Avenir Corp Has Upped Pioneer Nat Res Co (PXD) Position by $10.55 Million; Stock Declined

February 23, 2018 - By Kurt Siggers

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.07, from 1.1 in 2017Q2. It worsened, as 78 investors sold PXD shares while 197 reduced holdings. 73 funds opened positions while 209 raised stakes. 151.85 million shares or 0.71% less from 152.94 million shares in 2017Q2 were reported. Dean Inv Limited Liability Company invested in 4,701 shares or 0.11% of the stock. Moreover, M&T Retail Bank Corporation has 0.01% invested in Pioneer Natural Resources Company (NYSE:PXD) for 11,577 shares. First Bank & Trust holds 0.2% in Pioneer Natural Resources Company (NYSE:PXD) or 17,740 shares. Fincl Advantage holds 52 shares. Tower Research Cap Ltd (Trc) stated it has 756 shares or 0.01% of all its holdings. Ftb Advsrs has invested 0.04% in Pioneer Natural Resources Company (NYSE:PXD). Teacher Retirement System Of Texas owns 204,616 shares. Ny State Common Retirement Fund reported 0.1% in Pioneer Natural Resources Company (NYSE:PXD). The Massachusetts-based Massachusetts Svcs Comm Ma has invested 0.07% in Pioneer Natural Resources Company (NYSE:PXD). Integral Derivatives Lc has 10,972 shares for 0.03% of their portfolio. Hellman Jordan Co Ma has invested 1.69% in Pioneer Natural Resources Company (NYSE:PXD). Campbell Company Investment Adviser Ltd Liability owns 3,505 shares for 0.42% of their portfolio. Patten Gp accumulated 274 shares or 0.02% of the stock. Iconiq Capital Ltd Liability Corporation accumulated 0.02% or 1,369 shares. Deutsche National Bank Ag invested in 273,186 shares or 0.03% of the stock.

Since September 11, 2017, it had 0 insider buys, and 5 sales for $941,910 activity. Another trade for 2,000 shares valued at $315,700 was sold by BERG MARK STEPHEN. $114,835 worth of Pioneer Natural Resources Company (NYSE:PXD) was sold by Fairbrook Teresa A. Hopkins Frank E sold $320,000 worth of stock. Another trade for 200 shares valued at $31,870 was made by Grillot Larry R. on Monday, December 11.

Avenir Corp increased its stake in Pioneer Nat Res Co (PXD) by 20.39% based on its latest 2017Q3 regulatory filing with the SEC. Avenir Corp bought 71,766 shares as the company’s stock declined 8.01% while stock markets rallied. The institutional investor held 423,682 shares of the oil & gas production company at the end of 2017Q3, valued at $62.51 million, up from 351,916 at the end of the previous reported quarter. Avenir Corp who had been investing in Pioneer Nat Res Co for a number of months, seems to be bullish on the $30.31B market cap company. The stock increased 0.32% or $0.57 during the last trading session, reaching $177.99. About 590,697 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 8.46% since February 23, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

Avenir Corp, which manages about $1.38B and $1.16 billion US Long portfolio, decreased its stake in American Tower Corp (NYSE:AMT) by 25,183 shares to 872,816 shares, valued at $119.30M in 2017Q3, according to the filing. It also reduced its holding in Kinder Morgan Inc (NYSE:KMI) by 286,828 shares in the quarter, leaving it with 1.68 million shares, and cut its stake in Carmax Inc (NYSE:KMX).

More notable recent Pioneer Natural Resources Company (NYSE:PXD) news were published by: Bloomberg.com which released: “Permian’s Mammoth Cubes Herald Supersized Future for Shale” on February 22, 2018, also Fool.com with their article: “Pioneer Natural Resources Obliterates Expectations” published on February 07, 2018, Seekingalpha.com published: “Pioneer Natural Resources (PXD) Q4 2017 Results – Earnings Call Transcript” on February 07, 2018. More interesting news about Pioneer Natural Resources Company (NYSE:PXD) were released by: Nasdaq.com and their article: “Pioneer Natural Resources, Mattel, Wells Fargo and Berkshire Hathaway …” published on February 15, 2018 as well as Nasdaq.com‘s news article titled: “First Week of April 20th Options Trading For Pioneer Natural Resources (PXD)” with publication date: February 23, 2018.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 40 analysts covering Pioneer Natural Resources (NYSE:PXD), 35 have Buy rating, 1 Sell and 4 Hold. Therefore 88% are positive. Pioneer Natural Resources had 150 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, January 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating by RBC Capital Markets given on Friday, October 13. The firm has “Buy” rating given on Wednesday, February 7 by RBC Capital Markets. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Outperform” rating given on Tuesday, January 12 by BMO Capital Markets. Wunderlich maintained Pioneer Natural Resources Company (NYSE:PXD) on Friday, February 12 with “Buy” rating. Bernstein initiated the stock with “Outperform” rating in Wednesday, August 17 report. Piper Jaffray maintained the shares of PXD in report on Friday, February 9 with “Buy” rating. On Thursday, August 4 the stock rating was downgraded by Societe Generale to “Sell”. Cowen & Co maintained the shares of PXD in report on Thursday, January 18 with “Buy” rating. UBS maintained the shares of PXD in report on Tuesday, April 26 with “Buy” rating.

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