Ashfield Capital Partners buys $28.5 Million stake in Pioneer Natural Resources (PXD)

Pioneer Natural Resources (PXD) : Ashfield Capital Partners scooped up 19,963 additional shares in Pioneer Natural Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 174,064 shares of Pioneer Natural Resources which is valued at $28.5 Million.Pioneer Natural Resources makes up approximately 2.09% of Ashfield Capital Partners’s portfolio.

Other Hedge Funds, Including , Peak6 Investments boosted its stake in PXD in the latest quarter, The investment management firm added 48,931 additional shares and now holds a total of 54,000 shares of Pioneer Natural Resources which is valued at $8.8 Million. Pioneer Natural Resources makes up approx 0.71% of Peak6 Investments’s portfolio.Daiwa Securities Group boosted its stake in PXD in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 3,700 shares of Pioneer Natural Resources which is valued at $605,283.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in PXD in the latest quarter, The investment management firm added 3,370 additional shares and now holds a total of 40,712 shares of Pioneer Natural Resources which is valued at $6.7 Million. Pioneer Natural Resources makes up approx 0.14% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Swiss National Bank boosted its stake in PXD in the latest quarter, The investment management firm added 148,900 additional shares and now holds a total of 443,352 shares of Pioneer Natural Resources which is valued at $70.7 Million. Pioneer Natural Resources makes up approx 0.12% of Swiss National Bank’s portfolio. Thompson Davis added PXD to its portfolio by purchasing 89 company shares during the most recent quarter which is valued at $14,192. Pioneer Natural Resources makes up approx 0.02% of Thompson Davis’s portfolio.

Pioneer Natural Resources closed down -0.49 points or -0.30% at $162.48 with 19,92,111 shares getting traded on Wednesday. Post opening the session at $164.06, the shares hit an intraday low of $161.78 and an intraday high of $165.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Pioneer Natural Resources reported $-0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $-0.75. The company had revenue of $685.00 million for the quarter, compared to analysts expectations of $752.01 million. The company’s revenue was down -21.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.

Many Wall Street Analysts have commented on Pioneer Natural Resources. Company shares were Reiterated by Wunderlich on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 177 from a previous price target of $128 .Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 183 from a previous price target of $165 .Company shares were Reiterated by Topeka Capital Markets on Apr 26, 2016 to “Buy”, Firm has raised the Price Target to $ 190 from a previous price target of $165 .

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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