Executive Wealth Management LLC acquired a new position in shares of Pioneer Natural Resources (NYSE:PXD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 290 shares of the oil and gas development company’s stock, valued at approximately $38,000.
Several other institutional investors also recently made changes to their positions in PXD. Lindbrook Capital LLC bought a new stake in shares of Pioneer Natural Resources in the fourth quarter valued at about $31,000. JOYN Advisors Inc. raised its holdings in Pioneer Natural Resources by 73.8% during the fourth quarter. JOYN Advisors Inc. now owns 358 shares of the oil and gas development company’s stock worth $47,000 after acquiring an additional 152 shares in the last quarter. Captrust Financial Advisors raised its holdings in Pioneer Natural Resources by 72.0% during the fourth quarter. Captrust Financial Advisors now owns 363 shares of the oil and gas development company’s stock worth $48,000 after acquiring an additional 152 shares in the last quarter. We Are One Seven LLC bought a new stake in Pioneer Natural Resources during the fourth quarter worth about $58,000. Finally, Kaizen Advisory LLC raised its holdings in Pioneer Natural Resources by 21.6% during the fourth quarter. Kaizen Advisory LLC now owns 456 shares of the oil and gas development company’s stock worth $60,000 after acquiring an additional 81 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on PXD shares. Imperial Capital set a $198.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Friday, February 8th. Goldman Sachs Group lowered Pioneer Natural Resources to a “buy” rating in a report on Friday, April 12th. Raymond James set a $250.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Morgan Stanley set a $185.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, Barclays set a $190.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Six analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $210.26.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, February 13th. The oil and gas development company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.30). Pioneer Natural Resources had a net margin of 10.40% and a return on equity of 9.25%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was up 75.4% on a year-over-year basis. Analysts forecast that Pioneer Natural Resources will post 7.72 EPS for the current year.
The firm also recently announced a semiannual dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, March 28th. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.16. This represents a yield of 0.45%. Pioneer Natural Resources’s dividend payout ratio is presently 10.14%.
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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 primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle.
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