Fisher Asset Management LLC Has $18.09 Million Stock Position in Pioneer Natural Resources (NYSE:PXD)

Fisher Asset Management LLC increased its position in shares of Pioneer Natural Resources (NYSE:PXD) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,426 shares of the oil and gas development company’s stock after acquiring an additional 198 shares during the quarter. Fisher Asset Management LLC’s holdings in Pioneer Natural Resources were worth $18,086,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dai ichi Life Insurance Company Ltd boosted its position 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 worth $4,839,000 after buying an additional 6,589 shares during the period. Assenagon Asset Management S.A. boosted its position in Pioneer Natural Resources by 610.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock worth $141,965,000 after acquiring an additional 531,418 shares during the period. Banco Santander S.A. increased its holdings in shares of Pioneer Natural Resources by 7.1% in the 3rd 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 during the period. SCP Investment LP lifted its position 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 worth $413,000 after purchasing an additional 800 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Pioneer Natural Resources by 34.2% during the third quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock worth $101,122,000 after purchasing an additional 112,261 shares during the period. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Scotiabank upped their price objective on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Mizuho boosted their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Susquehanna upped their target price on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, Truist Financial lifted their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $264.10.

Insider Activity at Pioneer Natural Resources

In other news, Director Phillip A. Gobe sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the transaction, the director now owns 11,132 shares in the company, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Phillip A. Gobe sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the sale, the director now directly owns 11,132 shares in the company, valued at $2,906,787.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was 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 of the company’s stock, valued at $11,683,753.60. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock worth $9,067,373 in the last ninety days. 0.55% of the stock is currently owned by insiders.

Pioneer Natural Resources Stock Up 0.7 %

PXD stock opened at $269.62 on Monday. The stock has a market capitalization of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. The company has a 50-day moving average of $258.94 and a two-hundred day moving average of $240.66. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.90 and a quick ratio of 0.76.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. Pioneer Natural Resources’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.91 EPS. As a group, equities research analysts anticipate that Pioneer Natural Resources will post 22.07 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors 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 3.80%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 24.70%.

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