Capital Advisors Inc. OK boosted its position in shares of Pioneer Natural Resources (NYSE:PXD – Get Rating) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 217,531 shares of the oil and gas development company’s stock after purchasing an additional 5,380 shares during the quarter. Pioneer Natural Resources comprises 1.5% of Capital Advisors Inc. OK’s holdings, making the stock its 19th biggest position. Capital Advisors Inc. OK’s holdings in Pioneer Natural Resources were worth $48,527,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of Pioneer Natural Resources by 45.1% during the fourth quarter. Capital International Investors now owns 6,105,125 shares of the oil and gas development company’s stock worth $1,110,392,000 after buying an additional 1,898,932 shares during the last quarter. Capital World Investors raised its position in shares of Pioneer Natural Resources by 10.0% during the 1st quarter. Capital World Investors now owns 15,679,316 shares of the oil and gas development company’s stock valued at $3,920,478,000 after acquiring an additional 1,423,102 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Pioneer Natural Resources by 236.0% in the 1st quarter. First Trust Advisors LP now owns 1,632,267 shares of the oil and gas development company’s stock valued at $408,116,000 after purchasing an additional 1,146,401 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Pioneer Natural Resources by 20.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,290,431 shares of the oil and gas development company’s stock worth $1,322,766,000 after purchasing an additional 903,653 shares during the last quarter. Finally, Abrams Bison Investments LLC acquired a new stake in shares of Pioneer Natural Resources during the fourth quarter worth $108,764,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.
Pioneer Natural Resources Stock Performance
Shares of Pioneer Natural Resources stock traded down $17.88 during trading on Friday, hitting $208.77. 179,553 shares of the stock were exchanged, compared to its average volume of 2,379,921. The company has a current ratio of 1.33, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average price of $233.37 and a 200-day moving average price of $242.55. The stock has a market capitalization of $50.51 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46. Pioneer Natural Resources has a 1-year low of $150.39 and a 1-year high of $288.46.
Pioneer Natural Resources Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, September 6th were given a dividend of $8.57 per share. This represents a $34.28 dividend on an annualized basis and a yield of 16.42%. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $7.38. The ex-dividend date of this dividend was Friday, September 2nd. Pioneer Natural Resources’s payout ratio is 18.19%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on PXD shares. Truist Financial lowered their price target on Pioneer Natural Resources from $247.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, August 18th. Tudor, Pickering, Holt & Co. lowered shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 19th. MKM Partners reiterated a “buy” rating and set a $264.00 target price on shares of Pioneer Natural Resources in a report on Wednesday, July 20th. Tudor Pickering downgraded Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Finally, Mizuho decreased their price objective on Pioneer Natural Resources from $334.00 to $316.00 and set a “buy” rating for the company in a research report on Thursday, August 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $287.65.
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. 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.
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