150 Shares in Pioneer Natural Resources (NYSE:PXD) Bought by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora bought a new position in shares of Pioneer Natural Resources (NYSE:PXD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 150 shares of the oil and gas development company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Pioneer Natural Resources by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 20,015,751 shares of the oil and gas development company’s stock valued at $4,594,616,000 after buying an additional 113,751 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Pioneer Natural Resources by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 4,337,964 shares of the oil and gas development company’s stock worth $884,893,000 after acquiring an additional 149,026 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Pioneer Natural Resources by 46.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,242,203 shares of the oil and gas development company’s stock valued at $968,877,000 after buying an additional 1,343,601 shares during the last quarter. Clearbridge Investments LLC increased its stake in Pioneer Natural Resources by 7.6% in the 3rd quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock valued at $748,271,000 after buying an additional 231,470 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Pioneer Natural Resources by 25.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company’s stock valued at $743,734,000 after buying an additional 662,891 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on PXD shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $279.00 price target on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Susquehanna lifted their price target on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Scotiabank boosted 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. Truist Financial boosted 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, StockNews.com started coverage on shares of Pioneer Natural Resources in a research note on Saturday, April 13th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $259.00.

Insider Transactions at Pioneer Natural Resources

In other news, CAO Christopher L. Washburn sold 1,416 shares of the company’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 sale, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the completion of the transaction, the director now directly owns 462,112 shares in the company, valued at approximately $108,711,848. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total transaction of $369,505.20. Following the transaction, 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. In the last 90 days, insiders sold 36,766 shares of company stock valued at $9,067,373. Company insiders own 0.57% of the company’s stock.

Pioneer Natural Resources Stock Performance

NYSE PXD opened at $268.12 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $62.64 billion, a P/E ratio of 13.25 and a beta of 1.31. Pioneer Natural Resources has a 12-month low of $196.74 and a 12-month high of $278.83. The firm has a 50-day moving average price of $249.82 and a two-hundred day moving average price of $237.91.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data 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 business had revenue of $5.22 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $5.91 EPS. Analysts anticipate that Pioneer Natural Resources will post 21.15 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were issued a dividend of $2.56 per share. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

About Pioneer Natural Resources

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.