Syon Capital LLC Acquires 969 Shares of Pioneer Natural Resources (NYSE:PXD)

Syon Capital LLC boosted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 40.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,352 shares of the oil and gas development company’s stock after acquiring an additional 969 shares during the period. Syon Capital LLC’s holdings in Pioneer Natural Resources were worth $754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PXD. Hartford Financial Management Inc. raised its position in shares of Pioneer Natural Resources by 61.1% during 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 buying an additional 44 shares during the last quarter. BluePath Capital Management LLC acquired a new position in Pioneer Natural Resources in the third quarter worth about $29,000. Carmel Capital Partners LLC acquired a new position in Pioneer Natural Resources in the third quarter worth about $34,000. Jones Financial Companies Lllp raised its position in 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 worth $34,000 after purchasing an additional 68 shares in the last quarter. Finally, OLD Second National Bank of Aurora acquired a new position in Pioneer Natural Resources in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PXD shares. Susquehanna increased their price target on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research report on Monday. Mizuho upped their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Truist Financial upped their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Finally, Scotiabank upped their price objective 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. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $264.10.

Pioneer Natural Resources Trading Down 2.3 %

PXD traded down $6.28 during mid-day trading on Friday, hitting $268.87. The stock had a trading volume of 2,038,669 shares, compared to its average volume of 1,993,332. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year 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. The stock’s fifty day simple moving average is $254.41 and its 200-day simple moving average is $239.67. The firm has a market capitalization of $62.81 billion, a price-to-earnings ratio of 13.36 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the previous year, the business earned $5.91 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that Pioneer Natural Resources will post 22.47 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 22nd. Investors of record on Monday, March 4th were given a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 24.70%.

Insider Activity at Pioneer Natural Resources

In related news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the transaction, the director now owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources 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 completion of the transaction, the director now owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,766 shares of company stock valued at $9,067,373. Corporate 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.