Channing Capital Management buys $19,496,701 stake in Pioneer Natural Resources (PXD)

Pioneer Natural Resources (PXD) : Channing Capital Management scooped up 1,243 additional shares in Pioneer Natural Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 119,531 shares of Pioneer Natural Resources which is valued at $19,496,701.Pioneer Natural Resources makes up approximately 0.78% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , 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.Msi Financial Services Inc boosted its stake in PXD in the latest quarter, The investment management firm added 74 additional shares and now holds a total of 1,168 shares of Pioneer Natural Resources which is valued at $175,936. Pioneer Natural Resources makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Miller Howard Investments Inc Ny reduced its stake in PXD by selling 15,116 shares or 33.28% in the most recent quarter. The Hedge Fund company now holds 30,305 shares of PXD which is valued at $4,648,787. Pioneer Natural Resources makes up approx 0.08% of Miller Howard Investments Inc Ny’s portfolio.Checchi Capital Advisers boosted its stake in PXD in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 1,028 shares of Pioneer Natural Resources which is valued at $157,695. Pioneer Natural Resources makes up approx 0.04% of Checchi Capital Advisers’s portfolio.Ruane Cunniff Goldfarb Inc reduced its stake in PXD by selling 1,094 shares or 39.04% in the most recent quarter. The Hedge Fund company now holds 1,708 shares of PXD which is valued at $267,900.

Pioneer Natural Resources closed down -0.21 points or -0.13% at $162.9 with 21,79,593 shares getting traded on Thursday. Post opening the session at $161.55, the shares hit an intraday low of $160.2001 and an intraday high of $165.46 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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