Pioneer Natural Resources (NYSE:PXD) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC boosted its stake in Pioneer Natural Resources (NYSE:PXD) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,878 shares of the oil and gas development company’s stock after purchasing an additional 71 shares during the period. Oliver Luxxe Assets LLC’s holdings in Pioneer Natural Resources were worth $1,978,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Pioneer Natural Resources by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 24,113,046 shares of the oil and gas development company’s stock valued at $3,918,852,000 after purchasing an additional 1,098,706 shares during the last quarter. Capital International Investors boosted its position in Pioneer Natural Resources by 1.2% in the 2nd quarter. Capital International Investors now owns 5,166,661 shares of the oil and gas development company’s stock valued at $839,593,000 after buying an additional 59,286 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Pioneer Natural Resources by 4.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,408,225 shares of the oil and gas development company’s stock valued at $734,013,000 after buying an additional 179,056 shares during the period. Geode Capital Management LLC boosted its position in Pioneer Natural Resources by 13.2% in the 2nd quarter. Geode Capital Management LLC now owns 4,156,730 shares of the oil and gas development company’s stock valued at $673,782,000 after buying an additional 484,987 shares during the period. Finally, Boston Partners boosted its position in Pioneer Natural Resources by 5.5% in the 3rd quarter. Boston Partners now owns 4,128,398 shares of the oil and gas development company’s stock valued at $688,129,000 after buying an additional 215,580 shares during the period. Hedge funds and other institutional investors own 84.93% of the company’s stock.

In related news, EVP Chris J. Cheatwood sold 8,235 shares of the business’s stock in a transaction dated Monday, December 6th. The shares were sold at an average price of $180.86, for a total transaction of $1,489,382.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Larry R. Grillot sold 900 shares of the company’s stock in a transaction dated Tuesday, November 9th. The shares were sold at an average price of $184.39, for a total transaction of $165,951.00. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by insiders.

Several brokerages have commented on PXD. KeyCorp raised their price target on shares of Pioneer Natural Resources from $205.00 to $216.00 and gave the company an “overweight” rating in a research report on Thursday. Mizuho decreased their price target on shares of Pioneer Natural Resources from $276.00 to $266.00 in a research report on Monday, January 3rd. Piper Sandler lifted their price objective on shares of Pioneer Natural Resources from $222.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, October 21st. Morgan Stanley decreased their price objective on shares of Pioneer Natural Resources from $206.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, December 13th. Finally, Bank of America cut shares of Pioneer Natural Resources from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $230.00 to $234.00 in a research report on Monday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $211.00.

Shares of Pioneer Natural Resources stock traded up $8.40 on Friday, reaching $215.70. 2,823,939 shares of the stock were exchanged, compared to its average volume of 1,906,858. Pioneer Natural Resources has a 1-year low of $115.14 and a 1-year high of $216.04. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average price of $185.04 and a two-hundred day moving average price of $169.93. The firm has a market capitalization of $52.66 billion, a PE ratio of 38.94, a PEG ratio of 1.19 and a beta of 1.81.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, November 3rd. The oil and gas development company reported $4.13 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.26. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.50 billion. Pioneer Natural Resources had a net margin of 11.48% and a return on equity of 11.98%. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Research analysts expect that Pioneer Natural Resources will post 13.36 EPS for the current year.

The business also recently disclosed a None dividend, which was paid on Tuesday, December 14th. Investors of record on Tuesday, November 30th were issued a dividend of $3.02 per share. The ex-dividend date of this dividend was Monday, November 29th. Pioneer Natural Resources’s dividend payout ratio is currently 44.77%.

Pioneer Natural Resources Profile

Pioneer Natural Resources Co Operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997 and is headquartered in Irving, TX.

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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