Pioneer Natural Resources (NYSE:PXD) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its holdings in shares of Pioneer Natural Resources (NYSE:PXD - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 487,521 shares of the oil and gas development company's stock after selling 25,073 shares during the period. Pioneer Natural Resources accounts for 5.0% of Ingalls & Snyder LLC's portfolio, making the stock its 2nd largest position. Ingalls & Snyder LLC owned 0.21% of Pioneer Natural Resources worth $109,634,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PXD. Fairfield Bush & CO. acquired a new position in shares of Pioneer Natural Resources in the 1st quarter valued at $42,000. Cetera Advisor Networks LLC grew its holdings in shares of Pioneer Natural Resources by 59.5% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,074 shares of the oil and gas development company's stock valued at $519,000 after buying an additional 774 shares during the period. Cetera Investment Advisers grew its holdings in shares of Pioneer Natural Resources by 52.1% in the 1st quarter. Cetera Investment Advisers now owns 3,249 shares of the oil and gas development company's stock valued at $812,000 after buying an additional 1,113 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Pioneer Natural Resources by 22.6% in the 1st quarter. Baird Financial Group Inc. now owns 108,614 shares of the oil and gas development company's stock valued at $27,157,000 after buying an additional 20,023 shares during the period. Finally, Mather Group LLC. grew its holdings in shares of Pioneer Natural Resources by 35.9% in the 1st quarter. Mather Group LLC. now owns 3,430 shares of the oil and gas development company's stock valued at $858,000 after buying an additional 907 shares during the period. Institutional investors and hedge funds own 80.57% of the company's stock.

Insider Activity

In other news, EVP Mark H. Kleinman sold 3,500 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the sale, the executive vice president now directly owns 49,856 shares of the company's stock, valued at approximately $11,683,753.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Scott D. Sheffield sold 10,000 shares of the company's 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 transaction, the director now owns 462,112 shares in the company, valued at approximately $108,711,848. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mark H. Kleinman sold 3,500 shares of the company'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 completion of the transaction, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,766 shares of company stock valued at $9,067,373. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

PXD has been the subject of several research analyst reports. Scotiabank boosted their price target on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a "sector perform" rating in a report on Thursday. Truist Financial boosted their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a "hold" rating in a research report on Friday, April 5th. Susquehanna boosted their price objective on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a "neutral" rating in a research report on Monday, March 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $279.00 price objective on shares of Pioneer Natural Resources in a research report on Thursday. Finally, UBS Group cut their price objective on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a "neutral" rating on the stock in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Pioneer Natural Resources presently has an average rating of "Hold" and an average price target of $259.00.

Pioneer Natural Resources Stock Down 1.5 %

NYSE:PXD traded down $4.01 on Friday, hitting $270.73. 1,962,808 shares of the company's stock were exchanged, compared to its average volume of 2,020,657. 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 firm has a 50-day moving average price of $246.65 and a 200-day moving average price of $236.89. The company has a market cap of $63.25 billion, a P/E ratio of 13.38 and a beta of 1.31. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last issued its earnings results 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 firm 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 firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $5.91 earnings per share. As a group, analysts expect that Pioneer Natural Resources will post 20.88 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.78%. Pioneer Natural Resources's payout ratio 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.

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