Delta Capital Management Lowers stake in Pioneer Natural Resources (PXD)

Pioneer Natural Resources (PXD) : Delta Capital Management reduced its stake in Pioneer Natural Resources by 0.65% during the most recent quarter end. The investment management company now holds a total of 35,266 shares of Pioneer Natural Resources which is valued at $5,400,988 after selling 230 shares in Pioneer Natural Resources , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Pioneer Natural Resources makes up approximately 3.72% of Delta Capital Management’s portfolio.

Pioneer Natural Resources opened for trading at $151.74 and hit $155.44 on the upside on Friday, eventually ending the session at $153.15, with a gain of 1.67% or 2.52 points. The heightened volatility saw the trading volume jump to 22,47,849 shares. Company has a market cap of $25,004 M.

Other Hedge Funds, Including , Dearborn Partners sold out all of its stake in PXD during the most recent quarter. The investment firm sold 12,600 shares of PXD which is valued $1,929,690. Private Bank Trust Co added PXD to its portfolio by purchasing 1,635 company shares during the most recent quarter which is valued at $250,400. Pioneer Natural Resources makes up approx 0.04% of Private Bank Trust Co’s portfolio.Capstone Asset Management Co boosted its stake in PXD in the latest quarter, The investment management firm added 380 additional shares and now holds a total of 14,989 shares of Pioneer Natural Resources which is valued at $2,160,365. Pioneer Natural Resources makes up approx 0.06% of Capstone Asset Management Co’s portfolio.

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 Deutsche Bank on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 180 from a previous price target of $159 .Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Buy” and Lowered the Price Target to $ 159 from a previous price target of $165 .Pioneer Natural Resources was Downgraded by KLR Group to ” Accumulate” on Mar 21, 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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