Koshinski Asset Management Inc. Purchases 105 Shares of Pioneer Natural Resources (NYSE:PXD)

Koshinski Asset Management Inc. lifted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,395 shares of the oil and gas development company’s stock after acquiring an additional 105 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Pioneer Natural Resources were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dai ichi Life Insurance Company Ltd increased its holdings in 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 valued at $4,839,000 after purchasing an additional 6,589 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Pioneer Natural Resources by 610.6% in the third 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 purchasing an additional 531,418 shares during the last quarter. Banco Santander S.A. increased its holdings in Pioneer Natural Resources by 7.1% in the third 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 last quarter. SCP Investment LP increased its holdings in 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 valued at $413,000 after purchasing an additional 800 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in Pioneer Natural Resources by 34.2% in the third 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 purchasing an additional 112,261 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

Insider Transactions at Pioneer Natural Resources

In other news, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the transaction, the executive vice president now owns 49,856 shares in the company, valued at $11,683,753.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the transaction, 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. Also, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,766 shares of company stock worth $9,067,373. Company insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Stock Performance

PXD opened at $269.01 on Tuesday. Pioneer Natural Resources has a 12-month low of $196.74 and a 12-month high of $278.83. The stock has a market cap of $62.85 billion, a price-to-earnings ratio of 13.29 and a beta of 1.31. The business has a 50 day moving average of $247.51 and a 200-day moving average of $237.22. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data 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 25.28% and a return on equity of 22.42%. The business 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 business earned $5.91 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts expect that Pioneer Natural Resources will post 20.88 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were given a $2.56 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.81%. Pioneer Natural Resources’s payout ratio is 24.70%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PXD. Susquehanna upped their price objective on Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Mizuho increased their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Truist Financial increased their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Scotiabank increased their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, StockNews.com assumed coverage on Pioneer Natural Resources in a report on Saturday. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Pioneer Natural Resources currently has an average rating of “Hold” and an average target price of $259.00.

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.