Just How Negative is KLR Group Following Their Downgrade of Pioneer Natural Resources (NYSE:PXD)?

April 19, 2018 - By Henry Gaston

Pioneer Natural Resources Company (NYSE:PXD) Logo

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.16, from 1.03 in 2017Q3. It worsened, as 66 investors sold Pioneer Natural Resources Company 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.

4,174 were accumulated by Veritable L P. 383 are held by Advisory Net Ltd Limited Liability Company. Adage Capital Prns Group Ltd Liability Co reported 0.14% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Winch Advisory Limited Liability Corp reported 0% in Pioneer Natural Resources Company (NYSE:PXD). First Personal Finance Serv owns 274 shares or 0.01% of their US portfolio. Hartline Inv Corporation reported 6,395 shares. Lombard Odier Asset Management (Usa) Corporation stated it has 136,053 shares. Raymond James Fincl Svcs Advisors Inc has invested 0.12% in Pioneer Natural Resources Company (NYSE:PXD). Usca Ria Ltd Liability Company reported 0.03% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Carmignac Gestion holds 3.84M shares. Community And Investment holds 98,829 shares or 2.13% of its portfolio. Manufacturers Life Insurance The stated it has 0.04% in Pioneer Natural Resources Company (NYSE:PXD). 2,150 are owned by Wellington Shields Capital Management Limited Co. Moreover, Panagora Asset Mgmt Incorporated has 0.01% invested in Pioneer Natural Resources Company (NYSE:PXD) for 10,616 shares. Utd Automobile Association invested in 52,822 shares.

Since December 11, 2017, it had 0 insider purchases, and 10 insider sales for $3.90 million activity. 1,410 shares were sold by Montemayor Margaret, worth $252,855 on Tuesday, February 27. Shares for $315,700 were sold by BERG MARK STEPHEN on Thursday, December 14. 2,000 shares valued at $360,000 were sold by SHEFFIELD SCOTT D on Friday, February 23. Another trade for 1,150 shares valued at $207,196 was sold by KLEINMAN MARK H. Hopkins Frank E sold 2,000 shares worth $320,000. Grillot Larry R. sold $31,870 worth of Pioneer Natural Resources Company (NYSE:PXD) on Monday, December 11.

Pioneer Natural Resources (NYSE:PXD) Receives a Downgrade

Shares of New York-listed Pioneer Natural Resources (NYSE:PXD) Have been downgraded by stock analysts at KLR Group. KLR Group downgraded their rating for the $33.32B market cap company to a “Hold” from their previous “Buy” rating.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.16, from 1.03 in 2017Q3. It worsened, as 66 investors sold Pioneer Natural Resources Company 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.

4,174 were accumulated by Veritable L P. 383 are held by Advisory Net Ltd Limited Liability Company. Adage Capital Prns Group Ltd Liability Co reported 0.14% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Winch Advisory Limited Liability Corp reported 0% in Pioneer Natural Resources Company (NYSE:PXD). First Personal Finance Serv owns 274 shares or 0.01% of their US portfolio. Hartline Inv Corporation reported 6,395 shares. Lombard Odier Asset Management (Usa) Corporation stated it has 136,053 shares. Raymond James Fincl Svcs Advisors Inc has invested 0.12% in Pioneer Natural Resources Company (NYSE:PXD). Usca Ria Ltd Liability Company reported 0.03% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Carmignac Gestion holds 3.84M shares. Community And Investment holds 98,829 shares or 2.13% of its portfolio. Manufacturers Life Insurance The stated it has 0.04% in Pioneer Natural Resources Company (NYSE:PXD). 2,150 are owned by Wellington Shields Capital Management Limited Co. Moreover, Panagora Asset Mgmt Incorporated has 0.01% invested in Pioneer Natural Resources Company (NYSE:PXD) for 10,616 shares. Utd Automobile Association invested in 52,822 shares.

Since December 11, 2017, it had 0 insider purchases, and 10 insider sales for $3.90 million activity. 1,410 shares were sold by Montemayor Margaret, worth $252,855 on Tuesday, February 27. Shares for $315,700 were sold by BERG MARK STEPHEN on Thursday, December 14. 2,000 shares valued at $360,000 were sold by SHEFFIELD SCOTT D on Friday, February 23. Another trade for 1,150 shares valued at $207,196 was sold by KLEINMAN MARK H. Hopkins Frank E sold 2,000 shares worth $320,000. Grillot Larry R. sold $31,870 worth of Pioneer Natural Resources Company (NYSE:PXD) on Monday, December 11.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 25 analysts covering Pioneer Natural (NYSE:PXD), 23 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Pioneer Natural has $31300 highest and $156 lowest target. $225.21’s average target is 15.26% above currents $195.39 stock price. Pioneer Natural had 43 analyst reports since October 20, 2017 according to SRatingsIntel. BMO Capital Markets maintained the shares of PXD in report on Thursday, January 11 with “Buy” rating. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, December 19. The rating was maintained by Jefferies with “Buy” on Friday, November 3. As per Wednesday, January 17, the company rating was downgraded by Susquehanna. As per Tuesday, January 16, the company rating was maintained by Mizuho. The stock of Pioneer Natural Resources Company (NYSE:PXD) earned “Hold” rating by Susquehanna on Monday, March 5. On Friday, October 20 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The firm has “Buy” rating given on Monday, February 26 by BMO Capital Markets. The firm has “Buy” rating given on Tuesday, February 6 by Robert W. Baird. As per Tuesday, January 23, the company rating was maintained by Credit Suisse.

The stock increased 0.48% or $0.94 during the last trading session, reaching $195.39. About 447,578 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since April 19, 2017 and is downtrending. It has underperformed by 16.34% the S&P500.

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on May, 2 after the close. They expect $1.47 EPS, up 488.00 % or $1.22 from last year’s $0.25 per share. PXD’s profit will be $250.67M for 33.23 P/E if the $1.47 EPS becomes a reality. After $1.22 actual EPS reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts 20.49 % EPS growth.

Pioneer Natural Resources Company operates as an independent gas and oil exploration and production firm in the United States. The company has market cap of $33.32 billion. The firm explores for, develops, and produces oil, natural gas liquids , and gas. It has a 40.29 P/E ratio. It has activities primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle.

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

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