Pioneer Natural Resources (NYSE:PXD) has been making headlines lately as Security National Bank increased its stake in the company by 5.5% in the fourth quarter. According to the latest Form 13F filing with the Securities & Exchange Commission, the fund owned 21,475 shares of Pioneer Natural Resources worth $4,905,000 as of its most recent SEC filing.
Pioneer Natural Resources operates as an independent oil and gas exploration and production company. The firm focuses on hydrocarbon exploration in the Cline Shale and operates in various locations such as the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects.
Interestingly enough, Pioneer Natural Resources last posted its earnings results on Wednesday, February 22nd. Despite economic uncertainty caused by Covid-19, Pioneer reported an impressive $5.91 earnings per share (EPS) for Q4 2020, topping the consensus estimate of $5.83 by $0.08. The firm had revenue of $5.11 billion for the quarter compared to analyst estimates of $5.59 billion.
Pioneer Natural Resources continues to soar high in revenue growth with an increase of 18.3% on a year-over-year basis during Q4 2020 while having a remarkable return on equity standing at 33.15% alongside a net margin of 32.29%. This applaudable performance has led many sell-side analysts surveyed expecting that Pioneer Natural Resources will post 21.4 earnings per share for this year.
The financial strength displayed by Solo Energy provides insight into how they continue to weather through uncertain times within their market while developing new strategies to sustain profitability moving forward despite tough macroeconomic headwinds.
However lucrative these investments may seem at first glance; potential investors should take note that it is critical always to research thoroughly what they invest their cash into instead of blindly following trends from others’ actions that have grand holdings. As they always say, “Knowledge is power.”
Pioneer Natural Resources Co. sees surge in institutional investor interest and financial strength
Pioneer Natural Resources Co. has long been a major player in the oil and gas exploration industry, and a recent surge in interest from institutional investors has highlighted the company’s continued popularity. Numerous firms have recently increased their position in shares of Pioneer Natural Resources, including Evermay Wealth Management LLC, CVA Family Office LLC, Householder Group Estate & Retirement Specialist LLC, Montecito Bank & Trust, and Griffin Asset Management Inc. Collectively these firms now own 89.75% of the stock.
