Van Hulzen Asset Management LLC Sells 9,715 Shares of Pioneer Natural Resources (NYSE:PXD)

Van Hulzen Asset Management LLC cut its stake in shares of Pioneer Natural Resources (NYSE:PXD - Free Report) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,761 shares of the oil and gas development company's stock after selling 9,715 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Pioneer Natural Resources were worth $12,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PXD. Dai ichi Life Insurance Company Ltd lifted its stake in shares of Pioneer Natural Resources by 45.5% in the 3rd 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. lifted its position in shares of Pioneer Natural Resources by 610.6% during 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 acquiring an additional 531,418 shares during the period. Banco Santander S.A. boosted its stake 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 worth $11,847,000 after acquiring an additional 3,438 shares in the last quarter. SCP Investment LP increased its stake in 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 purchasing an additional 800 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of 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 during the period. Institutional investors and hedge funds own 80.57% of the company's stock.

Pioneer Natural Resources Stock Performance

Shares of PXD stock remained flat at $269.62 during midday trading on Friday. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83. The firm has a market cap of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. The company's fifty day moving average price is $261.76 and its 200-day moving average price is $241.29.

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). Pioneer Natural Resources had a return on equity of 21.21% and a net margin of 24.28%. The company had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.28 billion. During the same period in the prior year, the firm earned $5.91 EPS. Pioneer Natural Resources's revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts expect that Pioneer Natural Resources will post 22.07 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were paid 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 dividend yield of 3.80%. Pioneer Natural Resources's dividend payout ratio is presently 24.70%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PXD shares. Stifel Nicolaus raised their target price 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. Royal Bank of Canada restated a "sector perform" rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 11th. StockNews.com initiated coverage on Pioneer Natural Resources in a research report on Tuesday. They set a "hold" rating on the stock. Scotiabank lifted their price target on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a "sector perform" rating in a research report on Thursday, April 11th. Finally, Truist Financial upped 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. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $264.10.

Insider Activity

In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $234.35, for a total value of $820,225.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director J Kenneth Thompson sold 1,000 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the transaction, the director now directly owns 16,070 shares of the company's stock, valued at approximately $4,017,500. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark H. Kleinman sold 3,500 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the transaction, the executive vice president now owns 49,856 shares of the company's stock, valued at $11,683,753.60. 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 three months. Insiders own 0.55% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.