Pioneer Natural Resources (PXD) : Swarthmore Group Inc reduced its stake in Pioneer Natural Resources by 13.79% during the most recent quarter end. The investment management company now holds a total of 110,700 shares of Pioneer Natural Resources which is valued at $15,955,191 after selling 17,700 shares in Pioneer Natural Resources , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Pioneer Natural Resources makes up approximately 2.41% of Swarthmore Group Inc’s portfolio.
Pioneer Natural Resources opened for trading at $140.5 and hit $148.74 on the upside on Monday, eventually ending the session at $147.33, with a gain of 2.22% or 3.2 points. The heightened volatility saw the trading volume jump to 22,56,867 shares. Company has a market cap of $24,054 M.
Other Hedge Funds, Including , Santa Fe Partners sold out all of its stake in PXD during the most recent quarter. The investment firm sold 10,680 shares of PXD which is valued $1,539,308.Prospera Financial Services Inc boosted its stake in PXD in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 1,706 shares of Pioneer Natural Resources which is valued at $245,886. Pioneer Natural Resources makes up approx 0.05% of Prospera Financial Services Inc’s portfolio.Viking Fund Management boosted its stake in PXD in the latest quarter, The investment management firm added 33,000 additional shares and now holds a total of 93,000 shares of Pioneer Natural Resources which is valued at $13,404,090. Pioneer Natural Resources makes up approx 2.54% of Viking Fund Management’s portfolio. Integrated Investment Consultants added PXD to its portfolio by purchasing 367 company shares during the most recent quarter which is valued at $52,896. Pioneer Natural Resources makes up approx 0.03% of Integrated Investment Consultants’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in PXD in the latest quarter, The investment management firm added 7,520 additional shares and now holds a total of 39,409 shares of Pioneer Natural Resources which is valued at $5,680,019. Pioneer Natural Resources makes up approx 0.13% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.
On the company’s financial health, Pioneer Natural Resources reported $-0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $-0.33. The company had revenue of $1074.00 million for the quarter, compared to analysts expectations of $930.01 million. The company’s revenue was down -35.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.
Many Wall Street Analysts have commented on Pioneer Natural Resources. 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. RBC Capital Mkts Resumed Pioneer Natural Resources on Mar 18, 2016 to “Outperform”, Price Target of the shares are set at $160.
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.