Large Inflow of Money Detected in Pioneer Natural Resources Company

Pioneer Natural Resources Company (PXD): $15.62 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 1.32. The value of trades done on upticks was $63.94 million, whereas, trades done on downticks were valued at $48.32 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $9.81 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $9.81 million. Pioneer Natural Resources Company (PXD) fell $0.05 traded at $182.87, a change of -0.03% over the previous day. The stock is 1.88% for the week.


Also, Credit Suisse maintains its rating on Pioneer Natural Resources Company (NYSE:PXD). The global brokerage major maintains a current price target of $212 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. The rating by the firm was issued on August 24, 2016.

Shares of Pioneer Natural Resources Co. rose by 0.34% in the last five trading days and 16.31% for the last 4 weeks. Pioneer Natural Resources Co. is up 14.67% in the last 3-month period. Year-to-Date the stock performance stands at 45.9%.

Pioneer Natural Resources Company (NYSE:PXD): The stock opened at $183.74 on Tuesday but the bulls could not build on the opening and the stock topped out at $185.00 for the day. The stock traded down to $181.10 during the day, due to lack of any buying support eventually closed down at $182.87 with a loss of -0.03% for the day. The stock had closed at $182.92 on the previous day. The total traded volume was 1,133,424 shares.

In a related news, Sheffield Scott D, (Chairman & CEO) of Pioneer Natural Resources Co, unloaded 20,000 shares at an average price of $175.81 on August 12, 2016. The total amount of the transaction was worth $3,516,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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 Companys 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 Companys operations include well stimulation and hydraulic fracturing. The Companys 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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