Columbus Hill Capital Management buys $29.9 Million stake in Pioneer Natural Resources (PXD)

Pioneer Natural Resources (PXD) : Columbus Hill Capital Management scooped up 177,000 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 183,000 shares of Pioneer Natural Resources which is valued at $29.9 Million.Pioneer Natural Resources makes up approximately 8.18% of Columbus Hill Capital Management’s portfolio.

Other Hedge Funds, Including , Verition Fund Management sold out all of its stake in PXD during the most recent quarter. The investment firm sold 2,952 shares of PXD which is valued $482,918.Massachusetts Financial Services Co boosted its stake in PXD in the latest quarter, The investment management firm added 454,808 additional shares and now holds a total of 891,370 shares of Pioneer Natural Resources which is valued at $145.8 Million. Pioneer Natural Resources makes up approx 0.08% of Massachusetts Financial Services Co’s portfolio. Edmond De Rothschild Asset Management (france) added PXD to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $817,950. Pioneer Natural Resources makes up approx 0.04% of Edmond De Rothschild Asset Management (france)’s portfolio.Cypress Asset Management Inctx boosted its stake in PXD in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 2,771 shares of Pioneer Natural Resources which is valued at $441,864. Pioneer Natural Resources makes up approx 0.09% of Cypress Asset Management Inctx’s portfolio.Tocqueville Asset Management boosted its stake in PXD in the latest quarter, The investment management firm added 8,390 additional shares and now holds a total of 52,156 shares of Pioneer Natural Resources which is valued at $8.7 Million. Pioneer Natural Resources makes up approx 0.11% of Tocqueville Asset Management’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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