Ethos Financial Group LLC Purchases New Shares in Pioneer Natural Resources (NYSE:PXD)

Ethos Financial Group LLC purchased a new stake in Pioneer Natural Resources (NYSE:PXD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,138 shares of the oil and gas development company’s stock, valued at approximately $481,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hartford Financial Management Inc. raised its position in Pioneer Natural Resources by 61.1% in the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after purchasing an additional 44 shares during the last quarter. Carmel Capital Partners LLC purchased a new stake in Pioneer Natural Resources in the 3rd quarter valued at $34,000. Jones Financial Companies Lllp raised its position in Pioneer Natural Resources by 85.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. OLD Second National Bank of Aurora purchased a new stake in Pioneer Natural Resources in the 4th quarter valued at $34,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Pioneer Natural Resources in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Pioneer Natural Resources Price Performance

NYSE PXD remained flat at $269.62 during trading hours on Thursday. The firm has a market cap of $63.00 billion, a PE ratio of 13.32 and a beta of 1.28. Pioneer Natural Resources has a 12-month low of $196.74 and a 12-month high of $278.83. The stock has a 50 day simple moving average of $261.07 and a two-hundred day simple moving average of $241.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.90 and a quick ratio of 0.76.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 21.21% and a net margin of 24.28%. The company’s 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. As a group, 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. Stockholders of record on Monday, March 4th were issued a dividend of $2.56 per share. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.80%. Pioneer Natural Resources’s payout ratio is currently 24.70%.

Insider Activity at Pioneer Natural Resources

In related news, CAO Christopher L. Washburn sold 1,416 shares of the firm’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 owns 4,990 shares in the company, valued at $1,302,140.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Christopher L. Washburn sold 1,416 shares of the firm’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 owns 4,990 shares in the company, valued at $1,302,140.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now directly owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,766 shares of company stock worth $9,067,373. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

PXD has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Mizuho upped their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Truist Financial upped their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a research report on Tuesday. They set a “hold” rating for the company. Finally, Stifel Nicolaus upped their price objective on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.