Metis Global Partners LLC Lowers Holdings in Pioneer Natural Resources (NYSE:PXD)

Metis Global Partners LLC lowered its holdings in Pioneer Natural Resources (NYSE:PXD) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,993 shares of the oil and gas development company’s stock after selling 590 shares during the quarter. Metis Global Partners LLC’s holdings in Pioneer Natural Resources were worth $2,022,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PXD. Vanguard Group Inc. lifted its position in Pioneer Natural Resources by 0.6% in the third quarter. Vanguard Group Inc. now owns 20,015,751 shares of the oil and gas development company’s stock valued at $4,594,616,000 after buying an additional 113,751 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Pioneer Natural Resources by 7.6% in the 3rd quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock worth $748,271,000 after acquiring an additional 231,470 shares during the last quarter. Northern Trust Corp boosted its position in shares of Pioneer Natural Resources by 2.2% during the 3rd quarter. Northern Trust Corp now owns 2,497,868 shares of the oil and gas development company’s stock worth $573,386,000 after purchasing an additional 54,841 shares during the period. Ameriprise Financial Inc. lifted its stake in Pioneer Natural Resources by 7.5% during the third quarter. Ameriprise Financial Inc. now owns 1,923,819 shares of the oil and gas development company’s stock worth $443,574,000 after purchasing an additional 134,982 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Pioneer Natural Resources by 11.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,637,919 shares of the oil and gas development company’s stock worth $368,335,000 after buying an additional 165,560 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Pioneer Natural Resources Stock Performance

Shares of Pioneer Natural Resources stock opened at $269.62 on Tuesday. The company’s fifty day moving average is $259.65 and its two-hundred day moving average is $240.76. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $278.83. 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 company has a market capitalization of $63.00 billion, a P/E ratio of 13.32 and a beta of 1.28.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the firm posted $5.91 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that Pioneer Natural Resources will post 22.07 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a dividend of $2.56 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 annualized dividend and a yield of 3.80%. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial boosted their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Scotiabank boosted 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 note on Thursday, April 11th. StockNews.com started coverage on shares of Pioneer Natural Resources in a research note on Tuesday. They issued a “hold” rating for the company. Susquehanna upped their target price on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Finally, Stifel Nicolaus raised their price target on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $264.10.

Insider Transactions at Pioneer Natural Resources

In related news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the sale, the executive vice president now owns 49,856 shares of the company’s stock, valued at $11,683,753.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the company’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 sale, the executive vice president now owns 49,856 shares of the company’s stock, valued at $11,683,753.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources 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 transaction, the director now directly owns 462,112 shares of the company’s stock, valued at approximately $108,711,848. The disclosure for this sale can be found here. In the last three months, insiders sold 36,766 shares of company stock valued at $9,067,373. Corporate insiders own 0.55% of the company’s stock.

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.