Pioneer Natural Resources Can Burn Your Long Portfolio. Option Traders Are Bearish

 Pioneer Natural Resources Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Pioneer Natural Resources (PXD) recorded an unusually high (179) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious PXD decrease. With 179 contracts traded and 9494 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: PXD170120P00155000 closed last at: $5 or 31.6% up. About 847,975 shares traded hands. Pioneer Natural Resources (NYSE:PXD) has risen 25.09% since April 4, 2016 and is uptrending. It has outperformed by 24.00% the S&P500.

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. $218 is the highest target while $96 is the lowest. The $178.24 average target is 3.82% above today’s ($171.69) stock price. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, August 2 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock of Pioneer Natural Resources (NYSE:PXD) earned “Underperform” rating by CLSA on Monday, August 10. The company was maintained on Tuesday, April 26 by iBERIA Capital Partners. The stock of Pioneer Natural Resources (NYSE:PXD) earned “Outperform” rating by BMO Capital Markets on Tuesday, January 12. On Friday, March 18 the stock rating was reinitiated by RBC Capital Markets with “Outperform”. The firm has “Outperform” rating given on Wednesday, November 4 by RBC Capital Markets. UBS maintained the stock with “Buy” rating in Wednesday, August 5 report. The rating was initiated by JP Morgan with “Overweight” on Wednesday, December 9. The rating was maintained by Wunderlich on Friday, February 12 with “Buy”. The firm has “Buy” rating by Citigroup given on Thursday, January 7.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.63 in Q2 2016. Its down 0.42, from 2.05 in 2016Q1. The ratio worsened, as 45 funds sold all Pioneer Natural Resources shares owned while 167 reduced positions. 113 funds bought stakes while 232 increased positions. They now own 156.03 million shares or 0.47% less from 156.77 million shares in 2016Q1.
Cibc World Markets Inc reported 16,564 shares or 0.01% of all its holdings. Glaxis Limited Com holds 35.96% or 15,000 shares in its portfolio. Ubs Oconnor Limited Liability Corp holds 18,000 shares or 0% of its portfolio. Td Asset Mngmt owns 83,891 shares or 0.02% of their US portfolio. Financial Bank Of Hawaii last reported 1,750 shares in the company. Birchview Capital Limited Partnership owns 3,000 shares or 0.33% of their US portfolio. The Ontario – Canada-based Scotia Capital has invested 0.02% in Pioneer Natural Resources (NYSE:PXD). Dg Capital reported 6,775 shares or 1.09% of all its holdings. Cambrian Cap Ltd Partnership holds 29,124 shares or 2.62% of its portfolio. Cim Invest Mangement Incorporated holds 0.32% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 5,145 shares. Miller Howard Invests Ny holds 30,305 shares or 0.08% of its portfolio. National Bank & Trust Of Stockton last reported 0.18% of its portfolio in the stock. The Nebraska-based Ameritas Investment Prns Inc has invested 0.03% in Pioneer Natural Resources (NYSE:PXD). The Minnesota-based Thrivent Financial For Lutherans has invested 0% in Pioneer Natural Resources (NYSE:PXD). Fmr Ltd Com last reported 0.12% of its portfolio in the stock.

Insider Transactions: Since June 28, 2016, the stock had 0 insider buys, and 13 sales for $19.93 million net activity. RISCH FRANK A had sold 500 shares worth $92,540 on Thursday, September 29. BUCHANAN EDISON C had sold 3,000 shares worth $525,000 on Friday, August 12. 2,000 shares with value of $348,640 were sold by BERG MARK STEPHEN on Friday, August 12. $3.51 million worth of shares were sold by SHEFFIELD SCOTT D on Friday, August 12. 13,254 shares with value of $2.02 million were sold by DOVE TIMOTHY L on Wednesday, June 29. 1,600 shares were sold by Hall Jerome D JR, worth $239,840 on Tuesday, June 28. THOMPSON J KENNETH sold $128,633 worth of stock or 750 shares.

Pioneer Natural Resources Company is an independent gas and oil exploration and production firm with activities in the United States. The company has a market cap of $27.86 billion. The Firm operates through the gas and oil development, exploration and production segment. It currently has negative earnings. The Firm focuses on production of oil, natural gas liquid and gas through development drilling, production enhancement activities and acquisitions of producing properties.

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.

More notable recent Pioneer Natural Resources (NYSE:PXD) news were published by: Seekingalpha.com which released: “Pioneer Natural Resources: Can You Compound Growth?” on November 04, 2016, also Seekingalpha.com with their article: “Pioneer Natural Resources (PXD) Q3 2016 Results – Earnings Call Transcript” published on November 02, 2016, Finance.Yahoo.com published: “Pioneer Natural Resources posts 3Q profit” on November 01, 2016. More interesting news about Pioneer Natural Resources (NYSE:PXD) were released by: Nasdaq.com and their article: “Pioneer Natural Resources (PXD) Beats All the Other Oil Stocks … For Now” published on October 21, 2016 as well as Benzinga.com‘s news article titled: “Pioneer Natural Resources Could Employ More Rigs” with publication date: October 10, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment