Frontier Investment Mgmt Co buys $101.9 Million stake in Pioneer Natural Resources (PXD)

Pioneer Natural Resources (PXD) : Frontier Investment Mgmt Co scooped up 53,234 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 622,807 shares of Pioneer Natural Resources which is valued at $101.9 Million.Pioneer Natural Resources makes up approximately 13.36% of Frontier Investment Mgmt Co’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in PXD in the latest quarter, The investment management firm added 3,136 additional shares and now holds a total of 19,594 shares of Pioneer Natural Resources which is valued at $3.2 Million. Pioneer Natural Resources makes up approx 0.04% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Gsa Capital Partners Llp added PXD to its portfolio by purchasing 31,254 company shares during the most recent quarter which is valued at $5.1 Million. Pioneer Natural Resources makes up approx 0.33% of Gsa Capital Partners Llp’s portfolio. Airain Ltd sold out all of its stake in PXD during the most recent quarter. The investment firm sold 5,562 shares of PXD which is valued $909,888.Amica Mutual Insurance Co reduced its stake in PXD by selling 7,254 shares or 43.66% in the most recent quarter. The Hedge Fund company now holds 9,361 shares of PXD which is valued at $1.5 Million. Pioneer Natural Resources makes up approx 0.14% of Amica Mutual Insurance Co’s portfolio.Ifp Advisors Inc boosted its stake in PXD in the latest quarter, The investment management firm added 76 additional shares and now holds a total of 2,273 shares of Pioneer Natural Resources which is valued at $362,453. Pioneer Natural Resources makes up approx 0.02% of Ifp Advisors Inc’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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