Goldman Sachs Group Stake in Pnc Finl Svcs Group (Put) (PNC) Has Lowered as Shares Declined; Petroleum & Resources Has Upped Position in Pioneer Natural Resources Company (PXD) by $1.78 Million

June 14, 2018 - By Marie Mckinney

Pioneer Natural Resources Company (NYSE:PXD) Logo

Petroleum & Resources Corp increased its stake in Pioneer Natural Resources Company (PXD) by 12.58% based on its latest 2018Q1 regulatory filing with the SEC. Petroleum & Resources Corp bought 10,400 shares as the company’s stock rose 6.09% while stock markets declined. The institutional investor held 93,100 shares of the oil & gas production company at the end of 2018Q1, valued at $15.99M, up from 82,700 at the end of the previous reported quarter. Petroleum & Resources Corp who had been investing in Pioneer Natural Resources Company for a number of months, seems to be bullish on the $32.63B market cap company. The stock decreased 0.73% or $1.41 during the last trading session, reaching $191.45. About 975,830 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 13.06% since June 14, 2017 and is uptrending. It has outperformed by 0.49% the S&P500. Some Historical PXD News: 03/05/2018 – PIONEER NATURAL RESOURCES CO PXD.N CEO SAYS CONSIDERING ADDING MORE PERMIAN DRILLING RIGS LATER IN 2018; 27/03/2018 – PIONEER NATURAL DEAL FOR $102M; 21/05/2018 – PIONEER NATURAL RESOURCES CO PXD.N : SIMMONS RAISES TARGET PRICE TO $282 FROM $229; 02/05/2018 – PIONEER NATURAL 1Q ADJ EPS $1.66, EST. $1.50; 25/04/2018 – SUNDANCE ENERGY BUYS ASSETS FROM PIONEER NATURAL RESOURCES JV; 03/05/2018 – PIONEER EXPECTS PERMIAN PRODUCTION TO GROW AS MUCH AS 24% 2018; 14/05/2018 – VP Hall Jr Gifts 900 Of Pioneer Natural Resources Co; 03/05/2018 – PIONEER NATURAL RESOURCES CO PXD.N CEO SAYS STILL PLANS TO SPEND WITHIN 2018 CASH FLOW, ESTIMATED AT ROUGHLY $3.2 BILLION; 02/05/2018 – Pioneer Natural 1Q Rev $2.15B; 13/03/2018 – PIONEER NATURAL RESOURCES – FIRE OCCURRED AT A COMPRESSOR STATION ON MARCH 6 IN PIONEER’S WEST PANHANDLE FIELD IN PANHANDLE REGION OF TEXAS

Goldman Sachs Group Inc decreased its stake in Pnc Finl Svcs Group Inc (Put) (PNC) by 96.76% based on its latest 2018Q1 regulatory filing with the SEC. Goldman Sachs Group Inc sold 65,800 shares as the company’s stock declined 8.45% with the market. The institutional investor held 2,200 shares of the finance company at the end of 2018Q1, valued at $333,000, down from 68,000 at the end of the previous reported quarter. Goldman Sachs Group Inc who had been investing in Pnc Finl Svcs Group Inc (Put) for a number of months, seems to be less bullish one the $66.59 billion market cap company. The stock decreased 2.58% or $3.76 during the last trading session, reaching $141.84. About 3.45M shares traded or 60.51% up from the average. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 21.98% since June 14, 2017 and is uptrending. It has outperformed by 9.41% the S&P500. Some Historical PNC News: 15/05/2018 – GUIDANCE: Seaco Container $200m ABS via DB/CS/PNC/SunTrust; 31/05/2018 – WorkFusion expands $50M Series E round, adds Guardian, NewYork-Presbyterian, The PNC Financial Services Group and Al Capital as strategic investors; 29/05/2018 – PNC Closes Below 200-Day Moving Average: Technicals; 13/04/2018 – PNC 1Q EPS $2.43, EST. $2.43; 05/04/2018 – M2 Banking: PNC Bank launches new digital auto shopping experience; 13/04/2018 – JP Morgan Chase, Citigroup, Wells Faro and PNC all saw share prices fall; 16/05/2018 – PNC Presenting at Deutsche Bank Conference May 30; 23/03/2018 – Daily Home: PNC Bank, NASCAR announce 5-year agreement; 19/04/2018 – DJ PNC Financial Services Group Inc, Inst Holders, 1Q 2018 (PNC); 13/04/2018 – PNC FINANCIAL SERVICES GROUP – BASEL lll COMMON EQUITY TIER 1 CAPITAL RATIO, WAS AN ESTIMATED 9.6 PCT AT MARCH 31, 2018 VS 9.8 PCT AT DEC 31, 2017

