Ingalls & Snyder LLC Lowered Pioneer Nat Res Co (PXD) Position by $4.46 Million

April 17, 2018 - By Jason Grubb

Pioneer Natural Resources Company (NYSE:PXD) LogoInvestors sentiment decreased to 0.87 in 2017 Q4. Its down 0.16, from 1.03 in 2017Q3. It dived, as 66 investors sold PXD 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. Shell Asset Mngmt has 0.09% invested in Pioneer Natural Resources Company (NYSE:PXD) for 26,553 shares. Timber Hill Llc owns 2,437 shares for 0.03% of their portfolio. Koch Industries holds 0.06% or 2,206 shares. Clearbridge Limited Company stated it has 1.7% in Pioneer Natural Resources Company (NYSE:PXD). State Of New Jersey Common Pension Fund D accumulated 0.05% or 81,000 shares. Fuller Thaler Asset Mngmt has 450 shares. 495,044 were accumulated by Ubs Asset Mngmt Americas. Vident Investment Advisory Ltd Liability Co has 0.04% invested in Pioneer Natural Resources Company (NYSE:PXD). Piedmont Investment Ltd Limited Liability Company invested 0.13% in Pioneer Natural Resources Company (NYSE:PXD). Washington Bancshares stated it has 21,777 shares or 0.55% of all its holdings. Holt Capital Ltd Dba Holt Capital Partners Ltd Partnership has 0.57% invested in Pioneer Natural Resources Company (NYSE:PXD) for 10,415 shares. Cambridge Trust Co invested in 0.9% or 82,113 shares. Tci Wealth Inc stated it has 0.02% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Homrich And Berg holds 0.04% in Pioneer Natural Resources Company (NYSE:PXD) or 3,134 shares. Pacific Glob Invest Mngmt reported 3,294 shares.

Since December 11, 2017, it had 0 insider purchases, and 10 insider sales for $3.90 million activity. 1,150 shares valued at $207,196 were sold by KLEINMAN MARK H on Monday, February 26. Montemayor Margaret sold $252,855 worth of Pioneer Natural Resources Company (NYSE:PXD) on Tuesday, February 27. BERG MARK STEPHEN also sold $315,700 worth of Pioneer Natural Resources Company (NYSE:PXD) shares. Grillot Larry R. also sold $31,870 worth of Pioneer Natural Resources Company (NYSE:PXD) shares. Fairbrook Teresa A had sold 2,134 shares worth $384,120 on Friday, February 23. Stewart Stephanie D sold $195,624 worth of stock or 1,100 shares.

Ingalls & Snyder Llc decreased its stake in Pioneer Nat Res Co (PXD) by 2.53% based on its latest 2017Q4 regulatory filing with the SEC. Ingalls & Snyder Llc sold 25,948 shares as the company’s stock rose 0.37% while stock markets declined. The institutional investor held 999,297 shares of the oil & gas production company at the end of 2017Q4, valued at $172.73 million, down from 1.03 million at the end of the previous reported quarter. Ingalls & Snyder Llc who had been investing in Pioneer Nat Res Co for a number of months, seems to be less bullish one the $32.92 billion market cap company. The stock increased 1.00% or $1.91 during the last trading session, reaching $193.04. About 475,280 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since April 17, 2017 and is downtrending. It has underperformed by 16.34% the S&P500.

Ingalls & Snyder Llc, which manages about $3.07B and $2.17B US Long portfolio, upped its stake in Omeros Corp (NASDAQ:OMER) by 174,204 shares to 5.34 million shares, valued at $103.66 million in 2017Q4, according to the filing. It also increased its holding in Goldman Sachs Group Inc (NYSE:GS) by 66,455 shares in the quarter, for a total of 86,955 shares, and has risen its stake in Fortuna Silver Mines Inc (NYSE:FSM).

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on May, 2. They expect $1.41 EPS, up 464.00 % or $1.16 from last year’s $0.25 per share. PXD’s profit will be $240.45M for 34.23 P/E if the $1.41 EPS becomes a reality. After $1.22 actual EPS reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts 15.57 % EPS growth.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 25 analysts covering Pioneer Natural Resources (NYSE:PXD), 23 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Pioneer Natural Resources had 44 analyst reports since October 18, 2017 according to SRatingsIntel. Imperial Capital maintained Pioneer Natural Resources Company (NYSE:PXD) on Thursday, February 8 with “Outperform” rating. Susquehanna downgraded the stock to “Neutral” rating in Wednesday, January 17 report. The rating was maintained by Mizuho on Tuesday, November 21 with “Buy”. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, November 21. Piper Jaffray maintained Pioneer Natural Resources Company (NYSE:PXD) rating on Tuesday, January 9. Piper Jaffray has “Buy” rating and $207.0 target. The firm has “Buy” rating by Robert W. Baird given on Tuesday, February 6. The firm earned “Buy” rating on Monday, March 19 by Jefferies. The rating was maintained by Barclays Capital with “Overweight” on Monday, November 20. The firm has “Buy” rating given on Monday, February 26 by BMO Capital Markets. The rating was maintained by Cowen & Co with “Buy” on Thursday, January 18.

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

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