Fiera Capital Corp Raises Stock Position in Pioneer Natural Resources (NYSE:PXD)

Fiera Capital Corp increased its stake in Pioneer Natural Resources (NYSE:PXD) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,599 shares of the oil and gas development company’s stock after purchasing an additional 132 shares during the quarter. Fiera Capital Corp’s holdings in Pioneer Natural Resources were worth $1,709,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PXD. Hartford Financial Management Inc. boosted its holdings in 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 purchasing an additional 44 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Pioneer Natural Resources by 85.0% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after purchasing an additional 68 shares during the last quarter. OLD Second National Bank of Aurora purchased a new stake in Pioneer Natural Resources in the fourth quarter worth approximately $34,000. Criterion Capital Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the 4th quarter worth $37,000. Finally, Fortitude Family Office LLC purchased a new position in shares of Pioneer Natural Resources during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PXD shares. Stifel Nicolaus lifted their price target on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Truist Financial lifted their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Scotiabank lifted their price target on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Susquehanna lifted their price target on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $264.10.

Insider Transactions at Pioneer Natural Resources

In other news, Director Phillip A. Gobe sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now directly owns 11,132 shares in the company, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Phillip A. Gobe sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now directly owns 11,132 shares in the company, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the completion of the sale, the director now owns 462,112 shares in the company, valued at $108,711,848. 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 in the last three months. Insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Stock Performance

Shares of NYSE PXD opened at $269.62 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 0.90. The company has a market cap of $63.00 billion, a P/E ratio of 13.32 and a beta of 1.28. The firm’s fifty day moving average is $265.43 and its two-hundred day moving average is $242.40. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.91 earnings per share. As a group, analysts anticipate that Pioneer Natural Resources will post 22.07 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 4th were issued a $2.56 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.80%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

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.