Hartline Investment Corp Has $454,000 Stock Position in Pioneer Natural Resources (NYSE:PXD)

Hartline Investment Corp lowered its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 7.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,020 shares of the oil and gas development company’s stock after selling 151 shares during the quarter. Hartline Investment Corp’s holdings in Pioneer Natural Resources were worth $454,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dai ichi Life Insurance Company Ltd increased its position in shares of Pioneer Natural Resources by 45.5% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company’s stock worth $4,839,000 after acquiring an additional 6,589 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Pioneer Natural Resources by 610.6% during the third quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock worth $141,965,000 after acquiring an additional 531,418 shares in the last quarter. Banco Santander S.A. increased its position in shares of Pioneer Natural Resources by 7.1% during the third quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock worth $11,847,000 after acquiring an additional 3,438 shares in the last quarter. SCP Investment LP increased its position in shares of Pioneer Natural Resources by 80.0% during the third quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock worth $413,000 after acquiring an additional 800 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Pioneer Natural Resources by 34.2% during the third quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock worth $101,122,000 after acquiring an additional 112,261 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PXD shares. Stifel Nicolaus boosted their target price 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. 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. Scotiabank upped their price objective on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a research report on Sunday. They issued a “hold” rating for the company. Finally, 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. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $264.10.

Insiders Place Their Bets

In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now directly owns 11,132 shares in the company, valued at approximately $2,906,787.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the transaction, the director now owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the completion of the transaction, the director now directly owns 462,112 shares in the company, valued at approximately $108,711,848. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 in the last three months. 0.55% of the stock is currently owned by corporate insiders.

Pioneer Natural Resources Stock Performance

PXD traded up $0.29 during midday trading on Wednesday, reaching $275.52. The company had a trading volume of 1,269,073 shares, compared to its average volume of 1,991,663. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. The stock has a market cap of $64.37 billion, a PE ratio of 13.59 and a beta of 1.31. Pioneer Natural Resources has a 12-month low of $196.74 and a 12-month high of $278.83. The business has a 50-day moving average price of $252.53 and a two-hundred day moving average price of $239.17.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.91 earnings per share. On average, sell-side analysts expect that Pioneer Natural Resources will post 21.66 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 annualized dividend and a yield of 3.72%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is presently 24.70%.

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.