Fidelis Capital Partners LLC Grows Stock Holdings in Pioneer Natural Resources (NYSE:PXD)

Fidelis Capital Partners LLC boosted its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 27.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,420 shares of the oil and gas development company’s stock after purchasing an additional 1,167 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Pioneer Natural Resources were worth $1,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hartford Financial Management Inc. raised its stake in shares of Pioneer Natural Resources by 61.1% in the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after acquiring an additional 44 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of Pioneer Natural Resources in the third quarter valued at $29,000. Carmel Capital Partners LLC purchased a new stake in shares of Pioneer Natural Resources in the third quarter valued at $34,000. Jones Financial Companies Lllp raised its stake in shares of Pioneer Natural Resources by 85.0% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after acquiring an additional 68 shares during the period. Finally, Ancora Advisors LLC raised its stake in shares of Pioneer Natural Resources by 77.4% in the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PXD shares. Royal Bank of Canada restated a “sector perform” rating and issued a $279.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Susquehanna upped their price target on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Stifel Nicolaus cut their price target on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a report on Tuesday, January 23rd. Truist Financial upped their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Finally, Mizuho upped their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $259.00.

Insider Activity at Pioneer Natural Resources

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the sale, the executive vice president now directly owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock valued at $9,067,373 in the last three months. 0.57% of the stock is owned by insiders.

Pioneer Natural Resources Stock Up 0.1 %

Shares of PXD stock traded up $0.33 during mid-day trading on Thursday, hitting $268.12. 1,413,173 shares of the stock traded hands, compared to its average volume of 1,990,057. The stock has a market cap of $62.64 billion, a P/E ratio of 13.23 and a beta of 1.31. The stock’s fifty day moving average is $249.09 and its two-hundred day moving average is $237.70. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72.

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 the consensus estimate of $5.41 by ($0.13). The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $5.91 earnings per share. Equities analysts predict that Pioneer Natural Resources will post 21.15 EPS for the current 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 given a $2.56 dividend. This represents a $10.24 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s payout ratio is currently 24.70%.

Pioneer Natural Resources Company 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.