Sprinkle Financial Consultants LLC Purchases New Position in Pioneer Natural Resources (NYSE:PXD)

Sprinkle Financial Consultants LLC purchased a new stake in shares of Pioneer Natural Resources (NYSE:PXD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,457 shares of the oil and gas development company’s stock, valued at approximately $328,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hartford Financial Management Inc. lifted its stake in shares of Pioneer Natural Resources by 61.1% during the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after purchasing an additional 44 shares during the last quarter. Sachetta LLC bought a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at about $27,000. Jones Financial Companies Lllp grew its position in shares of Pioneer Natural Resources by 85.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after buying an additional 68 shares during the last quarter. OLD Second National Bank of Aurora purchased a new stake in Pioneer Natural Resources during the fourth quarter valued at approximately $34,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Pioneer Natural Resources during the fourth quarter valued at approximately $37,000. 80.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $235.25, for a total value 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 SEC, which is available through this hyperlink. In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction that occurred 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 owns 462,112 shares of the company’s stock, valued at $108,711,848. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the sale, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,766 shares of company stock worth $9,067,373. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PXD. Truist Financial upped their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Stifel Nicolaus increased their price target on Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Scotiabank boosted their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Mizuho upped their price objective 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Two research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $264.10.

Pioneer Natural Resources Stock Performance

Shares of PXD stock remained flat at $269.62 during mid-day trading on Friday. Pioneer Natural Resources has a 12-month low of $196.74 and a 12-month high of $278.83. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $63.00 billion, a PE ratio of 13.32 and a beta of 1.28. The firm has a 50-day moving average price of $269.25 and a 200-day moving average price of $244.69.

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.