November 25, 2016 - By Richard Conner · 0 Comments
Pioneer Natural Resources Co (NYSE:PXD) institutional sentiment decreased to 1.13 in Q2 2016. Its down -0.50, from 1.63 in 2016Q1. The ratio has worsened, as 345 institutional investors increased and opened new equity positions, while 212 decreased and sold their holdings in Pioneer Natural Resources Co. The institutional investors in our partner’s database reported: 156.03 million shares, down from 156.77 million shares in 2016Q1. Also, the number of institutional investors holding Pioneer Natural Resources Co in their top 10 equity positions increased from 28 to 35 for an increase of 7. Sold All: 45 Reduced: 167 Increased: 232 New Position: 113.
Pioneer Natural Resources Company is an independent gas and oil exploration and production firm with activities in the United States. The company has a market cap of $31.27 billion. The Firm operates through the gas and oil development, exploration and production segment. It currently has negative earnings. The Firm focuses on production of oil, natural gas liquid and gas through development drilling, production enhancement activities and acquisitions of producing properties.
The stock decreased 1.96% or $3.64 during the last trading session, hitting $181.87. About 582,098 shares traded hands. Pioneer Natural Resources (NYSE:PXD) has risen 21.13% since April 22, 2016 and is uptrending. It has outperformed by 15.72% the S&P500.
Analysts await Pioneer Natural Resources (NYSE:PXD) to report earnings on February, 8. They expect $0.39 EPS, up 316.67% or $0.57 from last year’s $-0.18 per share. PXD’s profit will be $67.06 million for 116.58 P/E if the $0.39 EPS becomes a reality. After $0.13 actual EPS reported by Pioneer Natural Resources for the previous quarter, Wall Street now forecasts 200.00% EPS growth.
According to Zacks Investment Research, “Pioneer Natural Resources is an oil and gas exploration and production company with ownership interests in oil and gas properties located in the United States, Argentina, Canada, South Africa and Gabon. The company provides administrative, financial and management support to United States and foreign subsidiaries that explore for, develop and produce oil, natural gas liquid and natural gas reserves.”
Glaxis Capital Management Llc holds 35.96% of its portfolio in Pioneer Natural Resources for 15,000 shares. Astenbeck Capital Management Llc owns 150,545 shares or 18.72% of their US portfolio. Moreover, Spo Advisory Corp has 18.4% invested in the company for 6.08 million shares. The Brazil-based Gavea Investimentos Ltda has invested 16.34% in the stock. Frontier Investment Mgmt Co, a Texas-based fund reported 600,274 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 13 insider sales for $19.93 million net activity.
Ratings analysis reveals 88% of Pioneer Natural Resources’s analysts are positive. Out of 25 Wall Street analysts rating Pioneer Natural Resources, 22 give it “Buy”, 2 “Sell” rating, while 1 recommend “Hold”. The lowest target is $96 while the high is $218. The stock’s average target of $178.24 is -2.00% below today’s ($181.87) share price. PXD was included in 73 notes of analysts from July 21, 2015. The stock of Pioneer Natural Resources (NYSE:PXD) earned “Outperform” rating by iBERIA Capital Partners on Tuesday, April 26. KLR Group upgraded Pioneer Natural Resources (NYSE:PXD) rating on Monday, July 18. KLR Group has “Buy” rating and $218 price target. As per Friday, March 18, the company rating was reinitiated by RBC Capital Markets. The firm has “Buy” rating by Topeka Capital Markets given on Tuesday, October 13. Wunderlich maintained it with “Buy” rating and $178 target price in Wednesday, November 4 report. The stock of Pioneer Natural Resources (NYSE:PXD) earned “Outperform” rating by RBC Capital Markets on Wednesday, January 6. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, March 15 report. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, August 22. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, January 12. The firm has “Underperform” rating given on Monday, August 10 by CLSA.
Pioneer Natural Resources Company, incorporated on April 2, 1997, is an independent gas and oil exploration and production firm with activities in the United States. The Firm operates through the gas and oil development, exploration and production segment. The Firm focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties. The Company’s properties include Spraberry/Wolfcamp oil field located in West Texas; the Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle, and the Edwards gas field located in South Texas. The Company’s activities include well stimulation and completion activities, such as hydraulic fracturing, and water distribution and disposal activities. The Firm owns interests in over seven gas processing plants and approximately eight treating facilities.
More important recent Pioneer Natural Resources (NYSE:PXD) news were published by: Businesswire.com which released: “Pioneer Natural Resources to Present at Jefferies 2016 Energy Conference” on November 17, 2016, also Realmoney.Thestreet.com published article titled: “Pioneer Natural Resources Enjoys Positive Charts”, Seekingalpha.com published: “Pioneer Natural Resources: Can You Compound Growth?” on November 04, 2016. More interesting news about Pioneer Natural Resources (NYSE:PXD) was released by: Seekingalpha.com and their article: “Pioneer Natural Resources (PXD) Q3 2016 Results – Earnings Call Transcript” with publication date: November 02, 2016.
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By Richard Conner