Knights of Columbus Asset Advisors LLC Purchases 342 Shares of Pioneer Natural Resources (NYSE:PXD)

Knights of Columbus Asset Advisors LLC boosted its position in Pioneer Natural Resources (NYSE:PXD) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,730 shares of the oil and gas development company’s stock after buying an additional 342 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Pioneer Natural Resources were worth $6,011,000 at the end of the most recent reporting period.

A number of other hedge funds have also 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 third 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 buying an additional 113,751 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Pioneer Natural Resources by 3.6% during the first quarter. Geode Capital Management LLC now owns 4,337,964 shares of the oil and gas development company’s stock worth $884,893,000 after buying an additional 149,026 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Pioneer Natural Resources by 46.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,242,203 shares of the oil and gas development company’s stock worth $968,877,000 after buying an additional 1,343,601 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Pioneer Natural Resources by 7.6% during the third quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock worth $748,271,000 after buying an additional 231,470 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Pioneer Natural Resources by 25.7% during the third quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company’s stock worth $743,734,000 after buying an additional 662,891 shares during the last quarter. 80.57% of the stock is owned by institutional investors.

Pioneer Natural Resources Trading Up 1.1 %

PXD stock traded up $2.99 during midday trading on Friday, hitting $270.96. The stock had a trading volume of 1,455,582 shares, compared to its average volume of 1,981,975. The business has a fifty day moving average price of $249.82 and a two-hundred day moving average price of $237.91. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year high of $278.83. The firm has a market cap of $63.30 billion, a P/E ratio of 13.38 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.72 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 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 analyst estimates of $5.28 billion. During the same quarter in the prior year, the company posted $5.91 EPS. Pioneer Natural Resources’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Pioneer Natural Resources will post 21.15 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 3.78%. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PXD. Susquehanna boosted their target price on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Truist Financial boosted their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Mizuho lifted their price target 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. Finally, StockNews.com began coverage on shares of Pioneer Natural Resources in a report on Saturday, April 13th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Pioneer Natural Resources currently has a consensus rating of “Hold” and a consensus target price of $259.00.

Insider Activity

In other news, CAO Christopher L. Washburn sold 1,416 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the transaction, the chief accounting officer now owns 4,990 shares in the company, valued at $1,302,140.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other 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 transaction of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $250,000.00. Following the sale, the director now directly owns 16,070 shares of the company’s stock, valued at $4,017,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,766 shares of company stock worth $9,067,373. Company insiders own 0.57% of the company’s stock.

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.