Pioneer Natural Resources (PXD) : Zweig-dimenna Associates added new position in Pioneer Natural Resources during the most recent quarter end. The investment management firm now holds 92,896 shares of Pioneer Natural Resources which is valued at $16,182,483 , the company said in a statement filed on Aug 8, 2016 with the SEC.Pioneer Natural Resources makes up approximately 1.57% of Zweig-dimenna Associates’s portfolio.
Other Hedge Funds, Including , Central Trust Co boosted its stake in PXD in the latest quarter, The investment management firm added 1,095 additional shares and now holds a total of 16,550 shares of Pioneer Natural Resources which is valued at $2,883,010. Pioneer Natural Resources makes up approx 0.21% of Central Trust Co’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in PXD in the latest quarter, The investment management firm added 54,200 additional shares and now holds a total of 76,000 shares of Pioneer Natural Resources which is valued at $12,396,360. Pioneer Natural Resources makes up approx 0.16% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Hudock Capital Group boosted its stake in PXD in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 725 shares of Pioneer Natural Resources which is valued at $118,255. Pioneer Natural Resources makes up approx 0.06% of Hudock Capital Group’s portfolio.Seven Bridges Advisors reduced its stake in PXD by selling 4,175 shares or 75.0% in the most recent quarter. The Hedge Fund company now holds 1,392 shares of PXD which is valued at $209,677. Pioneer Natural Resources makes up approx 0.17% of Seven Bridges Advisors’s portfolio.
Pioneer Natural Resources opened for trading at $177 and hit $180.26 on the upside on Monday, eventually ending the session at $179.15, with a gain of 1.49% or 2.63 points. The heightened volatility saw the trading volume jump to 19,77,381 shares. Company has a market cap of $30,385 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.