Sapient Capital LLC Makes New $11.84 Million Investment in Pioneer Natural Resources (NYSE:PXD)

Sapient Capital LLC bought a new position in shares of Pioneer Natural Resources (NYSE:PXD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 52,629 shares of the oil and gas development company's stock, valued at approximately $11,835,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Seelaus Asset Management LLC acquired a new stake in shares of Pioneer Natural Resources during the 4th quarter worth approximately $248,000. Custom Index Systems LLC purchased a new stake in Pioneer Natural Resources during the fourth quarter worth $363,000. Aspiriant LLC acquired a new stake in Pioneer Natural Resources during the fourth quarter valued at $204,000. Vivid Wealth Management LLC acquired a new stake in Pioneer Natural Resources during the fourth quarter valued at $685,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Pioneer Natural Resources in the fourth quarter valued at $143,000. 80.57% of the stock is owned by institutional investors and hedge funds.

Pioneer Natural Resources Trading Down 0.2 %

NYSE:PXD traded down $0.62 during trading hours on Thursday, hitting $274.70. The company had a trading volume of 1,494,691 shares, compared to its average volume of 2,021,484. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $275.83. The company has a market cap of $64.18 billion, a P/E ratio of 13.42 and a beta of 1.31. The company has a 50-day moving average of $244.87 and a 200 day moving average of $236.31. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last announced its quarterly 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). Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the firm posted $5.91 EPS. The company's revenue was up 2.1% compared to the same quarter last year. Sell-side analysts expect that Pioneer Natural Resources will post 20.7 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 paid a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.73%. Pioneer Natural Resources's dividend payout ratio (DPR) is 24.70%.

Insider Transactions at Pioneer Natural Resources

In other news, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources 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 sale, the chief accounting officer now owns 4,990 shares of the company's stock, valued at approximately $1,302,140.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 4,990 shares in the company, valued at approximately $1,302,140.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the director now owns 462,112 shares in the company, valued at $108,711,848. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock worth $9,067,373 in the last 90 days. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their target price 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. UBS Group dropped their price objective on Pioneer Natural Resources from $269.00 to $250.00 and set a "neutral" rating on the stock in a report on Thursday, December 14th. StockNews.com started coverage on Pioneer Natural Resources in a research report on Friday, April 5th. They issued a "hold" rating for the company. Mizuho increased their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a "neutral" rating in a research report on Tuesday, March 19th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $279.00 price target on shares of Pioneer Natural Resources in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $259.00.

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.