Vestmark Advisory Solutions Inc. Lowers Stock Holdings in Pioneer Natural Resources (NYSE:PXD)

Vestmark Advisory Solutions Inc. lowered its position in shares of Pioneer Natural Resources (NYSE:PXD) by 29.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,325 shares of the oil and gas development company’s stock after selling 3,921 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Pioneer Natural Resources were worth $2,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. boosted its stake in Pioneer Natural Resources by 3.5% during the third quarter. Stratos Wealth Partners LTD. now owns 5,932 shares of the oil and gas development company’s stock valued at $1,362,000 after buying an additional 201 shares during the period. Stratos Wealth Advisors LLC boosted its position in shares of Pioneer Natural Resources by 3.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,029 shares of the oil and gas development company’s stock valued at $466,000 after acquiring an additional 59 shares during the last quarter. NorthRock Partners LLC purchased a new position in shares of Pioneer Natural Resources during the third quarter worth about $212,000. Chicago Capital LLC increased its position in shares of Pioneer Natural Resources by 9.1% in the third quarter. Chicago Capital LLC now owns 1,196 shares of the oil and gas development company’s stock worth $275,000 after purchasing an additional 100 shares during the last quarter. Finally, WealthShield Partners LLC raised its stake in Pioneer Natural Resources by 3.9% in the third quarter. WealthShield Partners LLC now owns 4,101 shares of the oil and gas development company’s stock valued at $941,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Susquehanna raised their price target on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Mizuho upped their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. StockNews.com assumed coverage on Pioneer Natural Resources in a report on Monday, April 29th. They set a “hold” rating on the stock. Finally, Scotiabank upped their target price 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 investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $264.10.

Pioneer Natural Resources Stock Performance

Pioneer Natural Resources stock remained flat at $269.62 during mid-day trading on Friday. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year high of $278.83. The firm has a market cap of $62.99 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. The stock has a fifty day moving average of $258.94 and a 200 day moving average of $240.84. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The firm 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%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.91 EPS. Research analysts expect that Pioneer Natural Resources will post 22.07 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

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

Insider Buying and Selling

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the completion of the sale, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Mark H. Kleinman sold 3,500 shares of the firm’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 sale, the executive vice president now owns 49,856 shares in the company, valued at $11,683,753.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the sale, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock worth $9,067,373 in the last three months. 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.