Pioneer Natural Resources (PXD) : Trexquant Investment Lp added new position in Pioneer Natural Resources during the most recent quarter end. The investment management firm now holds 29,600 shares of Pioneer Natural Resources which is valued at $5,224,992 , the company said in a statement filed on Aug 10, 2016 with the SEC.Pioneer Natural Resources makes up approximately 0.65% of Trexquant Investment Lp’s portfolio.
Other Hedge Funds, Including , Glenmede Trust Co Na boosted its stake in PXD in the latest quarter, The investment management firm added 158 additional shares and now holds a total of 6,603 shares of Pioneer Natural Resources which is valued at $1,109,898. Pioneer Natural Resources makes up approx 0.01% of Glenmede Trust Co Na’s portfolio.Great West Life Assurance Co Can boosted its stake in PXD in the latest quarter, The investment management firm added 28,850 additional shares and now holds a total of 116,496 shares of Pioneer Natural Resources which is valued at $19,001,663. Pioneer Natural Resources makes up approx 0.06% of Great West Life Assurance Co Can’s portfolio.Nippon Life Insurance Co boosted its stake in PXD in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 10,535 shares of Pioneer Natural Resources which is valued at $1,718,364. Pioneer Natural Resources makes up approx 0.04% of Nippon Life Insurance Co’s portfolio.
Pioneer Natural Resources opened for trading at $183.45 and hit $186.33 on the upside on Friday, eventually ending the session at $185.59, with a gain of 0.91% or 1.68 points. The heightened volatility saw the trading volume jump to 20,06,268 shares. Company has a market cap of $31,478 M.
On the company’s financial health, Pioneer Natural Resources reported $-0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.35. The company had revenue of $786.00 million for the quarter, compared to analysts expectations of $783.47 million. The company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Many Wall Street Analysts have commented on Pioneer Natural Resources. Pioneer Natural Resources was Initiated by Bernstein to “Outperform” on Aug 17, 2016. Pioneer Natural Resources was Downgraded by Societe Generale to ” Sell” on Aug 4, 2016. Company shares were Upgraded by Barclays on Aug 2, 2016 to ” Overweight”, Firm has raised the Price Target to $ 175 from a previous price target of $152 .
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.