Sargent Investment Group LLC Sells 3,546 Shares of Pioneer Natural Resources (NYSE:PXD)

Sargent Investment Group LLC trimmed its holdings in Pioneer Natural Resources (NYSE:PXD - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,068 shares of the oil and gas development company's stock after selling 3,546 shares during the period. Sargent Investment Group LLC's holdings in Pioneer Natural Resources were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PXD. Dai ichi Life Insurance Company Ltd raised its position in Pioneer Natural Resources by 45.5% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company's stock valued at $4,839,000 after purchasing an additional 6,589 shares in the last quarter. Assenagon Asset Management S.A. raised its position 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 valued at $141,965,000 after purchasing an additional 531,418 shares in the last quarter. Banco Santander S.A. raised its position in Pioneer Natural Resources by 7.1% during the third 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 purchasing an additional 3,438 shares in the last quarter. SCP Investment LP raised its position in Pioneer Natural Resources by 80.0% during the third quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company's stock valued at $413,000 after purchasing an additional 800 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in Pioneer Natural Resources by 34.2% during the third quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company's stock valued at $101,122,000 after purchasing an additional 112,261 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources 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 sale, the director now owns 11,132 shares of the company's stock, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources 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 sale, the director now owns 11,132 shares of the company's stock, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction that occurred 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 sale, the executive vice president now directly owns 49,856 shares in the company, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Insiders have sold a total of 36,766 shares of company stock valued at $9,067,373 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PXD. Susquehanna boosted their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a "neutral" rating in a research report on Monday, April 22nd. Scotiabank increased their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. Mizuho increased their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a "neutral" rating in a research note on Tuesday, March 19th. Stifel Nicolaus increased their price target on Pioneer Natural Resources from $237.00 to $275.00 and gave the company a "hold" rating in a research note on Tuesday, April 23rd. Finally, Truist Financial increased their price target 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. Two 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $264.10.

Pioneer Natural Resources Trading Down 2.3 %

NYSE PXD traded down $6.28 on Friday, reaching $268.87. The company had a trading volume of 2,059,204 shares, compared to its average volume of 1,564,386. The firm has a market cap of $62.81 billion, a price-to-earnings ratio of 13.28 and a beta of 1.31. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The business has a 50 day moving average of $255.15 and a two-hundred day moving average of $239.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the previous year, the business posted $5.91 earnings per share. The business's revenue was up 2.1% on a year-over-year basis. Analysts forecast that Pioneer Natural Resources will post 22.47 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were given a dividend of $2.56 per share. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.81%. Pioneer Natural Resources's dividend payout ratio is currently 24.70%.

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.