Gsa Capital Partners Llp adds Pioneer Natural Resources (PXD) to its portfolio

Pioneer Natural Resources (PXD) : Gsa Capital Partners Llp added new position in Pioneer Natural Resources during the most recent quarter end. The investment management firm now holds 31,254 shares of Pioneer Natural Resources which is valued at $5.1 Million , the company said in a statement filed on May 11, 2016 with the SEC.Pioneer Natural Resources makes up approximately 0.33% of Gsa Capital Partners Llp’s portfolio.

Other Hedge Funds, Including , Advisor Partners added PXD to its portfolio by purchasing 1,834 company shares during the most recent quarter which is valued at $300,024. Pioneer Natural Resources makes up approx 0.11% of Advisor Partners’s portfolio.Timber Hill reduced its stake in PXD by selling 6,549 shares or 55.57% in the most recent quarter. The Hedge Fund company now holds 5,236 shares of PXD which is valued at $834,933. Pioneer Natural Resources makes up approx 0.07% of Timber Hill’s portfolio. Armstrong Shaw Associates Incct added PXD to its portfolio by purchasing 62,911 company shares during the most recent quarter which is valued at $10.4 Million. Pioneer Natural Resources makes up approx 2.68% of Armstrong Shaw Associates Incct’s portfolio.Commerce Bank boosted its stake in PXD in the latest quarter, The investment management firm added 149 additional shares and now holds a total of 3,022 shares of Pioneer Natural Resources which is valued at $501,954. Pioneer Natural Resources makes up approx 0.01% of Commerce Bank’s portfolio.World Asset Management Inc reduced its stake in PXD by selling 117 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 15,672 shares of PXD which is valued at $2.6 Million. Pioneer Natural Resources makes up approx 0.10% of World Asset Management Inc’s portfolio.

Pioneer Natural Resources opened for trading at $166.3 and hit $168.5 on the upside on Monday, eventually ending the session at $166.19, with a gain of 1.59% or 2.6 points. The heightened volatility saw the trading volume jump to 13,84,301 shares. Company has a market cap of $27,181 M.

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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