Robeco Institutional Asset Management B.V. Has $86,000 Position in Pioneer Natural Resources (NYSE:PXD)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 79.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 38,822 shares of the oil and gas development company’s stock after selling 149,032 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Pioneer Natural Resources were worth $86,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PXD. Banco Santander S.A. boosted its holdings in shares of Pioneer Natural Resources by 7.1% during the third quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock worth $11,847,000 after acquiring an additional 3,438 shares during the period. William Blair Investment Management LLC grew its holdings in Pioneer Natural Resources by 34.2% in the 3rd 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 buying an additional 112,261 shares in the last quarter. Lido Advisors LLC increased its position in Pioneer Natural Resources by 60.3% during the 3rd quarter. Lido Advisors LLC now owns 3,154 shares of the oil and gas development company’s stock worth $724,000 after buying an additional 1,187 shares during the period. BCK Capital Management LP acquired a new stake in shares of Pioneer Natural Resources during the fourth quarter worth $3,132,000. Finally, International Assets Investment Management LLC boosted its position in shares of Pioneer Natural Resources by 20,425.9% in the fourth quarter. International Assets Investment Management LLC now owns 302,757 shares of the oil and gas development company’s stock valued at $68,084,000 after acquiring an additional 301,282 shares during the period. Institutional investors own 80.57% of the company’s stock.

Analyst Upgrades and Downgrades

PXD has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a research report on Thursday. They set a “hold” rating on the stock. Susquehanna lifted their price target 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. Royal Bank of Canada reissued a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Scotiabank lifted their price objective on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, 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. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $264.10.

Insiders Place Their Bets

In other news, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction on 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 $2,906,787.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 49,856 shares of the company’s stock, valued at $11,683,753.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of 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. Insiders have sold 36,766 shares of company stock valued at $9,067,373 in the last ninety days. 0.55% of the stock is currently owned by insiders.

Pioneer Natural Resources Stock Performance

Shares of PXD stock opened at $269.62 on Friday. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83. The stock’s fifty day simple moving average is $267.71 and its 200 day simple moving average is $243.45. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. The firm 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 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). Pioneer Natural Resources had a return on equity of 21.21% and a net margin of 24.28%. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the firm posted $5.91 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Pioneer Natural Resources will post 22.07 EPS for the current fiscal year.

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.