The stock of Pioneer Natural Resources (NYSE:PXD) is a huge mover today! About 878,391 shares traded hands. Pioneer Natural Resources (NYSE:PXD) has risen 18.40% since April 13, 2016 and is uptrending. It has outperformed by 14.47% the S&P500.
The move comes after 9 months positive chart setup for the $30.16 billion company. It was reported on Nov, 15 by Barchart.com. We have $239.50 PT which if reached, will make NYSE:PXD worth $10.86B more.
Pioneer Natural Resources (NYSE:PXD) Ratings Coverage
Out of 25 analysts covering Pioneer Natural Resources (NYSE:PXD), 22 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 88% are positive. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. UBS maintained Pioneer Natural Resources (NYSE:PXD) on Wednesday, August 5 with “Buy” rating. The stock of Pioneer Natural Resources (NYSE:PXD) earned “Buy” rating by Deutsche Bank on Thursday, January 7. The firm has “Buy” rating by KLR Group given on Friday, August 7. The rating was maintained by Wunderlich on Friday, February 12 with “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $150 target price in Wednesday, January 6 report. The firm earned “Overweight” rating on Tuesday, August 2 by Barclays Capital. The stock of Pioneer Natural Resources (NYSE:PXD) earned “Equalweight” rating by Barclays Capital on Thursday, July 14. The stock has “Overweight” rating given by Barclays Capital on Thursday, September 1. The firm has “Sell” rating given on Thursday, August 4 by Societe Generale. The stock has “Outperform” rating given by iBERIA Capital Partners on Tuesday, April 26.
According to Zacks Investment Research, “Pioneer Natural Resources is an oil and gas exploration and production company with ownership interests in oil and gas properties located in the United States, Argentina, Canada, South Africa and Gabon. The company provides administrative, financial and management support to United States and foreign subsidiaries that explore for, develop and produce oil, natural gas liquid and natural gas reserves.”
Insitutional Activity: The institutional sentiment decreased to 1.63 in 2016 Q2. Its down 0.42, from 2.05 in 2016Q1. The ratio is negative, as 45 funds sold all Pioneer Natural Resources shares owned while 167 reduced positions. 113 funds bought stakes while 232 increased positions. They now own 156.03 million shares or 0.47% less from 156.77 million shares in 2016Q1.
Firstmerit Bancshares N A Trustee reported 2,557 shares or 0.03% of all its holdings. The Nebraska-based Nelson Van Denburg & Campbell Wealth Group Inc Ltd Com has invested 0.02% in Pioneer Natural Resources (NYSE:PXD). Ascend Limited Com, a California-based fund reported 171,307 shares. Private Retail Bank has invested 0.04% of its portfolio in Pioneer Natural Resources (NYSE:PXD). Public Sector Pension Investment Board has 0.05% invested in the company for 30,978 shares. Fred Alger Management holds 0.11% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 141,872 shares. Mutual Of America Mgmt Lc last reported 21,812 shares in the company. Sg Americas Ltd Liability holds 37,485 shares or 0.04% of its portfolio. The Delaware-based Blackrock Ltd Liability Company has invested 0.18% in Pioneer Natural Resources (NYSE:PXD). Arrowgrass Cap Limited Liability Partnership accumulated 6.45% or 115,000 shares. Arga Investment Mngmt Lp last reported 20,500 shares in the company. Peregrine Asset Advisers has 4.5% invested in the company for 44,834 shares. Stevens Lp reported 70,515 shares or 0.43% of all its holdings. Stifel Financial Corporation, a Missouri-based fund reported 38,429 shares. Miller Howard Investments New York accumulated 0.08% or 30,305 shares.
Insider Transactions: Since June 28, 2016, the stock had 0 insider buys, and 13 sales for $19.93 million net activity. The insider CHEATWOOD CHRIS J sold $2.08 million. The insider RISCH FRANK A sold 500 shares worth $92,540. Another trade for 3,000 shares valued at $525,000 was sold by BUCHANAN EDISON C. The insider Hall Jerome D JR sold $239,840. $128,633 worth of shares were sold by THOMPSON J KENNETH on Monday, August 8. SHEFFIELD SCOTT D also sold $3.51 million worth of Pioneer Natural Resources (NYSE:PXD) shares. DOVE TIMOTHY L sold $10.11 million worth of stock or 57,363 shares.
More notable recent Pioneer Natural Resources (NYSE:PXD) news were published by: Realmoney.Thestreet.com which released: “Pioneer Natural Resources Enjoys Positive Charts” on November 08, 2016, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: Merck, DISH Network, Pioneer Natural …” published on November 11, 2016, Seekingalpha.com published: “Pioneer Natural Resources: Can You Compound Growth?” on November 04, 2016. More interesting news about Pioneer Natural Resources (NYSE:PXD) were released by: Seekingalpha.com and their article: “Pioneer Natural Resources (PXD) Q3 2016 Results – Earnings Call Transcript” published on November 02, 2016 as well as Nasdaq.com‘s news article titled: “Pioneer Natural Resources (PXD) Beats All the Other Oil Stocks â€¦ For Now” with publication date: October 21, 2016.
PXD Company Profile
Pioneer Natural Resources Company, incorporated on April 2, 1997, is an independent gas and oil exploration and production firm with activities in the United States. The Firm operates through the gas and oil development, exploration and production segment. The Firm 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 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 activities include well stimulation and completion activities, such as hydraulic fracturing, and water distribution and disposal activities. The Firm owns interests in over seven gas processing plants and approximately eight treating facilities.
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