Investors sentiment increased to 1.22 in 2018 Q1. Its up 0.35, from 0.87 in 2017Q4. It increased, as 32 investors sold PXD shares while 206 reduced holdings. 87 funds opened positions while 203 raised stakes. 146.34 million shares or 1.27% less from 148.22 million shares in 2017Q4 were reported. 37,657 are owned by Mackay Shields Limited Liability Co. Clearbridge Invs Ltd has invested 0.47% in Pioneer Natural Resources Company (NYSE:PXD). Hightower Advsrs Lc stated it has 49,534 shares or 0.07% of all its holdings. Virtu, New York-based fund reported 6,783 shares. Apg Asset Management Nv holds 66,920 shares. Dekabank Deutsche Girozentrale reported 55,703 shares stake. 2,130 were accumulated by X Com Ltd Liability Corp. Lazard Asset Mgmt Lc holds 0.35% or 1.08M shares. Ftb owns 0.05% invested in Pioneer Natural Resources Company (NYSE:PXD) for 2,622 shares. Hartline has invested 0.31% in Pioneer Natural Resources Company (NYSE:PXD). Swedbank holds 1.41 million shares or 1.26% of its portfolio. Rafferty Asset Ltd Liability Corp holds 0.01% or 4,630 shares in its portfolio. Price T Rowe Associates Md has invested 0.02% in Pioneer Natural Resources Company (NYSE:PXD). The New York-based Evercore Wealth Mgmt Limited Liability has invested 0.04% in Pioneer Natural Resources Company (NYSE:PXD). Castleark Mgmt Limited Liability Corp invested in 172,180 shares or 0.94% of the stock.

Since December 18, 2017, it had 0 buys, and 27 insider sales for $25.85 million activity. SHEFFIELD SCOTT D sold 20,000 shares worth $4.22 million. KLEINMAN MARK H sold $207,196 worth of stock. 1,192 Pioneer Natural Resources Company (NYSE:PXD) shares with value of $238,327 were sold by Hopkins Frank E. BUCHANAN EDISON C sold $546,787 worth of stock or 2,693 shares. DOVE TIMOTHY L also sold $462,694 worth of Pioneer Natural Resources Company (NYSE:PXD) on Friday, May 18. Fairbrook Teresa A had sold 2,134 shares worth $384,120.

Petroleum & Resources Corp, which manages about $620.51 million US Long portfolio, decreased its stake in Monsanto Company (NYSE:MON) by 7,800 shares to 76,600 shares, valued at $8.94 million in 2018Q1, according to the filing. It also reduced its holding in Albemarle Corporation (NYSE:ALB) by 34,400 shares in the quarter, leaving it with 36,500 shares, and cut its stake in Hess Corporation (NYSE:HES).

Among 42 analysts covering Pioneer Natural Resources (NYSE:PXD), 37 have Buy rating, 1 Sell and 4 Hold. Therefore 88% are positive. Pioneer Natural Resources had 173 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, January 24 report. Jefferies maintained Pioneer Natural Resources Company (NYSE:PXD) on Monday, March 19 with “Buy” rating. The stock has “Buy” rating by KeyBanc Capital Markets on Friday, October 20. BMO Capital Markets maintained Pioneer Natural Resources Company (NYSE:PXD) on Tuesday, August 8 with “Buy” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, March 15. Barclays Capital maintained Pioneer Natural Resources Company (NYSE:PXD) rating on Wednesday, October 11. Barclays Capital has “Overweight” rating and $147 target. The company was maintained on Thursday, September 7 by RBC Capital Markets. KLR Group downgraded the shares of PXD in report on Monday, March 21 to “Accumulate” rating. The stock has “Buy” rating by Mizuho on Tuesday, March 21. The firm earned “Buy” rating on Thursday, May 3 by Credit Suisse.

