Pioneer Natural Resources (PXD) Earns Buy Rating from BMO Capital Markets

Mae Love
February 7, 2018

American Assets Investment Management Llc who had been investing in Pioneer Nat Res Co for a number of months, seems to be bullish on the $29.60 billion market cap company. The average volume was noted at 1545.81K shares while its relative volume was seen at 1.55.

Pioneer Natural Resources Company (PXD) closed the Monday at final price of $171.82 after traded 2425758 shares. It has underperformed by 16.70% the S&P500.

Associated Banc-Corp increased Mondelez Intl Inc (NASDAQ:MDLZ) stake by 9,015 shares to 452,251 valued at $18.39M in 2017Q3. Kingfisher Cap Limited Liability Company has 7,223 shares. The institutional investor held 44,464 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $6.81 million, up from 20,700 at the end of the previous reported quarter. About 2.89 million shares traded or 19.49% up from the average. It is down 0.00% since February 7, 2017 and is. It has outperformed by 21.52% the S&P500. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of Pioneer Natural Resources stock in a transaction that occurred on Wednesday, December 27th. Therefore 88% are positive. Graco Inc had 34 analyst reports since September 15, 2015 according to SRatingsIntel. Credit Agricole S A acquired 14,376 shares as Pioneer Natural Re (PXD)'s stock declined 8.01%.

Riley initiated coverage with a Buy rating. Mizuho maintained it with "Buy" rating and $190.0 target in Tuesday, November 21 report. The firm earned "Buy" rating on Thursday, January 18 by Cowen & Co. The firm has "Buy" rating given on Thursday, June 15 by RBC Capital Markets. The firm earned "Buy" rating on Tuesday, August 1 by Stifel Nicolaus. Barclays Capital has "Equal-Weight" rating and $129 target. The rating was maintained by Keefe Bruyette & Woods with "Buy" on Thursday, December 21.

Avenir Corp, which manages about $1.38 billion and $1.16 billion US Long portfolio, decreased its stake in Carmax Inc (NYSE:KMX) by 45,106 shares to 1.08 million shares, valued at $81.91 million in 2017Q3, according to the filing. It also reduced its holding in Gilead Sciences Inc (NASDAQ:GILD) by 15,380 shares in the quarter, leaving it with 40,410 shares, and cut its stake in Time Warner Inc (NYSE:TWX).

Since September 11, 2017, it had 0 insider purchases, and 5 sales for $941,910 activity. During the past six months, Pioneer Natural Resources Company (NYSE:PXD)'s stock has been 26.95% and -6.54% for the last 12 months.

In related news, CEO Timothy L. Dove sold 5,560 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, November 9th. Moreau Bernard J sold 1,248 shares worth $150,144. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have issued a buy rating to the company's stock.

If the ratio is less than 1, then we can determine that there has been a decrease in price.

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22 analysts on average are expecting the company to report revenue of $1.28 Billion for the current quarter. It dived, as 78 investors sold PXD shares while 197 reduced holdings.

For the year, the company reported net income of $833 million, or $4.85 per share, swinging to a profit in the period. Baupost Ltd Ma invested in 0.05% or 28,895 shares.

PXD indicated a yearly downward return of -6.54% while year-to-date (YTD) return printed -0.60% bearish outlook. Pitcairn Co stated it has 3,939 shares. Texas Bancshares Inc Tx holds 1.83% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD) for 5,559 shares. 3,301 were accumulated by Riverhead Capital Mgmt Ltd Co. The lower the number, a company is thought to have low volatility. California Public Employees Retirement has 166,717 shares for 0.03% of their portfolio.

COPYRIGHT VIOLATION NOTICE: "Q1 2018 EPS Estimates for Pioneer Natural Resources (NYSE:PXD) Boosted by Seaport Global Securities" was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. The company reported revenue of $1.41 Billion in the same period a year ago. Telemus Cap Lc has 0.11% invested in The PNC Financial Services Group, Inc. Cap Fund Management has invested 0.34% in Pioneer Natural Resources Company (NYSE:PXD). Finally, Jefferies Group set a $192.00 price objective on shares of Pioneer Natural Resources and gave the company a buy rating in a report on Wednesday, December 20th. Salem Investment Counselors Inc. now owns 4,063 shares of the oil and gas development company's stock worth $648,000 after purchasing an additional 92 shares during the last quarter.

Analysts await Autodesk, Inc. The Lower end of the earnings estimate is $0.65, while the higher end of the earnings estimate is $1.51. During the same quarter a year ago, the business earned $0.49 EPS. After $-0.42 actual EPS reported by Autodesk, Inc. for the previous quarter, Wall Street now forecasts -19.05% EPS growth. (NYSE:PNC) was sold by Larrimer Karen L. Reilly Robert Q sold $2.85M worth of The PNC Financial Services Group, Inc. 5,892 shares were sold by Srouji Johny, worth $948,612. $429,417 worth of The PNC Financial Services Group, Inc.

Investors sentiment decreased to 0.87 in 2017 Q3. 153.19 million shares or 1.72% more from 150.60 million shares in 2017Q2 were reported. It also upped Analog Devices Inc (NASDAQ:ADI) stake by 65,709 shares and now owns 213,818 shares. 75 funds opened positions while 289 raised stakes. 206.38 million shares or 1.05% more from 204.24 million shares in 2017Q2 were reported. 24,585 were reported by Quadrant Mngmt Limited Liability Com. Natixis holds 0.02% or 11,064 shares. Twin Tree LP owns 0% invested in Graco Inc. Mason Street Advsr, Wisconsin-based fund reported 30,428 shares. (NYSE:GGG) for 20,759 shares.

The Return on Invested Capital (aka ROIC) for Williams-Sonoma, Inc. Citigroup holds 0.02% or 189,315 shares. Robeco Institutional Asset Management Bv holds 10,888 shares or 0.01% of its portfolio. Proshare Advisors invested 0.1% of its portfolio in Graco Inc. Bessemer Group Inc accumulated 66,238 shares. Cambridge Inv Research Advsrs reported 0.01% in Royal Caribbean Cruises Ltd. (NYSE:RCL).

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