Waters Parkerson buys $12,635,055 stake in Pioneer Natural Resources (PXD)

Pioneer Natural Resources (PXD) : Waters Parkerson scooped up 530 additional shares in Pioneer Natural Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 72,770 shares of Pioneer Natural Resources which is valued at $12,635,055.Pioneer Natural Resources makes up approximately 1.27% of Waters Parkerson’s portfolio.

Other Hedge Funds, Including , Ziff Brothers Investments L.l.c. reduced its stake in PXD by selling 75,000 shares or 18.7% in the most recent quarter. The Hedge Fund company now holds 326,175 shares of PXD which is valued at $56,131,456. Pioneer Natural Resources makes up approx 12.81% of Ziff Brothers Investments L.l.c.’s portfolio.Valley National Advisers Inc reduced its stake in PXD by selling 49 shares or 13.21% in the most recent quarter. The Hedge Fund company now holds 322 shares of PXD which is valued at $55,149. Pioneer Natural Resources makes up approx 0.03% of Valley National Advisers Inc’s portfolio. Capital Fund Management S.a. added PXD to its portfolio by purchasing 1,340 company shares during the most recent quarter which is valued at $242,500. Agf Investments added PXD to its portfolio by purchasing 187,609 company shares during the most recent quarter which is valued at $34,769,576. Pioneer Natural Resources makes up approx 0.40% of Agf Investments’s portfolio.Cwm reduced its stake in PXD by selling 875 shares or 12.11% in the most recent quarter. The Hedge Fund company now holds 6,348 shares of PXD which is valued at $1,180,474. Pioneer Natural Resources makes up approx 0.08% of Cwm’s portfolio.

Pioneer Natural Resources opened for trading at $176.32 and hit $180.06 on the upside on Monday, eventually ending the session at $178.19, with a gain of 1.32% or 2.33 points. The heightened volatility saw the trading volume jump to 10,13,142 shares. Company has a market cap of $30,243 M.

On the company’s financial health, Pioneer Natural Resources reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.16. The company had revenue of $1186.00 million for the quarter, compared to analysts expectations of $947.62 million. The company’s revenue was down -47.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.

Many Wall Street Analysts have commented on Pioneer Natural Resources. Company shares were Reiterated by Wunderlich on Oct 10, 2016 to “Buy”, Firm has raised the Price Target to $ 207 from a previous price target of $182 .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 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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