Reliant Investment Management buys $3,512,248 stake in Pioneer Natural Resources (PXD)

Pioneer Natural Resources (PXD) : Reliant Investment Management scooped up 93 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 1, 2016. The investment management firm now holds a total of 21,533 shares of Pioneer Natural Resources which is valued at $3,512,248.Pioneer Natural Resources makes up approximately 3.06% of Reliant Investment Management’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in PXD in the latest quarter, The investment management firm added 1,422 additional shares and now holds a total of 11,738 shares of Pioneer Natural Resources which is valued at $1,914,585. Pioneer Natural Resources makes up approx 0.03% of Ngam Advisors’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in PXD in the latest quarter, The investment management firm added 218 additional shares and now holds a total of 12,489 shares of Pioneer Natural Resources which is valued at $2,030,337. Pioneer Natural Resources makes up approx 0.06% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Signaturefd boosted its stake in PXD in the latest quarter, The investment management firm added 181 additional shares and now holds a total of 453 shares of Pioneer Natural Resources which is valued at $73,644. Pioneer Natural Resources makes up approx 0.01% of Signaturefd’s portfolio.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.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 closed down -0.21 points or -0.13% at $162.9 with 21,79,593 shares getting traded on Thursday. Post opening the session at $161.55, the shares hit an intraday low of $160.2001 and an intraday high of $165.46 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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