Wexford Capital LP Trimmed Its Pioneer Nat Res Co (PXD) Holding by $21.52 Million; Stock Value Declined

Pioneer Natural Resources Company (NYSE:PXD) LogoInvestors sentiment decreased to 0.91 in Q4 2018. Its down 0.45, from 1.36 in 2018Q3. It is negative, as 67 investors sold PXD shares while 232 reduced holdings. 77 funds opened positions while 195 raised stakes. 146.98 million shares or 2.12% more from 143.93 million shares in 2018Q3 were reported. Sirios Mngmt LP reported 1.45% stake. Transamerica Financial has 2 shares for 0% of their portfolio. 447,677 are held by Morgan Stanley. Capital Intl reported 5.97 million shares. Argent Tru Commerce holds 0.05% or 3,168 shares. Moreover, Birchview Capital Lp has 0.47% invested in Pioneer Natural Resources Company (NYSE:PXD). Beese Fulmer Invest Mgmt invested in 6,723 shares or 0.2% of the stock. Bankshares Of The West holds 0.25% or 15,762 shares. Advisors Asset Management holds 15,253 shares or 0.04% of its portfolio. Toronto Dominion Bank reported 0.02% stake. Employees Retirement Of Texas invested in 0.11% or 54,900 shares. Charles Schwab Invest Mngmt Incorporated holds 0.07% or 664,893 shares in its portfolio. Nuveen Asset Management Llc invested in 4,154 shares. Canada Pension Plan Invest Board holds 68,410 shares or 0.02% of its portfolio. Baldwin Brothers Ma has invested 0.29% in Pioneer Natural Resources Company (NYSE:PXD).

Since December 18, 2018, it had 1 insider buy, and 1 sale for $545,905 activity. DOVE TIMOTHY L sold $644,080 worth of stock.

Wexford Capital Lp decreased its stake in Pioneer Nat Res Co (PXD) by 50.14% based on its latest 2018Q4 regulatory filing with the SEC. Wexford Capital Lp sold 164,263 shares as the company’s stock declined 2.60% while stock markets rallied. The hedge fund held 163,353 shares of the oil & gas production company at the end of 2018Q4, valued at $21.48 million, down from 327,616 at the end of the previous reported quarter. Wexford Capital Lp who had been investing in Pioneer Nat Res Co for a number of months, seems to be less bullish one the $22.84 billion market cap company. The stock decreased 0.51% or $0.7 during the last trading session, reaching $135.67. About 1.81M shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 14.84% since March 17, 2018 and is downtrending. It has underperformed by 19.21% the S&P500.

Wexford Capital Lp, which manages about $6.34B and $1.17 billion US Long portfolio, upped its stake in Energy Transfer Lp (NYSE:ETE) by 3.08M shares to 3.79 million shares, valued at $50.10M in 2018Q4, according to the filing. It also increased its holding in Targa Res Corp (NYSE:TRGP) by 98,235 shares in the quarter, for a total of 733,886 shares, and has risen its stake in Zillow Group Inc.

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on May, 1. They expect $1.62 earnings per share, down 2.41 % or $0.04 from last year’s $1.66 per share. PXD’s profit will be $272.76 million for 20.94 P/E if the $1.62 EPS becomes a reality. After $1.18 actual earnings per share reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts 37.29 % EPS growth.

More notable recent Pioneer Natural Resources Company (NYSE:PXD) news were published by: Fool.com which released: “More Permian Basin Drillers Are Tapping the Brakes in 2019 – Motley Fool” on February 20, 2019, also Seekingalpha.com with their article: “Major Implications Of Pioneer Natural Resources’ Big Buyback Program – Seeking Alpha” published on December 19, 2018, Seekingalpha.com published: “Pioneer Natural Resources Q4 2018 Earnings Preview – Seeking Alpha” on February 12, 2019. More interesting news about Pioneer Natural Resources Company (NYSE:PXD) were released by: Fool.com and their article: “3 Things to Watch When Devon Energy Reports Q4 Results – Motley Fool” published on February 19, 2019 as well as Seekingalpha.com‘s news article titled: “Pioneer Natural Resources: A Shift In Mindset – Seeking Alpha” with publication date: February 21, 2019.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 15 analysts covering Pioneer Natural Resources (NYSE:PXD), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Pioneer Natural Resources had 22 analyst reports since September 26, 2018 according to SRatingsIntel. The company was maintained on Tuesday, February 19 by Barclays Capital. The stock has “Overweight” rating by Barclays Capital on Thursday, November 15. The rating was downgraded by Stephens to “Buy” on Thursday, February 14. On Tuesday, February 19 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Overweight” rating on Friday, October 12 by Morgan Stanley. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Thursday, February 14 by Williams Capital Group. The firm earned “Overweight” rating on Wednesday, September 26 by Morgan Stanley. The firm earned “Hold” rating on Friday, February 15 by TD Securities. The firm earned “Hold” rating on Thursday, February 14 by Oppenheimer. The company was reinitiated on Friday, September 28 by PiperJaffray.

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

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