National Bank of Canada FI Has $61.45 Million Stock Holdings in Pioneer Natural Resources (NYSE:PXD)

National Bank of Canada FI lowered its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 28.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 266,855 shares of the oil and gas development company’s stock after selling 107,015 shares during the period. National Bank of Canada FI owned about 0.11% of Pioneer Natural Resources worth $61,453,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stratos Wealth Partners LTD. boosted its stake in shares of Pioneer Natural Resources by 3.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,932 shares of the oil and gas development company’s stock valued at $1,362,000 after purchasing an additional 201 shares in the last quarter. Stratos Wealth Advisors LLC grew its position in Pioneer Natural Resources by 3.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,029 shares of the oil and gas development company’s stock worth $466,000 after acquiring an additional 59 shares during the last quarter. NorthRock Partners LLC acquired a new position in Pioneer Natural Resources in the 3rd quarter worth about $212,000. Chicago Capital LLC raised its position in Pioneer Natural Resources by 9.1% in the third quarter. Chicago Capital LLC now owns 1,196 shares of the oil and gas development company’s stock valued at $275,000 after purchasing an additional 100 shares during the last quarter. Finally, WealthShield Partners LLC boosted its stake in shares of Pioneer Natural Resources by 3.9% during the third quarter. WealthShield Partners LLC now owns 4,101 shares of the oil and gas development company’s stock valued at $941,000 after purchasing an additional 155 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors.

Insider Transactions at Pioneer Natural Resources

In related news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the transaction, the director now directly owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the sale, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock worth $9,067,373 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PXD. Royal Bank of Canada reiterated a “sector perform” rating and issued a $279.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 11th. StockNews.com began coverage on shares of Pioneer Natural Resources in a research note on Monday, April 29th. They issued a “hold” rating on the stock. Truist Financial raised their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Stifel Nicolaus increased their price target on Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Finally, Scotiabank lifted their price objective on 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. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $264.10.

Pioneer Natural Resources Stock Performance

Pioneer Natural Resources stock remained flat at $269.62 during mid-day trading on Friday. The stock has a market cap of $62.99 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $278.83. The stock has a fifty day simple moving average of $258.94 and a 200-day simple moving average of $240.66. 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 released 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 for the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. Pioneer Natural Resources’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $5.91 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were paid a dividend of $2.56 per share. This represents a $10.24 annualized dividend and a yield of 3.80%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

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.