Pioneer Natural Resources (NYSE:PXD) Stock Holdings Lowered by Camarda Financial Advisors LLC

Camarda Financial Advisors LLC lowered its position in shares of Pioneer Natural Resources (NYSE:PXDGet Rating) by 12.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,699 shares of the oil and gas development company’s stock after selling 674 shares during the period. Camarda Financial Advisors LLC’s holdings in Pioneer Natural Resources were worth $855,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in PXD. O Shaughnessy Asset Management LLC grew its position in shares of Pioneer Natural Resources by 43.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,413 shares of the oil and gas development company’s stock worth $235,000 after acquiring an additional 427 shares during the last quarter. IndexIQ Advisors LLC grew its position in shares of Pioneer Natural Resources by 309.4% during the third quarter. IndexIQ Advisors LLC now owns 569 shares of the oil and gas development company’s stock worth $95,000 after acquiring an additional 430 shares during the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of Pioneer Natural Resources during the third quarter worth about $400,000. Fuller & Thaler Asset Management Inc. grew its position in shares of Pioneer Natural Resources by 31.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 10,885 shares of the oil and gas development company’s stock worth $1,812,000 after acquiring an additional 2,600 shares during the last quarter. Finally, CX Institutional grew its position in shares of Pioneer Natural Resources by 17.4% during the third quarter. CX Institutional now owns 426 shares of the oil and gas development company’s stock worth $71,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 87.65% of the company’s stock.

Several equities research analysts recently weighed in on PXD shares. Mizuho upped their price objective on shares of Pioneer Natural Resources from $266.00 to $343.00 and gave the stock a “buy” rating in a report on Thursday, March 31st. StockNews.com started coverage on shares of Pioneer Natural Resources in a report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James upped their price objective on shares of Pioneer Natural Resources from $285.00 to $400.00 and gave the stock a “strong-buy” rating in a report on Monday, April 25th. Wells Fargo & Company upped their price target on shares of Pioneer Natural Resources from $244.00 to $276.00 and gave the company an “overweight” rating in a report on Monday, March 14th. Finally, Truist Financial upped their price target on shares of Pioneer Natural Resources from $245.00 to $281.00 in a report on Thursday, April 21st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $276.53.

In other news, Director J Kenneth Thompson sold 1,500 shares of the stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $228.67, for a total value of $343,005.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark H. Kleinman sold 7,745 shares of the stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $224.55, for a total value of $1,739,139.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,002 shares of company stock worth $25,293,266. Corporate insiders own 0.55% of the company’s stock.

NYSE:PXD opened at $266.48 on Friday. The stock’s 50 day moving average price is $249.57 and its 200 day moving average price is $219.20. Pioneer Natural Resources has a 52 week low of $133.73 and a 52 week high of $279.98. The company has a market capitalization of $64.48 billion, a P/E ratio of 16.22, a P/E/G ratio of 0.96 and a beta of 1.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.42 and a current ratio of 1.54.

Pioneer Natural Resources (NYSE:PXDGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The oil and gas development company reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $7.32 by $0.42. Pioneer Natural Resources had a return on equity of 21.01% and a net margin of 22.85%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $5.99 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. The firm’s revenue was up 152.5% on a year-over-year basis. As a group, sell-side analysts forecast that Pioneer Natural Resources will post 32.49 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Shareholders of record on Tuesday, May 31st will be issued a dividend of $7.38 per share. This represents a $29.52 annualized dividend and a yield of 11.08%. The ex-dividend date is Friday, May 27th. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.78. Pioneer Natural Resources’s dividend payout ratio (DPR) is 15.09%.

Pioneer Natural Resources Company Profile (Get Rating)

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. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of gas; and owned interests in 11 gas processing plants.

Further Reading

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

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