Pioneer Natural Resources (NYSE:PXD) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC trimmed its position in Pioneer Natural Resources (NYSE:PXD) by 46.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,068 shares of the oil and gas development company’s stock after selling 3,546 shares during the period. Sargent Investment Group LLC’s holdings in Pioneer Natural Resources were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. grew its stake in Pioneer Natural Resources by 61.1% during the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after purchasing an additional 44 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Pioneer Natural Resources during the third quarter worth about $29,000. Carmel Capital Partners LLC purchased a new stake in Pioneer Natural Resources in the third quarter valued at approximately $34,000. Jones Financial Companies Lllp increased its holdings in Pioneer Natural Resources by 85.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after buying an additional 68 shares during the period. Finally, OLD Second National Bank of Aurora purchased a new position in Pioneer Natural Resources during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Insider Transactions at Pioneer Natural Resources

In related news, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 49,856 shares of the company’s stock, 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 other news, Director J Kenneth Thompson sold 1,000 shares of Pioneer Natural Resources stock in a transaction on Friday, March 15th. The stock was sold at an average price of $250.00, for a total transaction of $250,000.00. Following the transaction, the director now owns 16,070 shares in the company, valued at approximately $4,017,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of the business’s 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 transaction, 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 have sold a total of 36,766 shares of company stock worth $9,067,373 in the last ninety days. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Truist Financial lifted their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Stifel Nicolaus upped their price objective on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Susquehanna lifted their target price on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Mizuho boosted their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Two 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $264.10.

Pioneer Natural Resources Price Performance

PXD stock traded down $6.28 during midday trading on Friday, reaching $268.87. The stock had a trading volume of 2,059,204 shares, compared to its average volume of 1,564,386. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $255.15 and its 200 day simple moving average is $239.92. The company has a market cap of $62.81 billion, a price-to-earnings ratio of 13.28 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results 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). The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. Pioneer Natural Resources’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $5.91 earnings per share. As a group, sell-side analysts predict that Pioneer Natural Resources will post 22.47 earnings per share 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. Shareholders of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is 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.