National Bank of Canada FI Sells 107,015 Shares of Pioneer Natural Resources (NYSE:PXD)

National Bank of Canada FI decreased its holdings in shares of Pioneer Natural Resources (NYSE:PXD - Free Report) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 266,855 shares of the oil and gas development company's stock after selling 107,015 shares during the period. National Bank of Canada FI owned approximately 0.11% of Pioneer Natural Resources worth $61,453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hartford Financial Management Inc. increased its stake in shares of Pioneer Natural Resources by 61.1% during the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company's stock worth $26,000 after acquiring an additional 44 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of Pioneer Natural Resources in the 3rd quarter valued at approximately $29,000. Carmel Capital Partners LLC acquired a new stake in shares of Pioneer Natural Resources in the 3rd quarter valued at approximately $34,000. Jones Financial Companies Lllp grew its holdings in Pioneer Natural Resources by 85.0% during the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company's stock worth $34,000 after acquiring an additional 68 shares during the period. Finally, OLD Second National Bank of Aurora purchased a new position in Pioneer Natural Resources in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 80.57% of the company's stock.

Insider Transactions at Pioneer Natural Resources

In related news, EVP Mark H. Kleinman sold 3,500 shares of the business's 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 transaction, the executive vice president now directly owns 49,856 shares of the company's stock, valued at approximately $11,683,753.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the sale, the executive vice president now directly owns 49,856 shares of the company's stock, valued at $11,683,753.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J Kenneth Thompson sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the sale, the director now owns 16,070 shares of the company's stock, valued at approximately $4,017,500. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock valued at $9,067,373 over the last quarter. Company insiders own 0.57% of the company's stock.

Pioneer Natural Resources Stock Performance

Shares of NYSE PXD remained flat at $269.62 during trading on Friday. The stock has a market capitalization of $62.99 billion, a P/E ratio of 13.32 and a beta of 1.28. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $258.94 and a 200 day moving average price of $240.66. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month 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 analysts' consensus estimates of $5.41 by ($0.13). The firm had revenue of $5.22 billion for 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%. Pioneer Natural Resources's revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $5.91 EPS. On average, analysts predict that Pioneer Natural Resources will post 22.07 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. Investors of record on Monday, March 4th were issued a dividend of $2.56 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.80%. Pioneer Natural Resources's payout ratio is 24.70%.

Wall Street Analyst Weigh In

PXD has been the topic of a number of recent analyst reports. Mizuho upped their price target 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 target price 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. Royal Bank of Canada reissued a "sector perform" rating and set a $279.00 price target on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Stifel Nicolaus raised their price objective 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, StockNews.com assumed coverage on Pioneer Natural Resources in a research report on Monday, April 29th. They set a "hold" rating on the stock. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pioneer Natural Resources currently has an average rating of "Hold" and a consensus price target 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.