Bailard Inc. Has $3.08 Million Holdings in Pioneer Natural Resources (NYSE:PXD)

Bailard Inc. boosted its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,684 shares of the oil and gas development company’s stock after buying an additional 93 shares during the period. Bailard Inc.’s holdings in Pioneer Natural Resources were worth $3,077,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PXD. Vanguard Group Inc. grew its stake in shares of Pioneer Natural Resources by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,015,751 shares of the oil and gas development company’s stock worth $4,594,616,000 after acquiring an additional 113,751 shares during the period. Clearbridge Investments LLC grew its holdings in Pioneer Natural Resources by 7.6% during the 3rd quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock valued at $748,271,000 after buying an additional 231,470 shares in the last quarter. Bank of New York Mellon Corp raised its position in Pioneer Natural Resources by 25.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company’s stock valued at $743,734,000 after purchasing an additional 662,891 shares in the last quarter. Northern Trust Corp grew its stake in Pioneer Natural Resources by 2.2% during the 3rd quarter. Northern Trust Corp now owns 2,497,868 shares of the oil and gas development company’s stock worth $573,386,000 after buying an additional 54,841 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Pioneer Natural Resources by 7.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,923,819 shares of the oil and gas development company’s stock worth $443,574,000 after purchasing an additional 134,982 shares during the period. 80.57% of the stock is owned by institutional investors.

Pioneer Natural Resources Stock Up 0.5 %

Pioneer Natural Resources stock traded up $1.29 during midday trading on Thursday, reaching $276.81. The company’s stock had a trading volume of 839,912 shares, compared to its average volume of 1,980,202. The business has a 50-day simple moving average of $253.53 and a 200-day simple moving average of $239.42. The company has a market cap of $64.67 billion, a P/E ratio of 13.54 and a beta of 1.31. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data 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). The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $5.91 earnings per share. On average, research analysts expect that Pioneer Natural Resources will post 22.11 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were issued a dividend of $2.56 per share. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.70%. Pioneer Natural Resources’s payout ratio is 24.70%.

Analysts Set New Price Targets

PXD has been the subject of several 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 upped their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. 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 research note on Friday, April 5th. StockNews.com started coverage on shares of Pioneer Natural Resources in a report on Sunday. They issued a “hold” rating for the company. Finally, Stifel Nicolaus raised their price objective on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $264.10.

Insider Buying and Selling at Pioneer Natural Resources

In other news, CAO Christopher L. Washburn sold 1,416 shares of the 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 transaction, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, 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 transaction, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the sale, the director now directly owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. Insiders have sold a total of 36,766 shares of company stock worth $9,067,373 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Pioneer Natural Resources 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.