pioneer Natural Resources by 77.4% during the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after buying an additional 65 shares during the period. Carmichael Hill & Associates Inc. boosted its position in shares of Pioneer Natural Resources by 175.0% during the first quarter. Carmichael Hill & Associates Inc. now owns 165 shares of the oil and gas development company’s stock worth $34,000 after buying an additional 105 shares during the period. HHM Wealth Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the first quarter worth $35,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Pioneer Natural Resources during the first quarter worth $36,000. Hedge funds and other institutional investors own 82.72% of the company’s stock.

Pioneer Natural Resources Trading Up 0.5 %

NYSE:PXD opened at $237.11 on Friday. The company has a market capitalization of $55.28 billion, a PE ratio of 10.11, a P/E/G ratio of 1.37 and a beta of 1.43. The stock’s 50 day moving average price is $228.67 and its 200 day moving average price is $214.43. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 0.23. Pioneer Natural Resources has a 52-week low of $177.26 and a 52-week high of $274.70.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.37. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Pioneer Natural Resources had a net margin of 28.46% and a return on equity of 25.53%. On average, research analysts anticipate that Pioneer Natural Resources will post 20.43 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th will be paid a dividend of $1.84 per share. This represents a $7.36 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Tuesday, September 5th. Pioneer Natural Resources’s dividend payout ratio is presently 21.31%.

Analysts Set New Price Targets

Several analysts have recently issued reports on PXD shares. Benchmark started coverage on shares of Pioneer Natural Resources in a research report on Wednesday, July 12th. They set a “hold” rating on the stock. UBS Group increased their price target on shares of Pioneer Natural Resources from $224.00 to $269.00 and gave the stock a “neutral” rating in a research report on Thursday, August 17th. Truist Financial upped their price objective on Pioneer Natural Resources from $196.00 to $225.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Mizuho upped their price objective on Pioneer Natural Resources from $265.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Finally, JPMorgan Chase & Co. raised Pioneer Natural Resources from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $251.00 to $264.00 in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $262.80.

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. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.