Pioneer Natural Resources (PXD) : Nikko Asset Management Americas scooped up 10,600 additional shares in Pioneer Natural Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 112,500 shares of Pioneer Natural Resources which is valued at $17,311,500.Pioneer Natural Resources makes up approximately 1.60% of Nikko Asset Management Americas’s portfolio.
Other Hedge Funds, Including , Murphy Capital Management Inc boosted its stake in PXD in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 106,550 shares of Pioneer Natural Resources which is valued at $16,395,914. Pioneer Natural Resources makes up approx 2.46% of Murphy Capital Management Inc’s portfolio.Sumitomo Life Insurance Co reduced its stake in PXD by selling 490 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 13,898 shares of PXD which is valued at $2,179,901. Pioneer Natural Resources makes up approx 0.29% of Sumitomo Life Insurance Co’s portfolio.First Manhattan Co boosted its stake in PXD in the latest quarter, The investment management firm added 842 additional shares and now holds a total of 5,759 shares of Pioneer Natural Resources which is valued at $903,299. Pioneer Natural Resources makes up approx 0.01% of First Manhattan Co’s portfolio. Augustine Asset Management Inc added PXD to its portfolio by purchasing 17,470 company shares during the most recent quarter which is valued at $2,693,175. Pioneer Natural Resources makes up approx 2.09% of Augustine Asset Management Inc’s portfolio.
Pioneer Natural Resources closed down -1.02 points or -0.66% at $153.88 with 18,01,484 shares getting traded on Wednesday. Post opening the session at $153.69, the shares hit an intraday low of $152.71 and an intraday high of $155.9 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Pioneer Natural Resources reported $-0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $-0.75. The company had revenue of $685.00 million for the quarter, compared to analysts expectations of $752.01 million. The company’s revenue was down -21.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.
Many Wall Street Analysts have commented on Pioneer Natural Resources. 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. Shares were Reiterated by Wunderlich on Jun 16, 2016 to “Buy” and Lowered the Price Target to $ 176 from a previous price target of $177 .
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.