Graypoint LLC Purchases 271 Shares of Pioneer Natural Resources (NYSE:PXD)

Graypoint LLC grew its position in shares of Pioneer Natural Resources (NYSE:PXD) by 18.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,734 shares of the oil and gas development company’s stock after buying an additional 271 shares during the quarter. Graypoint LLC’s holdings in Pioneer Natural Resources were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PXD. Dai ichi Life Insurance Company Ltd increased its holdings in shares of Pioneer Natural Resources by 45.5% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company’s stock valued at $4,839,000 after purchasing an additional 6,589 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Pioneer Natural Resources by 610.6% in the third quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock valued at $141,965,000 after purchasing an additional 531,418 shares in the last quarter. Banco Santander S.A. increased its holdings in shares of Pioneer Natural Resources by 7.1% in the third quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock valued at $11,847,000 after purchasing an additional 3,438 shares in the last quarter. SCP Investment LP increased its holdings in shares of Pioneer Natural Resources by 80.0% in the third quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock valued at $413,000 after purchasing an additional 800 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Pioneer Natural Resources by 34.2% in the third quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock valued at $101,122,000 after purchasing an additional 112,261 shares in the last quarter. 80.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PXD shares. Truist Financial raised their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Mizuho lifted their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Stifel Nicolaus lowered their target price on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company in a report on Tuesday, January 23rd. Scotiabank lifted their target price on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, StockNews.com began coverage on shares of Pioneer Natural Resources in a report on Saturday. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Pioneer Natural Resources presently has an average rating of “Hold” and an average price target of $259.00.

Insider Buying and Selling at Pioneer Natural Resources

In other news, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the completion of the transaction, the director now directly owns 462,112 shares in the company, valued at approximately $108,711,848. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the completion of the sale, the director now directly owns 462,112 shares in the company, valued at $108,711,848. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of the transaction, the executive vice president now directly owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 over the last 90 days. Company insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Stock Down 1.4 %

Shares of PXD stock opened at $270.80 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $278.83. The firm’s fifty day moving average price is $246.65 and its two-hundred day moving average price is $236.97. The firm has a market capitalization of $63.26 billion, a P/E ratio of 13.38 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.41 by ($0.13). The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.91 earnings per share. On average, equities analysts predict that Pioneer Natural Resources will post 20.88 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were given a dividend of $2.56 per share. This represents a $10.24 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

About Pioneer Natural Resources

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. The company was founded in 1997 and is headquartered in Irving, Texas.