Pioneer Natural Resources (PXD) : British Airways Pensions Investment Management Ltd added new position in Pioneer Natural Resources during the most recent quarter end. The investment management firm now holds 173,870 shares of Pioneer Natural Resources which is valued at $26,190,038 , the company said in a statement filed on Jul 26, 2016 with the SEC.Pioneer Natural Resources makes up approximately 0.77% of British Airways Pensions Investment Management Ltd’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.Verde Servicos Internacionais S.a. reduced its stake in PXD by selling 5,800 shares or 19.64% in the most recent quarter. The Hedge Fund company now holds 23,739 shares of PXD which is valued at $3,652,957. Pioneer Natural Resources makes up approx 0.30% of Verde Servicos Internacionais S.a.’s portfolio.Barometer Capital Management boosted its stake in PXD in the latest quarter, The investment management firm added 4,750 additional shares and now holds a total of 8,350 shares of Pioneer Natural Resources which is valued at $1,309,698. Pioneer Natural Resources makes up approx 0.13% of Barometer Capital Management’s portfolio.Nisa Investment Advisors boosted its stake in PXD in the latest quarter, The investment management firm added 3,980 additional shares and now holds a total of 53,302 shares of Pioneer Natural Resources which is valued at $8,360,419. Pioneer Natural Resources makes up approx 0.11% of Nisa Investment Advisors’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.