13F Filing Note: Talara Capital Management LLC Has Lowered Pioneer Nat Res Co (PXD) Stake by $4.48 Million as Market Value Rose

13F Filing Note: Talara Capital Management LLC Has Lowered Pioneer Nat Res Co (PXD) Stake by $4.48 Million as Market Value Rose

David Zusman decreased its stake in Pioneer Nat Res Co (PXD) by 23.6% based on its latest 2016Q3 regulatory filing with the SEC. Talara Capital Management Llc sold 24,200 shares as the company’s stock rose 22.86% with the market. The hedge fund run by David Zusman held 78,350 shares of the oil & gas production company at the end of 2016Q3, valued at $14.55M, down from 102,550 at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Pioneer Nat Res Co for a number of months, seems to be less bullish one the $31.01 billion market cap company. The stock is up 1.52% or $2.76 hitting $184.03, despite the negative news. About 807,005 shares traded hands. Pioneer Natural Resources (NYSE:PXD) has risen 9.47% since June 7, 2016 and is uptrending. It has outperformed by 2.05% the S&P500.

Talara Capital Management Llc is a New York-based hedge fund that was founded by David Zusman. It had more than $249.36 million assets under management in July, 2014. Taken from Talara Capital Management latest Adv, the fund reported to have 9 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q3. Its down 0.50, from 1.63 in 2016Q2. The ratio fall, as 61 funds sold all PXD shares owned while 209 reduced positions. 89 funds bought stakes while 215 increased positions. They now own 154.05 million shares or 1.27% less from 156.03 million shares in 2016Q2. Artemis Investment Llp owns 63,348 shares or 0.33% of their US portfolio. Advisor Prtn Lc reported 2,312 shares or 0.14% of all its holdings. Private National Bank & Trust And, a Illinois-based fund reported 1,669 shares. Aviva Pcl accumulated 0.16% or 137,562 shares. Regions Finance Corp last reported 0.01% of its portfolio in the stock. Capital Fund accumulated 0% or 1,340 shares. Dg Inc holds 0.77% or 4,225 shares in its portfolio. Moreover, Renaissance Technologies Ltd Liability Co has 0.14% invested in Pioneer Natural Resources (NYSE:PXD) for 413,388 shares. Toronto Dominion Retail Bank has 7,751 shares for 0% of their US portfolio. Exane Derivatives holds 0% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 1,583 shares. Gulf Intl National Bank (Uk) Limited has 49,353 shares for 0.15% of their US portfolio. Ray Gerald L And Associate Limited holds 1,900 shares or 0.05% of its portfolio. Moreover, Hyman Charles D has 0.09% invested in Pioneer Natural Resources (NYSE:PXD) for 3,200 shares. Guggenheim Capital Limited Liability Co has 0.15% invested in the company for 267,465 shares. Credit Suisse Ag last reported 550,104 shares in the company.

Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 13 sales for $20.08 million net activity. The insider CHEATWOOD CHRIS J sold 12,151 shares worth $2.08 million. Hall Jerome D JR had sold 1,000 shares worth $183,240. $92,540 worth of Pioneer Natural Resources (NYSE:PXD) shares were sold by RISCH FRANK A. Another trade for 2,000 shares valued at $348,640 was sold by BERG MARK STEPHEN. 500 Pioneer Natural Resources (NYSE:PXD) shares with value of $82,362 were sold by Grillot Larry R.. $555,240 worth of Pioneer Natural Resources (NYSE:PXD) shares were sold by DOVE TIMOTHY L. 1,500 Pioneer Natural Resources (NYSE:PXD) shares with value of $262,731 were sold by KLEINMAN MARK H.

Analysts await Pioneer Natural Resources (NYSE:PXD) to report earnings on February, 8. They expect $0.39 EPS, up 316.67% or $0.57 from last year’s $-0.18 per share. PXD’s profit will be $65.72M for 117.97 P/E if the $0.39 EPS becomes a reality. After $0.13 actual EPS reported by Pioneer Natural Resources for the previous quarter, Wall Street now forecasts 200.00% EPS growth.

More notable recent Pioneer Natural Resources (NYSE:PXD) news were published by: Seekingalpha.com which released: “Pioneer Natural Resources: Then Vs. Now” on January 09, 2017, also Realmoney.Thestreet.com with their article: “Pioneer Natural Resources Is Sending Us Mixed Signals” published on January 03, 2017, Worldoil.com published: “Pioneer Natural Resources sees oil at $70 in 2018” on December 15, 2016. More interesting news about Pioneer Natural Resources (NYSE:PXD) were released by: Zacks.com and their article: “Pioneer Natural and City of Midland Ink Historic Agreement” published on December 19, 2016 as well as Zacks.com‘s news article titled: “Pioneer Natural Resources (PXD): Strong Industry, Solid Earnings Estimate …” with publication date: December 15, 2016.

According to Zacks Investment Research, “Pioneer Natural Resources is an oil and gas exploration and production company with ownership interests in oil and gas properties located in the United States, Argentina, Canada, South Africa and Gabon. The company provides administrative, financial and management support to United States and foreign subsidiaries that explore for, develop and produce oil, natural gas liquid and natural gas reserves.”

Pioneer Natural Resources (NYSE:PXD) Ratings Coverage

Out of 25 analysts covering Pioneer Natural Resources (NYSE:PXD), 22 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 88% are positive. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, October 10 by Wunderlich. The rating was maintained by Citigroup on Thursday, April 7 with “Buy”. The firm earned “Buy” rating on Monday, August 29 by Williams Capital Group. BMO Capital Markets upgraded the shares of PXD in a report on Tuesday, January 12 to “Outperform” rating. The stock of Pioneer Natural Resources (NYSE:PXD) has “Accumulate” rating given on Monday, March 21 by KLR Group. Raymond James upgraded Pioneer Natural Resources (NYSE:PXD) on Tuesday, December 1 to “Strong Buy” rating. RBC Capital Markets reinitiated the stock with “Outperform” rating in Friday, March 18 report. As per Wednesday, November 4, the company rating was maintained by RBC Capital Markets. Barclays Capital maintained Pioneer Natural Resources (NYSE:PXD) on Tuesday, March 15 with “Equal-Weight” rating. The rating was maintained by Topeka Capital Markets with “Buy” on Thursday, February 11.

PXD Company Profile

Pioneer Natural Resources Company, incorporated on April 2, 1997, is an independent gas and oil exploration and production firm with activities in the United States. The Firm operates through the gas and oil development, exploration and production segment. The Firm focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties. The Company’s properties include Spraberry/Wolfcamp oil field located in West Texas; the Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle, and the Edwards gas field located in South Texas. The Company’s activities include well stimulation and completion activities, such as hydraulic fracturing, and water distribution and disposal activities. The Firm owns interests in over seven gas processing plants and approximately eight treating facilities.

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