Livforsakringsbolaget Skandia Omsesidigt Has $82,000 Holdings in Pioneer Natural Resources (NYSE:PXD)

Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 68.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 366 shares of the oil and gas development company’s stock after buying an additional 149 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Pioneer Natural Resources were worth $82,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its stake in Pioneer Natural Resources by 4.0% during the third quarter. Proficio Capital Partners LLC now owns 1,030 shares of the oil and gas development company’s stock worth $236,000 after buying an additional 40 shares in the last quarter. Caprock Group LLC grew its stake in Pioneer Natural Resources by 1.5% during the third quarter. Caprock Group LLC now owns 2,855 shares of the oil and gas development company’s stock worth $655,000 after buying an additional 41 shares in the last quarter. IFP Advisors Inc grew its stake in Pioneer Natural Resources by 3.1% during the third quarter. IFP Advisors Inc now owns 1,436 shares of the oil and gas development company’s stock worth $330,000 after buying an additional 43 shares in the last quarter. Western Pacific Wealth Management LP grew its stake in Pioneer Natural Resources by 20.0% during the third quarter. Western Pacific Wealth Management LP now owns 264 shares of the oil and gas development company’s stock worth $61,000 after buying an additional 44 shares in the last quarter. Finally, Hartford Financial Management Inc. lifted its holdings in shares of Pioneer Natural Resources by 61.1% in 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 last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pioneer Natural Resources

In related news, Director J Kenneth Thompson sold 1,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the sale, the director now directly owns 16,070 shares in the company, valued at approximately $4,017,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director J Kenneth Thompson sold 1,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the sale, the director now directly owns 16,070 shares in the company, valued at approximately $4,017,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the completion of the sale, the chief accounting officer now owns 4,990 shares in the company, valued at $1,302,140.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,766 shares of company stock worth $9,067,373. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

PXD has been the subject of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Mizuho increased their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a report on Saturday, April 13th. They issued a “hold” rating for the company. Susquehanna raised their price objective on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Finally, Truist Financial raised their price objective 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. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Pioneer Natural Resources has a consensus rating of “Hold” and a consensus target price of $259.00.

Pioneer Natural Resources Price Performance

Shares of NYSE:PXD opened at $270.30 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $250.68 and its two-hundred day simple moving average is $238.23. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year high of $278.83. The stock has a market cap of $63.15 billion, a PE ratio of 13.35 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the business posted $5.91 earnings per share. Pioneer Natural Resources’s revenue was up 2.1% on a year-over-year basis. As a group, analysts forecast that Pioneer Natural Resources will post 21.5 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

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.