Calamos Advisors Lowers stake in Pioneer Natural Resources (PXD)

Pioneer Natural Resources (PXD) : Calamos Advisors reduced its stake in Pioneer Natural Resources by 9.17% during the most recent quarter end. The investment management company now holds a total of 343,555 shares of Pioneer Natural Resources which is valued at $51,749,690 after selling 34,692 shares in Pioneer Natural Resources , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Pioneer Natural Resources makes up approximately 0.47% of Calamos Advisors’s portfolio.

Other Hedge Funds, Including , Artemis Investment Management Llp reduced its stake in PXD by selling 994 shares or 6.52% in the most recent quarter. The Hedge Fund company now holds 14,251 shares of PXD which is valued at $2,146,628. Pioneer Natural Resources makes up approx 0.06% of Artemis Investment Management Llp’s portfolio.Shell Asset Management Co boosted its stake in PXD in the latest quarter, The investment management firm added 11,888 additional shares and now holds a total of 28,808 shares of Pioneer Natural Resources which is valued at $4,339,349. Pioneer Natural Resources makes up approx 0.10% of Shell Asset Management Co’s portfolio. Fox Run Management L.l.c. added PXD to its portfolio by purchasing 3,800 company shares during the most recent quarter which is valued at $584,744. Pioneer Natural Resources makes up approx 0.27% of Fox Run Management L.l.c.’s portfolio.

Pioneer Natural Resources opened for trading at $157.62 and hit $163.13 on the upside on Friday, eventually ending the session at $162.57, with a gain of 3.19% or 5.03 points. The heightened volatility saw the trading volume jump to 26,84,318 shares. Company has a market cap of $26,589 M.

On the company’s financial health, Pioneer Natural Resources reported $-0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.35. The company had revenue of $786.00 million for the quarter, compared to analysts expectations of $783.47 million. The company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Pioneer Natural Resources. Pioneer Natural Resources was Upgraded by CapitalOne to ” Overweight” on Jul 28, 2016. Company shares were Upgraded by KLR Group on Jul 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 218 from a previous price target of $172 .Pioneer Natural Resources was Initiated by Credit Agricole to “Buy” on Jun 22, 2016.

Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States. The Company 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 liquid-rich 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 operations include well stimulation and hydraulic fracturing. The Company’s proved reserves include approximately 89 million Bbls (MMBbl) of oil 42 MMBbls of NGLs and 317 billion cubic feet (Bcf) of gas. The Company owns interests in six gas processing plants and eight treating facilities.

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