Schwartz Investment Counsel Inc. Lowers Stock Holdings in Pioneer Natural Resources (NYSE:PXD)

Schwartz Investment Counsel Inc. lessened its holdings in Pioneer Natural Resources (NYSE:PXD - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 286,360 shares of the oil and gas development company's stock after selling 11,400 shares during the period. Pioneer Natural Resources comprises approximately 2.5% of Schwartz Investment Counsel Inc.'s holdings, making the stock its 12th biggest position. Schwartz Investment Counsel Inc. owned approximately 0.12% of Pioneer Natural Resources worth $64,397,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BluePath Capital Management LLC bought a new stake in Pioneer Natural Resources during the 3rd quarter worth approximately $29,000. Ancora Advisors LLC raised its stake in Pioneer Natural Resources by 77.4% during the 1st quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company's stock worth $30,000 after acquiring an additional 65 shares during the period. DecisionPoint Financial LLC bought a new stake in Pioneer Natural Resources during the 2nd quarter worth approximately $34,000. Carmel Capital Partners LLC bought a new stake in Pioneer Natural Resources during the 3rd quarter worth approximately $34,000. Finally, Jones Financial Companies Lllp raised its stake in Pioneer Natural Resources by 85.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company's stock worth $34,000 after acquiring an additional 68 shares during the period. Institutional investors own 80.57% of the company's stock.

Insider Activity at Pioneer Natural Resources

In related news, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the completion of the sale, the director now directly owns 462,112 shares in the company, valued at $108,711,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Pioneer Natural Resources news, Director J Kenneth Thompson sold 1,000 shares of Pioneer Natural Resources stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the transaction, the director now owns 16,070 shares in the company, valued at $4,017,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $235.25, for a total value of $2,352,500.00. Following the completion of the transaction, 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 sold 36,766 shares of company stock worth $9,067,373 over the last three months. 0.55% of the stock is owned by corporate insiders.

Pioneer Natural Resources Trading Up 0.7 %

Shares of NYSE:PXD traded up $1.77 on Tuesday, hitting $272.28. 1,239,635 shares of the company's stock were exchanged, compared to its average volume of 2,040,697. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $274.67. The stock has a market capitalization of $63.61 billion, a price-to-earnings ratio of 13.37 and a beta of 1.31. The business's 50 day simple moving average is $243.19 and its two-hundred day simple moving average is $235.69. 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 - Get Free Report) last released its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $5.91 earnings per share. Analysts anticipate that Pioneer Natural Resources will post 20.7 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a $2.56 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.76%. Pioneer Natural Resources's payout ratio is currently 24.70%.

Wall Street Analyst Weigh In

PXD has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a report on Friday. They set a "hold" rating for the company. Susquehanna raised their target price on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a "neutral" rating in a report on Monday, March 4th. UBS Group cut their target price on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a "neutral" rating for the company in a report on Thursday, December 14th. Mizuho raised their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a "neutral" rating in a report on Tuesday, March 19th. Finally, Truist Financial raised their target price on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a "hold" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Pioneer Natural Resources presently has an average rating of "Hold" and a consensus target price of $256.90.

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.