Prevail Innovative Wealth Advisors LLC Sells 10,872 Shares of Pioneer Natural Resources (NYSE:PXD)

Prevail Innovative Wealth Advisors LLC lowered its stake in shares of Pioneer Natural Resources (NYSE:PXDFree Report) by 92.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 928 shares of the oil and gas development company’s stock after selling 10,872 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Pioneer Natural Resources were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Pioneer Natural Resources by 0.6% during the third quarter. Vanguard Group Inc. now owns 20,015,751 shares of the oil and gas development company’s stock worth $4,594,616,000 after purchasing an additional 113,751 shares during the period. Clearbridge Investments LLC boosted its position in shares of Pioneer Natural Resources by 7.6% in the third quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock valued at $748,271,000 after acquiring an additional 231,470 shares during the period. Northern Trust Corp boosted its position in shares of Pioneer Natural Resources by 2.2% in the third quarter. Northern Trust Corp now owns 2,497,868 shares of the oil and gas development company’s stock valued at $573,386,000 after acquiring an additional 54,841 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Pioneer Natural Resources by 7.5% in the third quarter. Ameriprise Financial Inc. now owns 1,923,819 shares of the oil and gas development company’s stock valued at $443,574,000 after acquiring an additional 134,982 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Pioneer Natural Resources by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,797,231 shares of the oil and gas development company’s stock valued at $404,163,000 after acquiring an additional 52,371 shares during the period. Institutional investors own 80.57% of the company’s stock.

Insider Buying and Selling

In related news, Director J Kenneth Thompson sold 1,000 shares of Pioneer Natural Resources stock in a transaction on Friday, March 15th. The shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the sale, the director now owns 16,070 shares in the company, valued at $4,017,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director J Kenneth Thompson sold 1,000 shares of Pioneer Natural Resources stock in a transaction on Friday, March 15th. The shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the sale, the director now owns 16,070 shares in the company, valued at $4,017,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott D. Sheffield sold 7,500 shares of Pioneer Natural Resources stock in a transaction on Monday, March 18th. The shares were sold at an average price of $252.33, for a total transaction of $1,892,475.00. Following the completion of the sale, the director now owns 447,112 shares in the company, valued at approximately $112,819,770.96. The disclosure for this sale can be found here. Insiders have sold a total of 23,266 shares of company stock valued at $5,894,648 over the last three months. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PXD. 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 report on Thursday, April 11th. StockNews.com began coverage on shares of Pioneer Natural Resources in a research report on Friday. They issued a “hold” rating for the company. Susquehanna raised their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Mizuho raised their target price 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. Finally, Truist Financial raised their target price 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. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $264.10.

Get Our Latest Stock Analysis on PXD

Pioneer Natural Resources Price Performance

Shares of NYSE PXD remained flat at $269.62 during mid-day trading on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year high of $278.83. The stock has a 50 day moving average price of $269.48 and a 200-day moving average price of $245.02. The firm has a market capitalization of $63.00 billion, a PE ratio of 13.32 and a beta of 1.28.

About Pioneer Natural Resources

(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.

See Also

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

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