Pioneer Natural Resources (NYSE:PXD) Shares Sold by Cerity Partners LLC

Cerity Partners LLC decreased its holdings in shares of Pioneer Natural Resources (NYSE:PXD - Free Report) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,400 shares of the oil and gas development company's stock after selling 14,473 shares during the quarter. Cerity Partners LLC owned about 0.06% of Pioneer Natural Resources worth $29,775,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PXD. Dai ichi Life Insurance Company Ltd lifted its stake in Pioneer Natural Resources by 45.5% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company's stock worth $4,839,000 after purchasing an additional 6,589 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Pioneer Natural Resources by 610.6% during the third quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company's stock worth $141,965,000 after buying an additional 531,418 shares during the last quarter. Banco Santander S.A. grew its holdings in Pioneer Natural Resources by 7.1% in the 3rd quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company's stock valued at $11,847,000 after buying an additional 3,438 shares in the last quarter. SCP Investment LP increased its stake in shares of Pioneer Natural Resources by 80.0% in the 3rd quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company's stock worth $413,000 after acquiring an additional 800 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Pioneer Natural Resources by 34.2% during the 3rd quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company's stock worth $101,122,000 after acquiring an additional 112,261 shares during the period. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Natural Resources Stock Down 1.4 %

Shares of NYSE:PXD traded down $3.94 during trading hours on Friday, reaching $270.80. The stock had a trading volume of 1,962,883 shares, compared to its average volume of 1,518,898. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $278.83. The firm's 50 day moving average is $246.65 and its 200-day moving average is $236.89. The stock has a market capitalization of $63.26 billion, a price-to-earnings ratio of 13.38 and a beta of 1.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last posted its earnings results 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 business had revenue of $5.22 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $5.91 EPS. Research analysts predict that Pioneer Natural Resources will post 20.88 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders 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 3.78%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources's dividend payout ratio (DPR) is presently 24.70%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Mizuho lifted their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 19th. Truist Financial increased their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a "hold" rating in a research report on Friday, April 5th. StockNews.com assumed coverage on Pioneer Natural Resources in a research report on Saturday. They issued a "hold" rating on the stock. Scotiabank increased their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, Stifel Nicolaus cut their price objective on Pioneer Natural Resources from $243.00 to $224.00 and set a "hold" rating for the company in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $259.00.

Insider Buying and Selling

In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the transaction, the director now directly owns 11,132 shares in the company, valued at $2,906,787.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Christopher L. Washburn sold 1,416 shares of the firm'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 transaction, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Phillip A. Gobe sold 2,000 shares of the company's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the sale, the director now owns 11,132 shares of the company's stock, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock worth $9,067,373 over the last 90 days. 0.57% of the stock is owned by insiders.

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.