Could Pioneer Natural Resources Company (PXD) Lose its Strength? The Stock Reaches 52-Week High

April 24, 2018 - By Adrian Erickson

Pioneer Natural Resources Company (NYSE:PXD) Logo

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.16, from 1.03 in 2017Q3. It turned negative, as 66 investors sold Pioneer Natural Resources Company shares while 230 reduced holdings. 89 funds opened positions while 168 raised stakes. 148.22 million shares or 2.39% less from 151.85 million shares in 2017Q3 were reported.
Tiverton Asset Mngmt Limited Liability Company, Delaware-based fund reported 2,304 shares. Highfields Mgmt Lp has 3.87% invested in Pioneer Natural Resources Company (NYSE:PXD). Exane Derivatives stated it has 0.03% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Bbva Compass Bankshares stated it has 0.05% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Cubist Systematic Strategies Ltd reported 12,164 shares. Westwood Inc invested in 0.03% or 23,761 shares. Moreover, Tiaa Cref Management Limited Liability Company has 0.09% invested in Pioneer Natural Resources Company (NYSE:PXD). Ing Groep Nv has 0.18% invested in Pioneer Natural Resources Company (NYSE:PXD) for 63,056 shares. Indexiq Advisors Limited Company reported 720 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.05% or 8,146 shares. 16 are owned by Fincl Engines Advisors Ltd. Castleark Limited Liability Company invested 0.89% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). S&Co owns 2.31% invested in Pioneer Natural Resources Company (NYSE:PXD) for 107,881 shares. Bnp Paribas Asset Management Sa has invested 0.07% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Exxonmobil Inc Tx holds 0.13% or 27,057 shares in its portfolio.

Since December 11, 2017, it had 0 insider purchases, and 10 selling transactions for $3.90 million activity. 9,513 shares were sold by CHEATWOOD CHRIS J, worth $1.67M on Wednesday, March 21. The insider Hopkins Frank E sold 2,000 shares worth $320,000. The insider SHEFFIELD SCOTT D sold 2,000 shares worth $360,000. 2,134 shares were sold by Fairbrook Teresa A, worth $384,120. On Tuesday, December 12 the insider DOVE TIMOTHY L sold $159,505. BERG MARK STEPHEN sold $315,700 worth of Pioneer Natural Resources Company (NYSE:PXD) on Thursday, December 14.

The stock of Pioneer Natural Resources Company (NYSE:PXD) hit a new 52-week high and has $210.18 target or 6.00 % above today’s $198.28 share price. The 8 months bullish chart indicates low risk for the $33.81B company. The 1-year high was reported on Apr, 24 by Barchart.com. If the $210.18 price target is reached, the company will be worth $2.03B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.47% or $0.93 during the last trading session, reaching $198.28. About 492,482 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since April 24, 2017 and is downtrending. It has underperformed by 16.34% the S&P500.

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on May, 2 after the close. They expect $1.47 earnings per share, up 488.00 % or $1.22 from last year’s $0.25 per share. PXD’s profit will be $250.67 million for 33.72 P/E if the $1.47 EPS becomes a reality. After $1.22 actual earnings per share reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts 20.49 % EPS growth.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 26 analysts covering Pioneer Natural (NYSE:PXD), 23 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Pioneer Natural had 47 analyst reports since November 3, 2017 according to SRatingsIntel. Stifel Nicolaus maintained Pioneer Natural Resources Company (NYSE:PXD) on Wednesday, February 14 with “Buy” rating. The firm earned “Buy” rating on Tuesday, February 6 by Robert W. Baird. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, March 28. The company was maintained on Tuesday, January 9 by Piper Jaffray. The company was maintained on Monday, April 23 by KeyBanc Capital Markets. The firm has “Hold” rating by SunTrust given on Tuesday, February 6. The stock has “Buy” rating by Piper Jaffray on Friday, February 9. The firm has “Buy” rating given on Monday, February 26 by BMO Capital Markets. Piper Jaffray maintained the shares of PXD in report on Wednesday, March 14 with “Buy” rating. Imperial Capital maintained the stock with “Outperform” rating in Thursday, February 8 report.

Pioneer Natural Resources Company operates as an independent gas and oil exploration and production firm in the United States. The company has market cap of $33.81 billion. The firm explores for, develops, and produces oil, natural gas liquids , and gas. It has a 40.88 P/E ratio. It has activities primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle.

Pioneer Natural Resources Company (NYSE:PXD) Institutional Positions Chart

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