5,372 Shares in Pioneer Natural Resources (NYSE:PXD) Bought by BTG Pactual Global Asset Management Ltd

BTG Pactual Global Asset Management Ltd acquired a new stake in Pioneer Natural Resources (NYSE:PXDFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,372 shares of the oil and gas development company’s stock, valued at approximately $1,208,000.

A number of other institutional investors have also recently bought and sold shares of the business. Banco Santander S.A. grew its position in Pioneer Natural Resources by 7.1% during 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 buying an additional 3,438 shares during the period. D.A. Davidson & CO. grew its position in shares of Pioneer Natural Resources by 5.7% during the 4th quarter. D.A. Davidson & CO. now owns 10,282 shares of the oil and gas development company’s stock valued at $2,312,000 after acquiring an additional 554 shares during the period. William Blair Investment Management LLC increased its stake in shares of Pioneer Natural Resources by 34.2% during the 3rd quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock worth $101,122,000 after purchasing an additional 112,261 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Pioneer Natural Resources by 60.3% in the 3rd quarter. Lido Advisors LLC now owns 3,154 shares of the oil and gas development company’s stock worth $724,000 after purchasing an additional 1,187 shares during the period. Finally, BCK Capital Management LP purchased a new position in Pioneer Natural Resources in the fourth quarter valued at approximately $3,132,000. Institutional investors own 80.57% of the company’s stock.

Pioneer Natural Resources Price Performance

NYSE:PXD remained flat at $269.62 during mid-day trading on Friday. The firm has a market capitalization of $63.00 billion, a PE ratio of 13.32 and a beta of 1.28. The business’s 50 day moving average is $269.25 and its 200-day moving average is $244.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 0.90. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83.

Insider Buying and Selling at Pioneer Natural Resources

In other news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $235.25, for a total value of $2,352,500.00. Following the completion of the sale, the director now owns 462,112 shares of the company’s stock, valued at approximately $108,711,848. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources 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 transaction, the director now owns 462,112 shares in the company, valued at $108,711,848. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were 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 have sold 36,766 shares of company stock worth $9,067,373 over the last ninety days. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. StockNews.com started coverage on Pioneer Natural Resources in a research note on Friday. They issued a “hold” rating on the stock. Truist Financial upped their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Susquehanna lifted their target price on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Finally, Scotiabank upped their price target on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Pioneer Natural Resources presently has an average rating of “Hold” and a consensus target price of $264.10.

Check Out Our Latest Analysis on PXD

Pioneer Natural Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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