Cipher Capital Lp adds Pioneer Natural Resources (PXD) to its portfolio

Pioneer Natural Resources (PXD) : Cipher Capital Lp added new position in Pioneer Natural Resources during the most recent quarter end. The investment management firm now holds 73,826 shares of Pioneer Natural Resources which is valued at $13,031,766 , the company said in a statement filed on Aug 11, 2016 with the SEC.Pioneer Natural Resources makes up approximately 0.86% of Cipher Capital Lp’s portfolio.

Other Hedge Funds, Including , King Luther Capital Management Corp boosted its stake in PXD in the latest quarter, The investment management firm added 16,602 additional shares and now holds a total of 151,229 shares of Pioneer Natural Resources which is valued at $26,694,943. Pioneer Natural Resources makes up approx 0.25% of King Luther Capital Management Corp’s portfolio.Columbus Circle Investors boosted its stake in PXD in the latest quarter, The investment management firm added 456,636 additional shares and now holds a total of 522,843 shares of Pioneer Natural Resources which is valued at $85,280,922. Pioneer Natural Resources makes up approx 0.82% of Columbus Circle Investors’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in PXD by selling 1,186 shares or 12.98% in the most recent quarter. The Hedge Fund company now holds 7,950 shares of PXD which is valued at $1,197,509. Pioneer Natural Resources makes up approx 0.03% of Candriam Luxembourg S.c.a.’s portfolio. Jfs Wealth Advisors sold out all of its stake in PXD during the most recent quarter. The investment firm sold 16 shares of PXD which is valued $2,410.

Pioneer Natural Resources opened for trading at $180.62 and hit $182.89 on the upside on Tuesday, eventually ending the session at $182.25, with a gain of 0.49% or 0.88 points. The heightened volatility saw the trading volume jump to 23,46,788 shares. Company has a market cap of $30,911 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 Initiated by Bernstein to “Outperform” on Aug 17, 2016. 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 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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