International Assets Investment Management LLC Boosts Holdings in Pioneer Natural Resources (NYSE:PXD)

International Assets Investment Management LLC raised its stake in shares of Pioneer Natural Resources (NYSE:PXD - Free Report) by 20,425.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 302,757 shares of the oil and gas development company's stock after purchasing an additional 301,282 shares during the period. International Assets Investment Management LLC owned 0.13% of Pioneer Natural Resources worth $68,084,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Clear Creek Financial Management LLC raised its position in Pioneer Natural Resources by 12.1% during the 4th quarter. Clear Creek Financial Management LLC now owns 1,149 shares of the oil and gas development company's stock worth $258,000 after purchasing an additional 124 shares during the last quarter. Ballentine Partners LLC grew its holdings in Pioneer Natural Resources by 8.9% during the 4th quarter. Ballentine Partners LLC now owns 1,064 shares of the oil and gas development company's stock worth $239,000 after acquiring an additional 87 shares during the period. Trust Point Inc. acquired a new stake in Pioneer Natural Resources during the 4th quarter worth about $388,000. Webster Bank N. A. acquired a new stake in Pioneer Natural Resources during the 4th quarter worth about $67,000. Finally, Independence Bank of Kentucky grew its holdings in Pioneer Natural Resources by 1,526.7% during the 4th quarter. Independence Bank of Kentucky now owns 2,440 shares of the oil and gas development company's stock worth $549,000 after acquiring an additional 2,290 shares during the period. 80.57% of the stock is owned by institutional investors.

Insider Activity at Pioneer Natural Resources

In related news, Director Scott D. Sheffield sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 462,112 shares in the company, valued at $108,711,848. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the sale, the chief accounting officer now owns 4,990 shares in the company, valued at $1,302,140.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott D. Sheffield sold 10,000 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the completion of the sale, the director now owns 462,112 shares in the company, valued at approximately $108,711,848. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 over the last 90 days. 0.57% of the stock is owned by company insiders.

Pioneer Natural Resources Trading Up 1.1 %

Pioneer Natural Resources stock traded up $2.94 during mid-day trading on Friday, hitting $272.78. The company's stock had a trading volume of 1,869,702 shares, compared to its average volume of 1,564,581. 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 has a market cap of $63.73 billion, a price-to-earnings ratio of 13.48 and a beta of 1.31. The business has a 50 day moving average price of $242.39 and a 200-day moving average price of $235.35. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $274.67.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last issued 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 firm had revenue of $5.22 billion for 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 was up 2.1% on a year-over-year basis. During the same period last year, the company posted $5.91 earnings per share. As a group, analysts forecast that Pioneer Natural Resources will post 20.7 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business 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 3.75%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources's dividend payout ratio is currently 24.70%.

Wall Street Analyst Weigh In

PXD has been the subject of a number of recent analyst reports. Truist Financial increased their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a "hold" rating in a report on Friday. Susquehanna lifted 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 lowered 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. StockNews.com assumed coverage on shares of Pioneer Natural Resources in a report on Friday. They issued a "hold" rating on the stock. Finally, Mizuho lifted their price objective 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. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Pioneer Natural Resources currently has an average rating of "Hold" and an average target price of $256.90.

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.