Oceanic Investment Management Ltd buys $19,459,023 stake in Pioneer Natural Resources (PXD)

Pioneer Natural Resources (PXD) : Oceanic Investment Management Ltd scooped up 30,900 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 3, 2016. The investment management firm now holds a total of 119,300 shares of Pioneer Natural Resources which is valued at $19,459,023.Pioneer Natural Resources makes up approximately 9.77% of Oceanic Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in PXD in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 337,309 shares of Pioneer Natural Resources which is valued at $55,018,471. Pioneer Natural Resources makes up approx 0.09% of California Public Employees Retirement System’s portfolio. Palisade Capital Managementnj sold out all of its stake in PXD during the most recent quarter. The investment firm sold 1,880 shares of PXD which is valued $306,647.Nippon Life Insurance Co boosted its stake in PXD in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 10,535 shares of Pioneer Natural Resources which is valued at $1,718,364. Pioneer Natural Resources makes up approx 0.04% of Nippon Life Insurance Co’s portfolio.Northeast Investment Management boosted its stake in PXD in the latest quarter, The investment management firm added 4,092 additional shares and now holds a total of 30,581 shares of Pioneer Natural Resources which is valued at $4,988,067. Pioneer Natural Resources makes up approx 0.49% of Northeast Investment Management’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.

Pioneer Natural Resources opened for trading at $169.75 and hit $172.5 on the upside on Monday, eventually ending the session at $170.65, with a gain of 1.52% or 2.56 points. The heightened volatility saw the trading volume jump to 20,59,831 shares. Company has a market cap of $28,944 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 Downgraded by Societe Generale to ” Sell” on Aug 4, 2016. Company shares were Upgraded by Barclays on Aug 2, 2016 to ” Overweight”, Firm has raised the Price Target to $ 175 from a previous price target of $152 .Pioneer Natural Resources was Upgraded by CapitalOne to ” Overweight” on Jul 28, 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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