Pioneer Natural Resources (NYSE:PXD) Stock Holdings Increased by AdvisorNet Financial Inc

Posted by on Mar 26th, 2023

AdvisorNet Financial Inc raised its holdings in shares of Pioneer Natural Resources (NYSE:PXD – Get Rating) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 958 shares of the oil and gas development company’s stock after acquiring an additional 84 shares during the period. AdvisorNet Financial Inc’s holdings in Pioneer Natural Resources were worth $219,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PXD. Cowa LLC bought a new stake in Pioneer Natural Resources during the 3rd quarter valued at $27,000. Kistler Tiffany Companies LLC acquired a new position in shares of Pioneer Natural Resources during the 3rd quarter valued at $27,000. Evermay Wealth Management LLC increased its position in shares of Pioneer Natural Resources by 48.2% during the 3rd quarter. Evermay Wealth Management LLC now owns 123 shares of the oil and gas development company’s stock valued at $27,000 after purchasing an additional 40 shares during the period. Ronald Blue Trust Inc. increased its position in shares of Pioneer Natural Resources by 84.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 127 shares of the oil and gas development company’s stock valued at $29,000 after purchasing an additional 58 shares during the period. Finally, Accurate Wealth Management LLC acquired a new position in shares of Pioneer Natural Resources during the 4th quarter valued at $34,000. Institutional investors own 89.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PXD. Susquehanna lowered their price target on Pioneer Natural Resources from $286.00 to $266.00 and set a “positive” rating on the stock in a research report on Monday, February 27th. Truist Financial lowered their price target on Pioneer Natural Resources from $243.00 to $229.00 and set a “hold” rating on the stock in a research report on Monday, February 27th. Barclays lowered their price target on Pioneer Natural Resources from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Thursday, March 16th. Wells Fargo & Company upgraded Pioneer Natural Resources from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $225.00 to $220.00 in a research report on Thursday, March 2nd. Finally, Raymond James decreased their target price on Pioneer Natural Resources from $310.00 to $300.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $264.58.

Pioneer Natural Resources Stock Performance

Shares of PXD stock opened at $192.22 on Friday. Pioneer Natural Resources has a 1-year low of $177.26 and a 1-year high of $288.46. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $45.17 billion, a price-to-earnings ratio of 6.19, a P/E/G ratio of 0.98 and a beta of 1.41. The stock’s fifty day simple moving average is $213.95 and its 200-day simple moving average is $230.33.

Pioneer Natural Resources (NYSE:PXD – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The oil and gas development company reported $5.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.83 by $0.08. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Pioneer Natural Resources had a return on equity of 33.15% and a net margin of 32.29%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $4.58 earnings per share. On average, sell-side analysts predict that Pioneer Natural Resources will post 22.68 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Monday, March 6th were given a dividend of $5.58 per share. The ex-dividend date was Friday, March 3rd. This represents a $22.32 dividend on an annualized basis and a yield of 11.61%. Pioneer Natural Resources’s payout ratio is 14.17%.

Pioneer Natural Resources Profile

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Pioneer Natural Resources Co operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses on the operation of the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997, and is headquartered in Irving, TX.

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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