More news for Pioneer Natural Resources Company (NYSE:PXD) were recently published by: Seekingalpha.com, which released: “The Play Between Energy, Economy And Technological Change” on June 01, 2018. Seekingalpha.com‘s article titled: “Pioneer Natural Resources: Poised For Permian Supremacy” and published on May 31, 2018 is yet another important article.

Analysts await The PNC Financial Services Group, Inc. (NYSE:PNC) to report earnings on July, 13. They expect $2.59 earnings per share, up 23.33% or $0.49 from last year’s $2.1 per share. PNC’s profit will be $1.22 billion for 13.69 P/E if the $2.59 EPS becomes a reality. After $2.43 actual earnings per share reported by The PNC Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts 6.58% EPS growth.

Investors sentiment decreased to 0.72 in Q1 2018. Its down 0.32, from 1.04 in 2017Q4. It fall, as 54 investors sold PNC shares while 421 reduced holdings. 91 funds opened positions while 253 raised stakes. 373.26 million shares or 0.84% less from 376.44 million shares in 2017Q4 were reported. Estabrook Capital, New York-based fund reported 123,720 shares. Dorsey & Whitney Company Ltd Limited Liability Company holds 7,212 shares or 0.2% of its portfolio. Hermes Inv Management has invested 0% in The PNC Financial Services Group, Inc. (NYSE:PNC). Schroder Inv Group Incorporated holds 0.34% or 1.28 million shares in its portfolio. Quadrant Cap Management Ltd Limited Liability Company holds 23,040 shares or 2.56% of its portfolio. Hancock Company accumulated 0.77% or 113,442 shares. Foundry Ltd Liability Com, a Minnesota-based fund reported 72,315 shares. Webster Comml Bank N A has invested 0.36% in The PNC Financial Services Group, Inc. (NYSE:PNC). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management Corporation holds 0.2% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC) for 144,700 shares. Provise Group Inc Incorporated accumulated 2,256 shares. Moreover, Carderock Capital has 1.81% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 27,135 shares. Noesis Capital Mangement Corp owns 1,855 shares. Vnbtrust National Association owns 2,486 shares. Tci Wealth Advisors holds 0.02% or 303 shares. Saturna Cap holds 2,175 shares.

Among 34 analysts covering PNC Financial Services (NYSE:PNC), 13 have Buy rating, 1 Sell and 20 Hold. Therefore 38% are positive. PNC Financial Services had 109 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Thursday, June 8. Robert W. Baird maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Friday, September 29 with “Buy” rating. The firm has “Hold” rating given on Sunday, April 15 by Jefferies. BMO Capital Markets maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Monday, December 18 with “Buy” rating. As per Monday, May 9, the company rating was downgraded by Raymond James. Piper Jaffray maintained The PNC Financial Services Group, Inc. (NYSE:PNC) rating on Monday, December 4. Piper Jaffray has “Buy” rating and $151.0 target. As per Wednesday, June 14, the company rating was maintained by RBC Capital Markets. As per Tuesday, January 17, the company rating was upgraded by Macquarie Research. Bruyette & Woods;KBW; KBW” upgraded The PNC Financial Services Group, Inc. (NYSE:PNC) on Wednesday, September 2 to “Mkt Perform” rating. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Hold” rating given on Tuesday, December 12 by Keefe Bruyette & Woods.

Since December 15, 2017, it had 0 buys, and 1 sale for $1.24 million activity. HANNON MICHAEL J also sold $1.24M worth of The PNC Financial Services Group, Inc. (NYSE:PNC) shares.

More recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Nasdaq.com which released: “New Research Coverage Highlights Matrix Service, The PNC Financial Services Group, Williams-Sonoma, GrubHub …” on June 13, 2018. Also 247Wallst.com published the news titled: “Big US Banks Have Been Hammered: 4 Top Stocks to Buy Now” on June 11, 2018. Prnewswire.com‘s news article titled: “Battle of the Sexes: How Millennials’ Financial Attitudes, Habits Differ by Gender” with publication date: June 13, 2018 was also an interesting one.

The PNC Financial Services Group, Inc. (NYSE:PNC) Institutional Positions Chart

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