Sachetta LLC Invests $27,000 in Pioneer Natural Resources (NYSE:PXD)

Sachetta LLC acquired a new position in shares of Pioneer Natural Resources (NYSE:PXDFree Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 121 shares of the oil and gas development company’s stock, valued at approximately $27,000.

Several other hedge funds also recently modified their holdings of PXD. Hartford Financial Management Inc. increased its holdings in shares of Pioneer Natural Resources by 61.1% in the fourth 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 in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Pioneer Natural Resources by 85.0% in the third 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 in the last quarter. OLD Second National Bank of Aurora acquired a new stake in shares of Pioneer Natural Resources in the fourth quarter valued at approximately $34,000. Criterion Capital Advisors LLC acquired a new stake in shares of Pioneer Natural Resources in the fourth quarter valued at approximately $37,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Pioneer Natural Resources in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Wall Street Analyst Weigh In

PXD has been the subject of a number of research reports. Susquehanna raised their price target on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Mizuho raised their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Truist Financial raised their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research note on Friday, April 5th. StockNews.com began coverage on shares of Pioneer Natural Resources in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Scotiabank raised their price objective on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Pioneer Natural Resources presently has an average rating of “Hold” and an average target price of $264.10.

View Our Latest Stock Report on Pioneer Natural Resources

Pioneer Natural Resources Stock Performance

PXD opened at $269.62 on Thursday. The stock has a market capitalization of $63.00 billion, a P/E 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 firm’s fifty day simple moving average is $266.94 and its 200 day simple moving average is $242.99. 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:PXDGet Free Report) last issued 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). Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the previous year, the firm posted $5.91 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that Pioneer Natural Resources will post 22.07 EPS for the current fiscal year.

Insider Buying and Selling at Pioneer Natural Resources

In other news, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the transaction, the chief accounting officer now directly owns 4,990 shares in the company, valued at approximately $1,302,140.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the completion of the sale, the director now owns 462,112 shares of the company’s stock, valued at approximately $108,711,848. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $260.95, for a total transaction of $369,505.20. Following the sale, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,766 shares of company stock worth $9,067,373. Insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Profile

(Free Report)

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.

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

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