Ardsley Advisory Partners adds Pioneer Natural Resources (PXD) to its portfolio

Pioneer Natural Resources (PXD) : Ardsley Advisory Partners added new position in Pioneer Natural Resources during the most recent quarter end. The investment management firm now holds 80,000 shares of Pioneer Natural Resources which is valued at $14,121,600 , the company said in a statement filed on Aug 15, 2016 with the SEC.Pioneer Natural Resources makes up approximately 2.58% of Ardsley Advisory Partners’s portfolio.

Other Hedge Funds, Including , Cim Investment Mangement Inc reduced its stake in PXD by selling 230 shares or 4.28% in the most recent quarter. The Hedge Fund company now holds 5,145 shares of PXD which is valued at $908,195. Pioneer Natural Resources makes up approx 0.36% of Cim Investment Mangement Inc’s portfolio.Janus Capital Management boosted its stake in PXD in the latest quarter, The investment management firm added 100,541 additional shares and now holds a total of 119,789 shares of Pioneer Natural Resources which is valued at $21,145,154. Pioneer Natural Resources makes up approx 0.02% of Janus Capital Management’s portfolio.Ameritas Investment Partners boosted its stake in PXD in the latest quarter, The investment management firm added 206 additional shares and now holds a total of 3,233 shares of Pioneer Natural Resources which is valued at $570,689. Pioneer Natural Resources makes up approx 0.04% of Ameritas Investment Partners’s portfolio.Ridgeworth Capital Management reduced its stake in PXD by selling 345,331 shares or 30.94% in the most recent quarter. The Hedge Fund company now holds 770,875 shares of PXD which is valued at $129,576,379. Pioneer Natural Resources makes up approx 1.11% of Ridgeworth Capital Management’s portfolio.Mn Services Vermogensbeheer B.v. boosted its stake in PXD in the latest quarter, The investment management firm added 77 additional shares and now holds a total of 4,125 shares of Pioneer Natural Resources which is valued at $693,371. Pioneer Natural Resources makes up approx 0.14% of Mn Services Vermogensbeheer B.v.’s portfolio.

Pioneer Natural Resources opened for trading at $178.03 and hit $180.34 on the upside on Thursday, eventually ending the session at $180.22, with a gain of 0.65% or 1.17 points. The heightened volatility saw the trading volume jump to 15,48,758 shares. Company has a market cap of $30,567 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.

Investors should note that on Aug 25, 2016, Pioneer Natural Resources announced a cash dividend of $0.0400. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 12, 2016.

Many Wall Street Analysts have commented on Pioneer Natural Resources. Williams Capital Group Initiated Pioneer Natural Resources on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $217.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.

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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