Columbus Hill Capital Management buys $61,870,260 stake in Pioneer Natural Resources (PXD)

Pioneer Natural Resources (PXD) : Columbus Hill Capital Management scooped up 167,500 additional shares in Pioneer Natural Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 350,500 shares of Pioneer Natural Resources which is valued at $61,870,260.Pioneer Natural Resources makes up approximately 6.85% of Columbus Hill Capital Management’s portfolio.

Other Hedge Funds, Including , Bayesian Capital Management Lp added PXD to its portfolio by purchasing 2,531 company shares during the most recent quarter which is valued at $446,772. Pioneer Natural Resources makes up approx 0.25% of Bayesian Capital Management Lp’s portfolio. Engineers Gate Manager Lp added PXD to its portfolio by purchasing 20,100 company shares during the most recent quarter which is valued at $3,548,052. Pioneer Natural Resources makes up approx 0.24% of Engineers Gate Manager Lp’s portfolio.Keybank National Associationoh reduced its stake in PXD by selling 3,283 shares or 44.53% in the most recent quarter. The Hedge Fund company now holds 4,089 shares of PXD which is valued at $721,790. Sit Investment Associates Inc added PXD to its portfolio by purchasing 2,300 company shares during the most recent quarter which is valued at $373,911. Pioneer Natural Resources makes up approx 0.01% of Sit Investment Associates Inc’s portfolio.Millie Capital Management reduced its stake in PXD by selling 38 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 19,536 shares of PXD which is valued at $2,996,822. Pioneer Natural Resources makes up approx 3.09% of Millie Capital Management’s portfolio.

Pioneer Natural Resources opened for trading at $179.31 and hit $183.01 on the upside on Monday, eventually ending the session at $182.92, with a gain of 1.91% or 3.42 points. The heightened volatility saw the trading volume jump to 17,07,381 shares. Company has a market cap of $31,025 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. Williams Capital Group Initiated Pioneer Natural Resources on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $217.Pioneer Natural Resources was Initiated by Bernstein to “Outperform” on Aug 17, 2016. Pioneer Natural Resources was Downgraded by Societe Generale to ” Sell” on Aug 4, 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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