Wolverine Asset Management LLC Acquires 12,209 Shares of Pioneer Natural Resources (NYSE:PXD)

Wolverine Asset Management LLC boosted its holdings in Pioneer Natural Resources (NYSE:PXD - Free Report) by 4,083.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,508 shares of the oil and gas development company's stock after acquiring an additional 12,209 shares during the period. Wolverine Asset Management LLC's holdings in Pioneer Natural Resources were worth $2,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PXD. Bank of New York Mellon Corp lifted its holdings in Pioneer Natural Resources by 25.7% in 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 in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Pioneer Natural Resources in the 3rd quarter valued at about $134,558,000. Assenagon Asset Management S.A. lifted its holdings in Pioneer Natural Resources by 610.6% in the 3rd 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 purchasing an additional 531,418 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Pioneer Natural Resources by 20,425.9% in 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 purchasing an additional 301,282 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings 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 acquiring an additional 231,470 shares during the period. 80.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Pioneer Natural Resources

In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the firm's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now directly owns 11,132 shares in the company, valued at $2,906,787.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the firm's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now directly owns 11,132 shares in the company, valued at $2,906,787.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher L. Washburn sold 1,416 shares of the firm's stock in a transaction on 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 sale, the chief accounting officer now 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 three months, insiders have sold 36,766 shares of company stock worth $9,067,373. 0.55% of the stock is owned by insiders.

Pioneer Natural Resources Stock Up 0.1 %

Shares of PXD stock traded up $0.29 during mid-day trading on Wednesday, reaching $275.52. 1,226,163 shares of the company were exchanged, compared to its average volume of 1,991,663. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. The company has a market capitalization of $64.37 billion, a P/E ratio of 13.61 and a beta of 1.31. The business's 50 day simple moving average is $253.53 and its 200 day simple moving average is $239.42.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.41 by ($0.13). The firm 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 business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $5.91 earnings per share. Research analysts predict that Pioneer Natural Resources will post 21.66 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources's payout ratio is 24.70%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PXD. Stifel Nicolaus increased their price objective on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a "hold" rating in a report on Tuesday. Scotiabank increased their price objective on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. Truist Financial increased their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a "hold" rating in a report on Friday, April 5th. Mizuho raised their price target 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, Susquehanna raised their price target on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a "neutral" rating in a report on Monday. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $264.10.

Pioneer Natural Resources 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.