South Dakota Investment Council Buys 18,351 Shares of Pioneer Natural Resources (NYSE:PXD)

South Dakota Investment Council increased its stake in shares of Pioneer Natural Resources (NYSE:PXD - Free Report) by 33.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,929 shares of the oil and gas development company's stock after buying an additional 18,351 shares during the quarter. South Dakota Investment Council's holdings in Pioneer Natural Resources were worth $16,625,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PXD. Bank of New York Mellon Corp increased its position in shares of Pioneer Natural Resources by 25.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company's stock valued at $743,734,000 after purchasing an additional 662,891 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Pioneer Natural Resources in the third quarter worth about $134,558,000. Assenagon Asset Management S.A. boosted its stake in Pioneer Natural Resources by 610.6% in the third quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company's stock valued at $141,965,000 after acquiring an additional 531,418 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Pioneer Natural Resources by 20,425.9% during the 4th quarter. International Assets Investment Management LLC now owns 302,757 shares of the oil and gas development company's stock valued at $68,084,000 after acquiring an additional 301,282 shares during the period. Finally, Clearbridge Investments LLC increased its stake in shares of Pioneer Natural Resources by 7.6% during the 3rd quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company's stock worth $748,271,000 after purchasing an additional 231,470 shares during the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PXD has been the topic of several research analyst reports. Truist Financial upped their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a "hold" rating in a research note on Friday, April 5th. StockNews.com assumed coverage on Pioneer Natural Resources in a research note on Sunday. They set a "hold" rating for the company. Mizuho lifted their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a "neutral" rating in a report on Tuesday, March 19th. Stifel Nicolaus upped their price objective on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the company a "hold" rating in a report on Tuesday. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $264.10.

Insider Buying and Selling at Pioneer Natural Resources

In related news, CAO Christopher L. Washburn sold 1,416 shares of the 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction on Monday, March 4th. The stock was 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 $11,683,753.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,766 shares of company stock valued at $9,067,373. 0.55% of the stock is currently owned by company insiders.

Pioneer Natural Resources Trading Up 0.6 %

PXD traded up $1.61 during midday trading on Tuesday, reaching $275.12. 1,874,485 shares of the company's stock traded hands, compared to its average volume of 2,000,343. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83. 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 fifty day moving average of $252.53 and a two-hundred day moving average of $239.17. The stock has a market capitalization of $64.27 billion, a price-to-earnings ratio of 13.59 and a beta of 1.31.

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). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.28 billion. During the same quarter last year, the business earned $5.91 earnings per share. The business's quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that Pioneer Natural Resources will post 21.5 earnings per share 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. Shareholders 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 yield of 3.72%. Pioneer Natural Resources's dividend payout ratio (DPR) 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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