Fisher Asset Management LLC Grows Stake in Pioneer Natural Resources (NYSE:PXD)

Fisher Asset Management LLC increased its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,426 shares of the oil and gas development company’s stock after purchasing an additional 198 shares during the quarter. Fisher Asset Management LLC’s holdings in Pioneer Natural Resources were worth $18,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PXD. Vanguard Group Inc. increased its position in Pioneer Natural Resources by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 20,015,751 shares of the oil and gas development company’s stock valued at $4,594,616,000 after acquiring an additional 113,751 shares during the period. Clearbridge Investments LLC raised its stake in shares of Pioneer Natural Resources by 7.6% during the third quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock worth $748,271,000 after purchasing an additional 231,470 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Pioneer Natural Resources by 2.2% during the third quarter. Northern Trust Corp now owns 2,497,868 shares of the oil and gas development company’s stock worth $573,386,000 after purchasing an additional 54,841 shares during the period. Ameriprise Financial Inc. grew its position in Pioneer Natural Resources by 7.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,923,819 shares of the oil and gas development company’s stock valued at $443,574,000 after buying an additional 134,982 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Pioneer Natural Resources by 11.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,637,919 shares of the oil and gas development company’s stock valued at $368,335,000 after buying an additional 165,560 shares during the period. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Natural Resources Trading Up 0.7 %

Pioneer Natural Resources stock opened at $269.62 on Monday. The stock has a 50-day moving average price of $258.94 and a 200 day moving average price of $240.66. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20. The stock has a market cap of $63.00 billion, a PE ratio of 13.32 and a beta of 1.28. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing the consensus estimate of $5.41 by ($0.13). The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 21.21% and a net margin of 24.28%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $5.91 earnings per share. Equities research analysts predict that Pioneer Natural Resources will post 22.07 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were issued a $2.56 dividend. This represents a $10.24 annualized dividend and a yield of 3.80%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is 24.70%.

Insider Activity

In related news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 directly owns 49,856 shares in the company, valued at $11,683,753.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction 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 directly owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $522,240.00. Following the sale, the director now owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock valued at $9,067,373 in the last 90 days. 0.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of 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. StockNews.com initiated coverage on Pioneer Natural Resources in a research report on Monday, April 29th. They set a “hold” rating on the stock. Susquehanna lifted their price target on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Truist Financial upped their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Finally, Stifel Nicolaus raised their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $264.10.

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.