Pioneer Natural Resources Company (PXD) Upgraded by Zacks Investment Research to "Buy"

Lloyd Doyle
October 23, 2017

LS Investment Advisors LLC now owns 3,947 shares of the oil and gas development company's stock valued at $597,000 after buying an additional 163 shares in the last quarter. The Texas-based Avalon Advisors Ltd Llc has invested 0.27% in Pioneer Natural Resources (NYSE:PXD). Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company's stock valued at $155,000 after buying an additional 22 shares in the last quarter. The shares were bought at an average price of $133.40 per share, for a total transaction of $100,050.00. Scotiabank set a $210.00 target price on Pioneer Natural Resources and gave the company a "buy" rating in a report on Saturday, July 1st. It has underperformed by 8.24% the S&P500. Boothbay Fund Limited Company invested in 16,531 shares. The institutional investor held 106,620 shares of the semiconductors company at the end of 2017Q2, valued at $1.46 million, up from 58,374 at the end of the previous reported quarter. The company has a market cap of $24.62 billion, a P/E ratio of 146.06 and a beta of 0.94.

The stock decreased 2.70% or $0.12 on October 20, reaching $4.32. PRGX Global Inc (NASDAQ:PRGX) has risen 32.42% since October 22, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Since May 12, 2017, it had 0 insider buys, and 2 selling transactions for $1.57 million activity. Moreover, Fmr Llc has 0% invested in the company for 2.57 million shares. It also reduced Mbia Inc (NYSE:MBI) stake by 68,000 shares and now owns 42,000 shares.

Investors sentiment increased to 0.68 in Q2 2017. Its up 0.04, from 0.64 in 2017Q1. It dived, as 75 investors sold Pioneer Natural Resources shares while 204 reduced holdings. IBM Retirement Fund raised its position in Pioneer Natural Resources Company by 1.8% in the second quarter. Cornerstone Advsr Incorporated reported 5,000 shares. Amer holds 61,879 shares. Glg Ptnrs Lp holds 13,875 shares. California State Teachers Retirement Systems holds 0.05% or 138,642 shares. Gemmer Asset Management invested in 0.01% or 96 shares. The insider Srouji Johny sold 10,019 shares worth $1.54M.

Pioneer Natural Resources (NYSE:PXD) traded up 1.24% during mid-day trading on Wednesday, reaching $144.75. Blackrock Inc owns 849,195 shares for 0% of their portfolio. Prudential Fin reported 0.06% stake.

Shares of Pioneer Natural Resources Company (NYSE:PXD) traded down 0.87% during midday trading on Monday, hitting $180.07. (NASDAQ:AAPL). Exane Derivatives has invested 0% in Apple Inc. Wells Fargo & Mn accumulated 0% or 20,163 shares. The stock of Pioneer Natural Resources (NYSE:PXD) earned "Buy" rating by Citigroup on Friday, July 21. NY's holdings in Pioneer Natural Resources Company were worth $8,292,000 as of its most recent SEC filing. Asset One stated it has 0.11% of its portfolio in Pioneer Natural Resources (NYSE:PXD).

Pioneer Natural Resources Company (NYSE:PXD) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research report issued on Wednesday, October 11th. Therefore 88% are positive. The shares were purchased at an average price of $135.37 per share, with a total value of $47,379.50. KCAP Financial had 6 analyst reports since August 6, 2015 according to SRatingsIntel. 3,305 Pioneer Natural Resources (NYSE:PXD) shares with value of $566,180 were sold by DOVE TIMOTHY L. Credit Suisse has "Outperform" rating and $212 target. Also, Director Andrew F. Cates bought 350 shares of the stock in a transaction on Friday, August 11th. BMO Capital Markets lowered their target price on Pioneer Natural Resources from $240.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, July 14th. They set a "neutral" rating and a $200.00 price target for the company. The company was maintained on Thursday, June 15 by RBC Capital Markets.

Pioneer Natural Resources Company is an oil and gas exploration and production company. Checchi Capital Advisers LLC raised its position in Pioneer Natural Resources Company by 2.2% in the second quarter.

Since May 1, 2017, it had 0 insider purchases, and 15 insider sales for $27.18 million activity.

Investors sentiment decreased to 0.87 in 2017 Q2. Its up 0.23, from 0.85 in 2017Q1. Proshare Advisors has 33,807 shares. As of December 31, 2016, the Company owned approximately 185,000 gross acres (165,000 net acres) in the center of the Raton Basin. Pine River Capital Mngmt Limited Partnership holds 0.31% or 54,984 shares in its portfolio. Riverpoint Cap Mgmt Limited Com has invested 0.02% in Cypress Semiconductor Corporation (NASDAQ:CY). Axa accumulated 205,000 shares. Jpmorgan Chase & Com invested 0.02% in Cypress Semiconductor Corporation (NASDAQ:CY). First Manhattan holds 4,705 shares. Cap Fund Mgmt holds 269,480 shares. Moreover, Commonwealth Equity Ser has 0.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 117,049 shares. Bank Of America Corp De, a North Carolina-based fund reported 20,486 shares.

Among 6 analysts covering KCAP Financial (NASDAQ:KCAP), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 74% are positive. Pioneer Natural Resources Company has a 52-week low of 125.46 and a 52-week high of 199.83. $14.50's average target is -7.64% below currents $15.7 stock price. Cypress Semiconductor Corporation had 53 analyst reports since August 31, 2015 according to SRatingsIntel. Barclays Capital has "Equal Weight" rating and $124 target. Tower Bridge invested 0% in Pioneer Natural Resources (NYSE:PXD). The rating was maintained by KeyBanc Capital Markets on Friday, October 6 with "Buy". The firm has "Hold" rating given on Wednesday, January 11 by Societe Generale. The firm earned "Buy" rating on Monday, August 24 by Zacks. Deutsche Bank maintained the stock with "Buy" rating in Tuesday, March 29 report. As per Wednesday, October 28, the company rating was maintained by Stifel Nicolaus. The firm has "Neutral" rating by Janney Capital given on Wednesday, April 27.

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