November 28, 2016 - By Michael Collier
The Chairman & CEO of Pioneer Natural Resources Co, Scott Sheffield has made a sudden transaction in the Texas-based company that is worth $1,851,441 U.S. Dollars. As reported in the Security Exchange Commission document filed on November 28, 2016, Scott sold 10,000 shares based on an average share price of $185.1. The regulatory filing shows that Scott Sheffield now holds exactly 0.40% of the Texas-based company’s total market capitalization
Out of 25 analysts covering Pioneer Natural Resources (NYSE:PXD), 22 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 88% are positive. $218 is the highest target while $96 is the lowest. The $178.24 average target is 3.03% above today’s ($173) stock price. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, August 2 the stock rating was upgraded by Barclays Capital to “Overweight”. UBS maintained Pioneer Natural Resources (NYSE:PXD) rating on Tuesday, April 26. UBS has “Buy” rating and $185 price target. BMO Capital Markets upgraded Pioneer Natural Resources (NYSE:PXD) on Tuesday, January 12 to “Outperform” rating. The firm has “Equalweight” rating given on Thursday, July 14 by Barclays Capital. The firm has “Buy” rating by Drexel Hamilton given on Tuesday, April 5. The firm earned “Buy” rating on Tuesday, November 3 by Topeka Capital Markets. The rating was upgraded by Raymond James on Tuesday, December 1 to “Strong Buy”. As per Monday, October 10, the company rating was maintained by Wunderlich. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, March 15 report. The rating was reinitiated by RBC Capital Markets with “Outperform” on Friday, March 18.
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.50, from 1.63 in 2016Q1. The ratio dived, as 45 funds sold all Pioneer Natural Resources shares owned while 167 reduced positions. 113 funds bought stakes while 232 increased positions. They now own 156.03 million shares or 0.47% less from 156.77 million shares in 2016Q1.
Hartline Inv holds 0.22% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 4,033 shares. Sei has 0.09% invested in the company for 103,988 shares. Hodges Mgmt has 2,600 shares for 0.02% of their US portfolio. Ikos Cif Ltd holds 2,919 shares or 1.51% of its portfolio. Fincl Bank Of Hawaii reported 1,750 shares or 0.03% of all its holdings. Finemark Financial Bank And holds 1,258 shares or 0.02% of its portfolio. Nomura Asset Management holds 0.05% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 19,235 shares. Telemark Asset Mgmt Lc has 150,000 shares for 5.22% of their US portfolio. Moreover, Timber Hill Llc has 0.01% invested in Pioneer Natural Resources (NYSE:PXD) for 10,001 shares. Principal Financial Grp Inc Inc, a Iowa-based fund reported 237,980 shares. Sumitomo Mitsui Asset Management Company has 0.06% invested in the company for 12,489 shares. Twin Tree Management Lp has invested 0% of its portfolio in Pioneer Natural Resources (NYSE:PXD). Putnam Invests Lc holds 0.74% or 2.01M shares in its portfolio. The Kansas-based Tortoise Capital Advsrs Ltd Liability Company has invested 0.22% in Pioneer Natural Resources (NYSE:PXD). Chapter Iv Llc last reported 3.85% of its portfolio in the stock.
Insider Transactions: Since June 28, 2016, the stock had 0 buys, and 13 sales for $19.93 million net activity. BERG MARK STEPHEN had sold 2,000 shares worth $343,065. RISCH FRANK A also sold $92,540 worth of Pioneer Natural Resources (NYSE:PXD) on Thursday, September 29. DOVE TIMOTHY L sold 13,254 shares worth $2.02M. $2.08 million worth of shares were sold by CHEATWOOD CHRIS J on Monday, August 8. $82,362 worth of Pioneer Natural Resources (NYSE:PXD) was sold by Grillot Larry R. 20,000 shares with value of $3.51 million were sold by SHEFFIELD SCOTT D on Friday, August 12. 1,500 Pioneer Natural Resources (NYSE:PXD) shares with value of $262,731 were sold by KLEINMAN MARK H.
About 2.15M shares traded hands or 39.61% up from the average. Pioneer Natural Resources (NYSE:PXD) has risen 18.48% since April 25, 2016 and is uptrending. It has outperformed by 12.47% the S&P500.
Pioneer Natural Resources Company is an independent gas and oil exploration and production firm with activities in the United States. The company has a market cap of $28.79 billion. The Firm operates through the gas and oil development, exploration and production segment. It currently has negative earnings. The Firm focuses on production of oil, natural gas liquid and gas through development drilling, production enhancement activities and acquisitions of producing properties.
According to Zacks Investment Research, “Pioneer Natural Resources is an oil and gas exploration and production company with ownership interests in oil and gas properties located in the United States, Argentina, Canada, South Africa and Gabon. The company provides administrative, financial and management support to United States and foreign subsidiaries that explore for, develop and produce oil, natural gas liquid and natural gas reserves.”
Analysts await Pioneer Natural Resources (NYSE:PXD) to report earnings on February, 8. They expect $0.39 earnings per share, up 316.67% or $0.57 from last year’s $-0.18 per share. PXD’s profit will be $64.90 million for 110.90 P/E if the $0.39 EPS becomes a reality. After $0.13 actual earnings per share reported by Pioneer Natural Resources for the previous quarter, Wall Street now forecasts 200.00% EPS growth.
More important recent Pioneer Natural Resources (NYSE:PXD) news were published by: Businesswire.com which released: “Pioneer Natural Resources to Present at Jefferies 2016 Energy Conference” on November 17, 2016, also Realmoney.Thestreet.com published article titled: “Pioneer Natural Resources Enjoys Positive Charts”, Seekingalpha.com published: “Pioneer Natural Resources: Can You Compound Growth?” on November 04, 2016. More interesting news about Pioneer Natural Resources (NYSE:PXD) was released by: Seekingalpha.com and their article: “Pioneer Natural Resources (PXD) Q3 2016 Results – Earnings Call Transcript” with publication date: November 02, 2016.
Pioneer Natural Resources Company, incorporated on April 2, 1997, is an independent gas and oil exploration and production firm with activities in the United States. The Firm operates through the gas and oil development, exploration and production segment. The Firm 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 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 activities include well stimulation and completion activities, such as hydraulic fracturing, and water distribution and disposal activities. The Firm owns interests in over seven gas processing plants and approximately eight treating facilities.
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