Kingfisher Capital LLC Has $254,000 Stock Position in Pioneer Natural Resources (NYSE:PXD)

Posted by Defense World Staff on Mar 27th, 2023

Pioneer Natural Resources logo Kingfisher Capital LLC lowered its stake in shares of Pioneer Natural Resources (NYSE:PXD – Get Rating) by 95.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,114 shares of the oil and gas development company’s stock after selling 24,861 shares during the period. Kingfisher Capital LLC’s holdings in Pioneer Natural Resources were worth $254,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Procyon Advisors LLC raised its position in Pioneer Natural Resources by 4.7% during the fourth quarter. Procyon Advisors LLC now owns 3,352 shares of the oil and gas development company’s stock worth $765,000 after acquiring an additional 149 shares in the last quarter. StrongBox Wealth LLC bought a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at about $525,000. Oak Harbor Wealth Partners LLC lifted its stake in Pioneer Natural Resources by 5.9% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 1,963 shares of the oil and gas development company’s stock valued at $448,000 after purchasing an additional 110 shares during the last quarter. Wesbanco Bank Inc. bought a new position in Pioneer Natural Resources during the fourth quarter worth about $778,000. Finally, Private Advisor Group LLC increased its position in Pioneer Natural Resources by 16.1% during the fourth quarter. Private Advisor Group LLC now owns 6,074 shares of the oil and gas development company’s stock worth $245,216,000 after buying an additional 841 shares during the last quarter. Institutional investors and hedge funds own 89.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PXD. Barclays cut their price objective on Pioneer Natural Resources from $280.00 to $275.00 and set an “overweight” rating for the company in a research report on Thursday, March 16th. Sanford C. Bernstein cut their price target on Pioneer Natural Resources from $283.00 to $241.00 and set an “outperform” rating for the company in a report on Tuesday, February 28th. Tudor, Pickering, Holt & Co. upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating in a report on Monday, February 27th. KeyCorp cut their target price on shares of Pioneer Natural Resources from $290.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, December 8th. Finally, Mizuho decreased their price target on shares of Pioneer Natural Resources from $293.00 to $265.00 in a research note on Friday, March 10th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.58.

Pioneer Natural Resources Stock Performance

PXD opened at $192.22 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.96. Pioneer Natural Resources has a 52-week low of $177.26 and a 52-week high of $288.46. The firm has a market cap of $45.17 billion, a P/E ratio of 6.19, a price-to-earnings-growth ratio of 0.99 and a beta of 1.41. The business’s fifty day moving average is $213.95 and its 200-day moving average is $230.30.

Pioneer Natural Resources (NYSE:PXD – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The oil and gas development company reported $5.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.83 by $0.08. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.59 billion. Pioneer Natural Resources had a net margin of 32.29% and a return on equity of 33.15%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.58 earnings per share. Sell-side analysts expect that Pioneer Natural Resources will post 22.68 EPS 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. Shareholders 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 annualized dividend and a yield of 11.61%. Pioneer Natural Resources’s dividend payout ratio is currently 14.17%.

Pioneer Natural Resources Company 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.