Several other large investors have also bought and sold shares of the stock. Geode Capital Management LLC grew its position in shares of Pioneer Natural Resources by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 4,337,964 shares of the oil and gas development company’s stock valued at $884,893,000 after acquiring an additional 149,026 shares during the period. T. Rowe Price Investment Management Inc. lifted its position 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 acquiring an additional 1,343,601 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Pioneer Natural Resources by 108.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,469,309 shares of the oil and gas development company’s stock worth $859,012,000 after purchasing an additional 1,802,353 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Pioneer Natural Resources by 2.0% in the first quarter. Northern Trust Corp now owns 2,568,917 shares of the oil and gas development company’s stock worth $642,307,000 after buying an additional 51,444 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Pioneer Natural Resources by 16.0% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,915,375 shares of the oil and gas development company’s stock worth $391,196,000 after acquiring an additional 263,691 shares during the period. 82.72% of the stock is currently owned by institutional investors.
NYSE PXD traded up $0.07 during trading hours on Tuesday, reaching $235.35. 360,263 shares of the company’s stock traded hands, compared to its average volume of 2,127,212. Pioneer Natural Resources has a 52-week low of $177.26 and a 52-week high of $274.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.73 and a quick ratio of 0.59. The firm has a 50-day simple moving average of $229.22 and a 200 day simple moving average of $214.82. The firm has a market cap of $54.87 billion, a PE ratio of 10.11, a PEG ratio of 1.34 and a beta of 1.43.
Pioneer Natural Resources (NYSE:PXD – Get Free Report) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.37. Pioneer Natural Resources had a return on equity of 25.53% and a net margin of 28.46%. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Sell-side analysts anticipate that Pioneer Natural Resources will post 20.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th will be paid a $1.84 dividend. The ex-dividend date of this dividend is Tuesday, September 5th. This represents a $7.36 annualized dividend and a dividend yield of 3.13%. Pioneer Natural Resources’s dividend payout ratio is presently 21.31%.
Several analysts have weighed in on the company. UBS Group raised their price target on Pioneer Natural Resources from $224.00 to $269.00 and gave the company a “neutral” rating in a report on Thursday, August 17th. Mizuho lifted their price target on Pioneer Natural Resources from $294.00 to $301.00 and gave the stock a “buy” rating in a research note on Monday. Truist Financial increased their price objective on Pioneer Natural Resources from $196.00 to $225.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Raymond James dropped their target price on Pioneer Natural Resources from $268.00 to $265.00 and set a “strong-buy” rating for the company in a research report on Monday, July 24th. Finally, Morgan Stanley lifted their price target on shares of Pioneer Natural Resources from $219.00 to $230.00 and gave the stock an “underweight” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $263.15.
Get Our Latest Analysis on Pioneer Natural Resources
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. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.
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