Pioneer Natural Resources (NYSE:PXD) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Pioneer Natural Resources (NYSE:PXD) by 2.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,234,883 shares of the oil and gas development company’s stock after acquiring an additional 34,111 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Pioneer Natural Resources were worth $277,701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in PXD. Mackenzie Financial Corp grew its position in Pioneer Natural Resources by 3.2% in the 3rd quarter. Mackenzie Financial Corp now owns 16,440 shares of the oil and gas development company’s stock worth $3,677,000 after purchasing an additional 504 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Pioneer Natural Resources by 2.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,578 shares of the oil and gas development company’s stock worth $21,251,000 after buying an additional 2,312 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Pioneer Natural Resources in the 3rd quarter valued at approximately $1,597,000. Graypoint LLC raised its stake in Pioneer Natural Resources by 24.9% during the 3rd quarter. Graypoint LLC now owns 1,463 shares of the oil and gas development company’s stock valued at $336,000 after acquiring an additional 292 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in Pioneer Natural Resources by 28.9% during the 3rd quarter. TD Asset Management Inc now owns 378,375 shares of the oil and gas development company’s stock worth $86,856,000 after acquiring an additional 84,769 shares during the period. Institutional investors own 80.57% of the company’s stock.

Pioneer Natural Resources Stock Performance

Pioneer Natural Resources stock opened at $269.62 on Thursday. The company has a 50 day moving average price of $260.37 and a 200 day moving average price of $240.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 0.90. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83. The firm has a market capitalization of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28.

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

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a dividend of $2.56 per share. This represents a $10.24 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Insider Activity at Pioneer Natural Resources

In other news, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction on 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 directly owns 4,990 shares in the company, valued at approximately $1,302,140.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the sale, the director now owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,766 shares of company stock valued at $9,067,373. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho raised their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Scotiabank boosted 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 report on Thursday, April 11th. 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. Susquehanna upped their target price on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, StockNews.com began coverage on Pioneer Natural Resources in a research report on Tuesday. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $264.10.

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.