Lindbrook Capital LLC Grows Holdings in Pioneer Natural Resources (NYSE:PXD)

Lindbrook Capital LLC raised its position in Pioneer Natural Resources (NYSE:PXD) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,101 shares of the oil and gas development company’s stock after buying an additional 74 shares during the period. Lindbrook Capital LLC’s holdings in Pioneer Natural Resources were worth $248,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of PXD. Hartford Financial Management Inc. increased its position in shares of Pioneer Natural Resources by 61.1% during the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after acquiring an additional 44 shares during the last quarter. BluePath Capital Management LLC bought a new position in Pioneer Natural Resources in the 3rd quarter valued at $29,000. Carmel Capital Partners LLC purchased a new stake in shares of Pioneer Natural Resources during the 3rd quarter valued at $34,000. Jones Financial Companies Lllp increased its position in shares of Pioneer Natural Resources by 85.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. Finally, OLD Second National Bank of Aurora bought a new stake in shares of Pioneer Natural Resources during the 4th quarter worth $34,000. Institutional investors own 80.57% of the company’s stock.

Analyst Ratings Changes

PXD has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 23rd. Mizuho lifted their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Truist Financial boosted their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Finally, 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 research note on Thursday, April 11th. Two 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. Based on data from MarketBeat, Pioneer Natural Resources has an average rating of “Hold” and a consensus price target of $261.55.

Pioneer Natural Resources Trading Up 1.1 %

Pioneer Natural Resources stock opened at $273.38 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The stock has a market cap of $63.87 billion, a P/E ratio of 13.51 and a beta of 1.31. The firm’s fifty day moving average price is $251.56 and its 200-day moving average price is $238.90.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. Pioneer Natural Resources’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.91 earnings per share. Equities research analysts forecast that Pioneer Natural Resources will post 21.5 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were given 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 3.75%. Pioneer Natural Resources’s payout ratio is presently 24.70%.

Insider Buying and Selling at Pioneer Natural Resources

In other news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $11,683,753.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was 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 in the company, valued at $11,683,753.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 462,112 shares of the company’s stock, valued at $108,711,848. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock worth $9,067,373 over the last three months. 0.55% of the stock is owned by insiders.

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.