Skylands Capital LLC Has $6.54 Million Stake in Pioneer Natural Resources (NYSE:PXD)

Skylands Capital LLC lowered its position in Pioneer Natural Resources (NYSE:PXD - Free Report) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,075 shares of the oil and gas development company's stock after selling 2,925 shares during the quarter. Skylands Capital LLC's holdings in Pioneer Natural Resources were worth $6,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Dai ichi Life Insurance Company Ltd increased its stake in shares of Pioneer Natural Resources by 45.5% in 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 during the period. Assenagon Asset Management S.A. boosted its holdings in shares of 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 in the last quarter. Banco Santander S.A. boosted its holdings in shares of Pioneer Natural Resources by 7.1% in 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 acquiring an additional 3,438 shares in the last quarter. SCP Investment LP boosted its holdings in shares of Pioneer Natural Resources by 80.0% in 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 acquiring an additional 800 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Pioneer Natural Resources by 34.2% in 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 acquiring an additional 112,261 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.

Pioneer Natural Resources Stock Up 1.8 %

Shares of Pioneer Natural Resources stock traded up $4.73 during midday trading on Monday, reaching $273.60. 2,044,678 shares of the company's stock traded hands, compared to its average volume of 1,994,209. 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 cap of $63.92 billion, a price-to-earnings ratio of 13.28 and a beta of 1.31. The company's 50 day simple moving average is $255.15 and its 200 day simple moving average is $239.91. 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 posted its quarterly earnings results 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 company had revenue of $5.22 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.91 earnings per share. Equities analysts expect that Pioneer Natural Resources will post 22.47 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were given a $2.56 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 annualized dividend and a yield of 3.74%. Pioneer Natural Resources's dividend payout ratio is 24.70%.

Insiders Place Their Bets

In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the firm's stock in a transaction on 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 sale, the director now directly owns 462,112 shares in the company, valued at approximately $108,711,848. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the sale, the director now directly 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 is available through this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources 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 sale, the executive vice president now owns 49,856 shares in the company, valued at $11,683,753.60. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 in the last ninety days. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

PXD has been the subject of several recent analyst reports. Scotiabank increased their price objective 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, April 11th. Truist Financial increased their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a "hold" rating in a report on Friday, April 5th. StockNews.com began coverage on shares of Pioneer Natural Resources in a report on Monday. They set a "hold" rating for the company. Susquehanna raised their target price on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a "neutral" rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $264.10.

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.