Pioneer Natural Resources Company (PXD) Sets 52-Week High; Strong Momentum for Holders

May 20, 2018 - By Peter Erickson

Pioneer Natural Resources Company (NYSE:PXD) Logo

Investors sentiment decreased to 0.87 in Q4 2017. 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.
Vanguard Grp Inc reported 0.09% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). 314,217 were accumulated by Rhumbline Advisers. Bb&T holds 12,314 shares or 0.04% of its portfolio. Cornerstone Capital Mngmt Limited Liability Company has invested 0.05% in Pioneer Natural Resources Company (NYSE:PXD). Confluence Invest Mngmt Ltd holds 0% or 1,443 shares in its portfolio. South Dakota Council stated it has 0.04% in Pioneer Natural Resources Company (NYSE:PXD). Amer Assets Investment Management Ltd has invested 0.8% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Pitcairn owns 4,121 shares or 0.07% of their US portfolio. Bb&T Secs Ltd Liability Com owns 4,609 shares. Creative Planning holds 0.01% or 10,831 shares. Westfield Management Lp holds 0.35% or 264,160 shares in its portfolio. Brown Brothers Harriman stated it has 70 shares. Etrade Cap Ltd Liability Corp holds 8,172 shares. 55,574 are held by Arizona State Retirement Systems. Sirios Cap Mngmt L P owns 32,697 shares for 0.28% of their portfolio.

Since December 11, 2017, it had 0 insider buys, and 20 sales for $18.18 million activity. The insider HANNES WILLIAM F sold $2.03 million. 2,693 shares valued at $546,787 were sold by BUCHANAN EDISON C on Wednesday, May 9. Hopkins Frank E had sold 2,000 shares worth $320,000 on Monday, December 18. The insider SHEFFIELD SCOTT D sold 2,000 shares worth $360,000. CHEATWOOD CHRIS J sold $1.06 million worth of Pioneer Natural Resources Company (NYSE:PXD) on Wednesday, May 9. RISCH FRANK A had sold 1,000 shares worth $202,158 on Wednesday, May 9.

The stock of Pioneer Natural Resources Company (NYSE:PXD) hit a new 52-week high and has $222.22 target or 6.00 % above today’s $209.64 share price. The 7 months bullish chart indicates low risk for the $35.73B company. The 1-year high was reported on May, 20 by Barchart.com. If the $222.22 price target is reached, the company will be worth $2.14 billion 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 decreased 1.26% or $2.67 during the last trading session, reaching $209.64. About 1.35M shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since May 20, 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 August, 7. They expect $1.58 EPS, up 652.38 % or $1.37 from last year’s $0.21 per share. PXD’s profit will be $269.27M for 33.17 P/E if the $1.58 EPS becomes a reality. After $1.66 actual EPS reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts -4.82 % negative EPS growth.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 24 analysts covering Pioneer Natural (NYSE:PXD), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Pioneer Natural had 47 analyst reports since November 21, 2017 according to SRatingsIntel. The company was maintained on Thursday, April 19 by Susquehanna. Jefferies maintained it with “Buy” rating and $192.0 target in Wednesday, December 20 report. On Thursday, May 3 the stock rating was maintained by Credit Suisse with “Buy”. The company was downgraded on Wednesday, April 18 by KLR Group. BMO Capital Markets maintained Pioneer Natural Resources Company (NYSE:PXD) on Wednesday, April 11 with “Buy” rating. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, January 9. FBR Capital initiated Pioneer Natural Resources Company (NYSE:PXD) rating on Monday, February 5. FBR Capital has “Buy” rating and $305.0 target. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Tuesday, January 30 by Jefferies. Robert W. Baird maintained Pioneer Natural Resources Company (NYSE:PXD) on Tuesday, February 6 with “Buy” rating. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Hold” rating given on Wednesday, February 7 by Williams Capital Group.

More notable recent Pioneer Natural Resources Company (NYSE:PXD) news were published by: Seekingalpha.com which released: “US Shale: NAV Analysis Of Permian Basin – Midland Basin E&Ps” on May 02, 2018, also Seekingalpha.com with their article: “US Plays Its Foreign Policy Hand Freed From Oil” published on May 13, 2018, Seekingalpha.com published: “Pioneer Natural Resources (PXD) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. More interesting news about Pioneer Natural Resources Company (NYSE:PXD) were released by: Investorplace.com and their article: “5 Top Energy Stocks For $100-A-Barrel Oil” published on May 17, 2018 as well as Gurufocus.com‘s news article titled: “5 Energy Stocks in Gurus’ Portfolios” with publication date: May 14, 2018.

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 $35.73 billion. The firm explores for, develops, and produces oil, natural gas liquids , and gas. It has a 43.22 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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