Glaxis Capital Management adds Pioneer Natural Resources (PXD) to its portfolio

Pioneer Natural Resources (PXD) : Glaxis Capital Management added new position in Pioneer Natural Resources during the most recent quarter end. The investment management firm now holds 15,000 shares of Pioneer Natural Resources which is valued at $2,312,400 , the company said in a statement filed on Jul 13, 2016 with the SEC.Pioneer Natural Resources makes up approximately 36.01% of Glaxis Capital Management’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in PXD in the latest quarter, The investment management firm added 652 additional shares and now holds a total of 15,641 shares of Pioneer Natural Resources which is valued at $2,411,217. Pioneer Natural Resources makes up approx 0.07% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in PXD in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 11,440 shares of Pioneer Natural Resources which is valued at $1,763,590. Pioneer Natural Resources makes up approx 0.01% of Creative Planning’s portfolio.Cabot Wealth Management Inc reduced its stake in PXD by selling 191 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 13,713 shares of PXD which is valued at $2,113,996. Pioneer Natural Resources makes up approx 0.54% of Cabot Wealth Management Inc’s portfolio.Dnb Asset Management As boosted its stake in PXD in the latest quarter, The investment management firm added 434,800 additional shares and now holds a total of 447,351 shares of Pioneer Natural Resources which is valued at $68,766,796. Pioneer Natural Resources makes up approx 1.43% of Dnb Asset Management As’s portfolio.Washington Trust Bank boosted its stake in PXD in the latest quarter, The investment management firm added 217 additional shares and now holds a total of 10,844 shares of Pioneer Natural Resources which is valued at $1,666,940. Pioneer Natural Resources makes up approx 0.43% of Washington Trust Bank’s portfolio.

Pioneer Natural Resources opened for trading at $157.21 and hit $158.99 on the upside on Monday, eventually ending the session at $156.85, with a gain of 0.10% or 0.15 points. The heightened volatility saw the trading volume jump to 11,09,495 shares. Company has a market cap of $25,654 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 Upgraded by KLR Group on Jul 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 218 from a previous price target of $172 .Pioneer Natural Resources was Initiated by Credit Agricole to “Buy” on Jun 22, 2016. Shares were Reiterated by Wunderlich on Jun 16, 2016 to “Buy” and Lowered the Price Target to $ 176 from a previous price target of $177 .

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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