Moody National Bank Trust Division Makes New Investment in Pioneer Natural Resources (NYSE:PXD)


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Moody National Bank Trust Division purchased a new position in Pioneer Natural Resources (NYSE:PXD) in the 1st quarter, Holdings Channel.com reports. The fund purchased 9,946 shares of the oil and gas development company’s stock, valued at approximately $1,579,000.

Other institutional investors have also bought and sold shares of the company. Vantage Consulting Group Inc bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at about $26,000. Childress Capital Advisors LLC bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at about $28,000. Fieldpoint Private Securities LLC bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at about $46,000. Sage Private Wealth Group LLC bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at about $47,000. Finally, International Assets Investment Management LLC bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at about $63,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the stock. Credit Suisse Group upped their price objective on shares of Pioneer Natural Resources from $172.00 to $195.00 and gave the company an “outperform” rating in a research note on Monday, April 5th. Wells Fargo & Company upped their price objective on shares of Pioneer Natural Resources from $192.00 to $204.00 and gave the company an “overweight” rating in a research note on Monday, April 5th. The Goldman Sachs Group began coverage on shares of Pioneer Natural Resources in a research report on Thursday, January 21st. They set a “buy” rating on the stock. Sanford C. Bernstein reiterated a “market perform” rating and set a $143.00 price target on shares of Pioneer Natural Resources in a research report on Monday, March 8th. Finally, Barclays boosted their price target on shares of Pioneer Natural Resources from $151.00 to $153.00 and gave the company an “overweight” rating in a research report on Thursday, January 14th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Pioneer Natural Resources currently has an average rating of “Buy” and an average target price of $171.00.

In related news, CEO Scott D. Sheffield sold 29,882 shares of the firm’s stock in a transaction on Friday, March 5th. The shares were sold at an average price of $162.73, for a total transaction of $4,862,697.86. Following the completion of the transaction, the chief executive officer now directly owns 456,949 shares of the company’s stock, valued at $74,359,310.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry R. Grillot sold 500 shares of the firm’s stock in a transaction on Wednesday, March 17th. The shares were sold at an average price of $166.13, for a total transaction of $83,065.00. Following the transaction, the director now directly owns 11,223 shares of the company’s stock, valued at $1,864,476.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,338 shares of company stock valued at $8,536,408. Corporate insiders own 0.91% of the company’s stock.

Shares of Pioneer Natural Resources stock opened at $152.22 on Friday. The company has a market cap of $32.97 billion, a price-to-earnings ratio of 149.24, a price-to-earnings-growth ratio of 2.72 and a beta of 1.92. The company’s 50 day moving average is $158.02 and its 200 day moving average is $120.82. Pioneer Natural Resources has a twelve month low of $67.00 and a twelve month high of $169.49. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.27.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Monday, February 22nd. The oil and gas development company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.37. Pioneer Natural Resources had a net margin of 2.30% and a return on equity of 4.67%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the firm earned $2.36 earnings per share. The company’s quarterly revenue was down 30.3% on a year-over-year basis. Sell-side analysts expect that Pioneer Natural Resources will post 1.59 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st were paid a $0.56 dividend. The ex-dividend date of this dividend was Tuesday, March 30th. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.47%. Pioneer Natural Resources’s dividend payout ratio is 27.38%.

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 Permian Basin in West Texas. As of December 31, 2020, the company had proved undeveloped reserves and proved developed non-producing reserves of 31 million barrels of oil, 17 million barrels of NGLs, and 88 billion cubic feet of gas; and owned interests in 11 gas processing plants.

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

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