J.W. Cole Advisors Inc. Grows Stake in Pioneer Natural Resources (NYSE:PXD)

J.W. Cole Advisors Inc. lifted its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,829 shares of the oil and gas development company’s stock after purchasing an additional 549 shares during the period. J.W. Cole Advisors Inc.’s holdings in Pioneer Natural Resources were worth $3,784,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PXD. T. Rowe Price Investment Management Inc. grew its stake in shares of Pioneer Natural Resources by 46.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,242,203 shares of the oil and gas development company’s stock worth $968,877,000 after acquiring an additional 1,343,601 shares during the period. Moneta Group Investment Advisors LLC boosted its position in Pioneer Natural Resources by 75,598.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 996,195 shares of the oil and gas development company’s stock worth $227,521,000 after purchasing an additional 994,879 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Pioneer Natural Resources by 25.7% in the third quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company’s stock worth $743,734,000 after purchasing an additional 662,891 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Pioneer Natural Resources in the third quarter valued at approximately $134,558,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of 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 valued at $141,965,000 after buying an additional 531,418 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PXD shares. Susquehanna boosted their target price on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Truist Financial increased their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Mizuho lifted their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $279.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Finally, Stifel Nicolaus reduced their price objective on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pioneer Natural Resources currently has an average rating of “Hold” and an average price target of $259.00.

Insider Activity at Pioneer Natural Resources

In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now owns 462,112 shares in the company, valued at $108,711,848. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now directly owns 462,112 shares of the company’s stock, valued at $108,711,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the transaction, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock valued at $9,067,373 in the last three months. Company insiders own 0.57% of the company’s stock.

Pioneer Natural Resources Trading Up 0.9 %

Shares of PXD traded up $2.34 during trading hours on Friday, reaching $270.31. 2,900,079 shares of the company traded hands, compared to its average volume of 1,359,799. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is $250.68 and its two-hundred day moving average price is $238.23. The company has a market capitalization of $63.15 billion, a price-to-earnings ratio of 13.35 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly 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 firm 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 25.28% and a return on equity of 22.42%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.91 earnings per share. Equities research analysts predict that Pioneer Natural Resources will post 21.5 earnings per share 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. Investors of record on Monday, March 4th were paid a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.79%. Pioneer Natural Resources’s payout ratio is 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.