Delos Wealth Advisors LLC Has $173,000 Stock Position in Pioneer Natural Resources (NYSE:PXD)

Delos Wealth Advisors LLC raised its position in shares of Pioneer Natural Resources (NYSE:PXD) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 771 shares of the oil and gas development company’s stock after acquiring an additional 109 shares during the quarter. Delos Wealth Advisors LLC’s holdings in Pioneer Natural Resources were worth $173,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PXD. Dai ichi Life Insurance Company Ltd lifted its holdings in shares of Pioneer Natural Resources by 45.5% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company’s stock valued at $4,839,000 after purchasing an additional 6,589 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Pioneer Natural Resources by 610.6% in the third quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock worth $141,965,000 after purchasing an additional 531,418 shares in the last quarter. Banco Santander S.A. raised its position in shares of Pioneer Natural Resources by 7.1% in the third quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock valued at $11,847,000 after purchasing an additional 3,438 shares during the period. SCP Investment LP raised its position in shares of Pioneer Natural Resources by 80.0% in the third quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock valued at $413,000 after purchasing an additional 800 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in Pioneer Natural Resources by 34.2% in the 3rd quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock worth $101,122,000 after buying an additional 112,261 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Insider Buying and Selling at Pioneer Natural Resources

In other Pioneer Natural Resources news, Director J Kenneth Thompson sold 1,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the sale, the director now owns 16,070 shares of the company’s stock, valued at approximately $4,017,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Pioneer Natural Resources news, Director J Kenneth Thompson sold 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the sale, the director now owns 16,070 shares in the company, valued at approximately $4,017,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,766 shares of company stock worth $9,067,373. 0.55% of the stock is currently owned by insiders.

Pioneer Natural Resources Stock Performance

Shares of PXD remained flat at $269.62 during mid-day trading on Thursday. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83. The firm has a market cap of $63.00 billion, a PE ratio of 13.32 and a beta of 1.28. The stock’s 50-day moving average is $261.07 and its two-hundred day moving average is $241.09. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20.

Pioneer Natural Resources (NYSE:PXD) last posted 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 the consensus estimate of $5.41 by ($0.13). The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.91 earnings per share. On average, equities research analysts expect that Pioneer Natural Resources will post 22.07 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PXD. Stifel Nicolaus boosted their target price on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Mizuho boosted their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Truist Financial boosted their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Finally, Susquehanna increased their price objective 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. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $264.10.

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.