OLD National Bancorp IN Has $469,000 Stake in Pioneer Natural Resources (NYSE:PXD)

OLD National Bancorp IN decreased its position in shares of Pioneer Natural Resources (NYSE:PXD) by 54.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,087 shares of the oil and gas development company’s stock after selling 2,495 shares during the period. OLD National Bancorp IN’s holdings in Pioneer Natural Resources were worth $469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hartford Financial Management Inc. grew its position in 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 worth $26,000 after buying an additional 44 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of Pioneer Natural Resources in the 3rd quarter worth approximately $29,000. Carmel Capital Partners LLC bought a new stake in shares of Pioneer Natural Resources in the 3rd quarter worth approximately $34,000. Jones Financial Companies Lllp lifted its position in shares of Pioneer Natural Resources by 85.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after acquiring an additional 68 shares during the period. Finally, OLD Second National Bank of Aurora bought a new stake in shares of Pioneer Natural Resources in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PXD shares. Truist Financial raised their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Susquehanna raised their price objective on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research report on Monday. Stifel Nicolaus raised their price objective on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research report on Tuesday. Mizuho raised their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Finally, StockNews.com assumed coverage on Pioneer Natural Resources in a research report on Sunday. They set a “hold” rating for the company. Two equities 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $264.10.

Pioneer Natural Resources Trading Up 0.1 %

Shares of PXD opened at $275.52 on Thursday. The stock has a fifty day moving average price of $253.53 and a two-hundred day moving average price of $239.42. 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 52-week low of $196.74 and a 52-week high of $278.83. The company has a market cap of $64.37 billion, a price-to-earnings ratio of 13.61 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period last year, the firm earned $5.91 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts predict that Pioneer Natural Resources will post 22.11 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were paid a dividend of $2.56 per share. The ex-dividend date was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.72%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

Insiders Place Their Bets

In related news, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the sale, the director now owns 11,132 shares in the company, valued at $2,906,787.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the sale, the director now owns 11,132 shares in the company, valued at $2,906,787.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher L. Washburn sold 1,416 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the sale, the chief accounting officer now owns 4,990 shares in the company, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,766 shares of company stock worth $9,067,373. Corporate insiders own 0.57% of the company’s stock.

Pioneer Natural Resources 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.