Pioneer Natural Resources (NYSE:PXD) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its holdings in shares of Pioneer Natural Resources (NYSE:PXDFree Report) by 81.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 268 shares of the oil and gas development company’s stock after purchasing an additional 120 shares during the quarter. Jones Financial Companies Lllp’s holdings in Pioneer Natural Resources were worth $60,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PXD. Hartford Financial Management Inc. increased its stake in shares of Pioneer Natural Resources by 61.1% in the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after buying an additional 44 shares during the last quarter. Sachetta LLC acquired a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at about $27,000. OLD Second National Bank of Aurora acquired a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at about $34,000. Criterion Capital Advisors LLC bought a new position in shares of Pioneer Natural Resources during the fourth quarter worth about $37,000. Finally, Fortitude Family Office LLC acquired a new position in Pioneer Natural Resources in the fourth quarter worth about $39,000. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Pioneer Natural Resources Price Performance

Shares of PXD opened at $269.62 on Friday. The firm 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 debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 0.90. The stock’s fifty day moving average is $270.07 and its 200-day moving average is $245.58. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $278.83.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PXD shares. Truist Financial increased their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. StockNews.com initiated coverage on Pioneer Natural Resources in a research note on Friday, May 31st. They set a “hold” rating on the stock. Stifel Nicolaus increased their target price on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Scotiabank raised their price target on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Susquehanna boosted their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $264.10.

Get Our Latest Analysis on PXD

Insiders Place Their Bets

In other news, Director Scott D. Sheffield sold 7,500 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $252.33, for a total value of $1,892,475.00. Following the completion of the transaction, the director now directly owns 447,112 shares in the company, valued at $112,819,770.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Scott D. Sheffield sold 7,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $252.33, for a total transaction of $1,892,475.00. Following the completion of the transaction, the director now owns 447,112 shares of the company’s stock, valued at $112,819,770.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the transaction, the director now directly owns 11,132 shares in the company, valued at $2,906,787.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,266 shares of company stock worth $5,894,648. 0.55% of the stock is owned by corporate insiders.

Pioneer Natural Resources Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.