Pioneer Natural Resources Company (PXD) : Traders are increasing their bearish positions on the stock, as is visible by the 10.8% jump in the outstanding short positions; a total addition of 713,181 shares on the sell side. On Jul 29, 2016, the total short positions were 6,610,627 shares, which went up to 7,323,808 shares by the close of trading on August 15, 2016. It will take 4 days for the bears to roll over or cover. An average of 1,985,913 shares exchange hands daily. 4.4% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Pioneer Natural Resources Company (NYSE:PXD): The stock opened at $181.86 on Wednesday but the bulls could not build on the opening and the stock topped out at $182.58 for the day. The stock traded down to $180.21 during the day, due to lack of any buying support eventually closed down at $180.58 with a loss of -0.92% for the day. The stock had closed at $182.25 on the previous day. The total traded volume was 2,034,998 shares.
In a related news, Sheffield Scott D, (Chairman & CEO) of Pioneer Natural Resources Co, unloaded 20,000 shares at an average price of $175.81 on August 12, 2016. The total amount of the transaction was worth $3,516,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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 Companys 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 Companys operations include well stimulation and hydraulic fracturing. The Companys 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.