1,226 Shares in Pioneer Natural Resources (NYSE:PXD) Bought by American Trust

American Trust acquired a new stake in Pioneer Natural Resources (NYSE:PXD – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,226 shares of the oil and gas development company’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PXD. Symmetry Partners LLC increased its stake in Pioneer Natural Resources by 6.1% during the 3rd quarter. Symmetry Partners LLC now owns 5,420 shares of the oil and gas development company’s stock worth $1,174,000 after buying an additional 313 shares in the last quarter. Guardian Capital Advisors LP grew its position in shares of Pioneer Natural Resources by 296.3% in the third quarter. Guardian Capital Advisors LP now owns 11,395 shares of the oil and gas development company’s stock valued at $2,813,000 after purchasing an additional 8,520 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Pioneer Natural Resources by 106.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 169 shares of the oil and gas development company’s stock valued at $37,000 after purchasing an additional 87 shares in the last quarter. Lyell Wealth Management LP grew its position in shares of Pioneer Natural Resources by 2.6% in the third quarter. Lyell Wealth Management LP now owns 1,769 shares of the oil and gas development company’s stock valued at $383,000 after purchasing an additional 45 shares in the last quarter. Finally, IMA Wealth Inc. grew its position in shares of Pioneer Natural Resources by 7.6% in the second quarter. IMA Wealth Inc. now owns 13,969 shares of the oil and gas development company’s stock valued at $3,116,000 after purchasing an additional 989 shares in the last quarter. Hedge funds and other institutional investors own 89.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com started coverage on Pioneer Natural Resources in a research report on Thursday. They issued a “hold” rating for the company. Piper Sandler decreased their price objective on Pioneer Natural Resources from $340.00 to $322.00 and set an “overweight” rating on the stock in a report on Tuesday, March 7th. Susquehanna decreased their price objective on Pioneer Natural Resources from $286.00 to $266.00 and set a “positive” rating on the stock in a report on Monday, February 27th. Truist Financial decreased their price objective on Pioneer Natural Resources from $243.00 to $229.00 and set a “hold” rating on the stock in a report on Monday, February 27th. Finally, Citigroup decreased their price objective on Pioneer Natural Resources from $255.00 to $232.00 and set a “neutral” rating on the stock in a report on Thursday, February 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.74.

Pioneer Natural Resources Stock Down 2.4 %

Shares of NYSE PXD opened at $182.05 on Friday. The stock has a market cap of $42.78 billion, a P/E ratio of 5.86, a PEG ratio of 1.01 and a beta of 1.41. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. Pioneer Natural Resources has a 12-month low of $177.26 and a 12-month high of $288.46. The business’s fifty day simple moving average is $218.31 and its 200-day simple moving average is $232.38.

Pioneer Natural Resources (NYSE:PXD – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The oil and gas development company reported $5.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.83 by $0.08. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Pioneer Natural Resources had a return on equity of 33.15% and a net margin of 32.29%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the firm earned $4.58 earnings per share. As a group, equities analysts predict that Pioneer Natural Resources will post 22.67 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Monday, March 6th were issued a $5.58 dividend. This represents a $22.32 annualized dividend and a yield of 12.26%. The ex-dividend date was Friday, March 3rd. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 14.17%.

Pioneer Natural Resources Company Profile

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Pioneer Natural Resources Co operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses on the operation of the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997, and is headquartered in Irving, TX.