Key Group Holdings (cayman) Ltd. adds Pioneer Natural Resources (PXD) to its portfolio

Pioneer Natural Resources (PXD) : Key Group Holdings (cayman) Ltd. added new position in Pioneer Natural Resources during the most recent quarter end. The investment management firm now holds 437,461 shares of Pioneer Natural Resources which is valued at $77,220,616 , the company said in a statement filed on Aug 12, 2016 with the SEC.Pioneer Natural Resources makes up approximately 6.79% of Key Group Holdings (cayman) Ltd.’s portfolio.

Other Hedge Funds, Including , Transamerica Financial Advisors boosted its stake in PXD in the latest quarter, The investment management firm added 9,483 additional shares and now holds a total of 9,668 shares of Pioneer Natural Resources which is valued at $1,706,595. Pioneer Natural Resources makes up approx 0.17% of Transamerica Financial Advisors’s portfolio.Comerica Bank boosted its stake in PXD in the latest quarter, The investment management firm added 6,162 additional shares and now holds a total of 58,588 shares of Pioneer Natural Resources which is valued at $10,341,954. Pioneer Natural Resources makes up approx 0.09% of Comerica Bank’s portfolio.Quantitative Investment Management boosted its stake in PXD in the latest quarter, The investment management firm added 24,200 additional shares and now holds a total of 45,500 shares of Pioneer Natural Resources which is valued at $7,421,505. Pioneer Natural Resources makes up approx 0.33% of Quantitative Investment Management’s portfolio.Pitcairn Co boosted its stake in PXD in the latest quarter, The investment management firm added 2,541 additional shares and now holds a total of 4,615 shares of Pioneer Natural Resources which is valued at $695,157. Pioneer Natural Resources makes up approx 0.09% of Pitcairn Co’s portfolio.Miller Howard Investments Inc Ny reduced its stake in PXD by selling 15,116 shares or 33.28% in the most recent quarter. The Hedge Fund company now holds 30,305 shares of PXD which is valued at $4,648,787. Pioneer Natural Resources makes up approx 0.08% of Miller Howard Investments Inc Ny’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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