Guggenheim Capital LLC raised its position in Pioneer Natural Resources (NYSE:PXD – Get Rating) by 6.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,793 shares of the oil and gas development company’s stock after purchasing an additional 10,585 shares during the quarter. Guggenheim Capital LLC owned 0.07% of Pioneer Natural Resources worth $35,899,000 as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TimeScale Financial Inc. raised its position in Pioneer Natural Resources by 18.6% in the 3rd quarter. TimeScale Financial Inc. now owns 261 shares of the oil and gas development company’s stock worth $57,000 after purchasing an additional 41 shares during the period. Householder Group Estate & Retirement Specialist LLC raised its position in Pioneer Natural Resources by 3.5% in the 3rd quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,240 shares of the oil and gas development company’s stock worth $268,000 after purchasing an additional 42 shares during the period. Montecito Bank & Trust raised its position in Pioneer Natural Resources by 1.4% in the 3rd quarter. Montecito Bank & Trust now owns 3,113 shares of the oil and gas development company’s stock worth $674,000 after purchasing an additional 43 shares during the period. Griffin Asset Management Inc. raised its position in Pioneer Natural Resources by 0.9% in the 3rd quarter. Griffin Asset Management Inc. now owns 4,958 shares of the oil and gas development company’s stock worth $1,074,000 after purchasing an additional 45 shares during the period. Finally, Lyell Wealth Management LP raised its position in Pioneer Natural Resources by 2.6% in the 3rd quarter. Lyell Wealth Management LP now owns 1,769 shares of the oil and gas development company’s stock worth $383,000 after purchasing an additional 45 shares during the period. 89.75% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
PXD has been the topic of a number of research reports. Truist Financial raised their target price on shares of Pioneer Natural Resources from $219.00 to $261.00 in a research report on Monday, October 31st. Piper Sandler raised their target price on shares of Pioneer Natural Resources from $346.00 to $347.00 and gave the stock an “overweight” rating in a research report on Thursday, November 17th. Citigroup reduced their target price on shares of Pioneer Natural Resources from $255.00 to $232.00 and set a “neutral” rating on the stock in a research report on Thursday, February 2nd. Mizuho reaffirmed a “buy” rating and set a $294.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, January 10th. Finally, Barclays lifted their price objective on shares of Pioneer Natural Resources from $277.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 23rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Pioneer Natural Resources presently has an average rating of “Hold” and a consensus target price of $273.11.
Pioneer Natural Resources Stock Performance
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PXD traded down $1.63 on Wednesday, reaching $204.31. The stock had a trading volume of 499,445 shares, compared to its average volume of 1,978,942. The company has a market cap of $49.43 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 1.03 and a beta of 1.39. The business’s 50-day moving average price is $227.45 and its two-hundred day moving average price is $237.24. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. Pioneer Natural Resources has a 12-month low of $200.09 and a 12-month high of $288.46.
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.
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