Recently, it was reported that Meeder Asset Management Inc. increased its position in Pioneer Natural Resources by 158.6% in the fourth quarter. The move follows a slew of good news for the company, including impressive earnings results released on April 26th.
Pioneer Natural Resources is an independent oil and gas exploration and production company that is focused on hydrocarbon exploration in the Cline Shale. However, it also operates in other areas such as the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects.
The company was founded by Scott Douglas Sheffield on April 2nd, 1997 and is headquartered in Irving, TX. With a net margin of over 31% and a return on equity of 30.71%, Pioneer Natural Resources has been able to achieve significant financial success.
According to their most recent earnings report, Pioneer Natural Resources posted an EPS of $5.21 for quarter one of this year. This result was higher than analysts’ consensus estimates of $4.90 by $0.31 per share.
In light of these great results, Meeder Asset Management Inc.’s purchase of an additional 13,089 shares for a total holding worth $4,874,000 seems like a savvy investment decision. Their confidence may be well-placed since sell-side analysts anticipate that Pioneer Natural Resources will post approximately 21.1 earnings per share for the current fiscal year.
Overall, Pioneer Natural Resources is proving to be an attractive prospect for investors who seek returns from the booming oil and gas industry sector despite its recent revenue drop compared to last year’s corresponding period.
With all this in mind, if you’re considering exploring investments within the energy sector; you should keep Pioneer’s historical financial performance thus far combined with notable investor confidence as part of your overall consideration factors before making any investment decisions yourself!
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Investors Show Confidence in Pioneer Natural Resources Amid Market Shifts
Pioneer Natural Resources: Making Moves in the Market
Investors in Pioneer Natural Resources have been making some notable shifts recently, with several large financial institutions changing their positions. Newbridge Financial Services Group Inc. invested around $27,000 in a new stake in the company during the fourth quarter of 2020, while Accurate Wealth Management LLC also bought a new position worth approximately $34,000. Additionally, Evermay Wealth Management LLC increased its shareholdings by 48.2% during the third quarter and now owns 123 of Pioneer Natural Resources’ stocks valued at $27,000 after purchasing 40 additional shares.
MinichMacGregor Wealth Management LLC and VitalStone Financial LLC have both also recently acquired stakes in the oil and gas exploration firm worth roughly $36,000 each as well. With institutional investors and hedge funds owning almost 90% of Pioneer’s stock at present, it is clear that there is considerable confidence in this energy industry giant.
This sentiment could well be supported by recent market performance too – Pioneer Natural Resource opened Tuesday morning trading at $201.72 per share. The company currently has a debt-to-equity ratio of 0.23 with a current ratio of 0.88 and quick ratio of 0.76. The business’s fifty-day moving average price sits at $212.39 while its 200-day moving average price is $216.73.
With a market capitalization of over $47 billion as well as a PE ratio of just over seven – along with a price-to-earnings-growth ratio of 1.14 and beta rating of 1.43 – Pioneer Natural Resource shows healthy signs across many key metrics.
Irving-based Pioneer focuses on hydrocarbon exploration through projects including the Cline Shale area in West Texas as well as those located in Eagle Ford Shale, Rockies, and West Panhandle operations.
To add even more interest to the mix, Pioneer Natural Resources recently announced a quarterly dividend payout of $3.34 per share to be paid on 21st June this year. Shareholders of the company recorded on or before Thursday, 1st June will qualify for this dividend and could earn an annual return of $13.36 – amounting to a yield of 6.62%.
However, stock analysts’ reception to these developments has been varied – StockNews.com started covering Pioneer Natural Resources in May with a “sell” rating while Truist Financial lowered their target price from $229 to $220 as recently as April.
Nevertheless, with three “sell” ratings contrasted against fifteen positive outlooks and one “strong buy” rating among marketplace experts, Pioneer still maintains an overall consensus rating of “Moderate Buy” with an average target price value coming in at around $258.50.
In summary, the recent activity surrounding oil and gas producer Pioneer Natural Resources suggests potential gains in this market being made by those investors bold enough to back it. While questioning stock analysts offer some words of caution regarding its performance going forward, Pioneer’s positive figures look strong enough to suggest that there are gains yet to be realized by savvy shareholders’.