It Seems Pioneer Natural Resources Will Go Down. Had Bearish Options Activity

 It Seems Pioneer Natural Resources Will Go Down. Had Bearish Options Activity

In today’s session Pioneer Natural Resources (PXD) recorded an unusually high (461) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious PXD decrease. With 461 contracts traded and 1414 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: PXD161118P00167500 closed last at: $0.9 or 52.6% down. About 119,446 shares traded hands. Pioneer Natural Resources (NYSE:PXD) has risen 19.42% since April 14, 2016 and is uptrending. It has outperformed by 14.74% 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. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by UBS on Tuesday, April 26. Barclays Capital upgraded the shares of PXD in a report on Tuesday, August 2 to “Overweight” rating. The rating was upgraded by KLR Group on Monday, July 18 to “Buy”. UBS maintained the stock with “Buy” rating in Wednesday, August 5 report. On Thursday, October 6 the stock rating was initiated by Mizuho with “Neutral”. Barclays Capital maintained Pioneer Natural Resources (NYSE:PXD) rating on Thursday, September 1. Barclays Capital has “Overweight” rating and $190 price target. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 4. The firm earned “Buy” rating on Monday, October 10 by Wunderlich. On Thursday, January 7 the stock rating was upgraded by Deutsche Bank to “Buy”. The company was upgraded on Monday, January 11 by Barclays Capital.

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 is negative, 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.
Peregrine Asset Advisers accumulated 4.5% or 44,834 shares. Community Trust & Inv last reported 21,777 shares in the company. Spot Trading Ltd Llc accumulated 51,063 shares or 0.13% of the stock. Bluemountain Capital Management Lc has 1,450 shares for 0.01% of their US portfolio. Public Sector Pension Inv Board owns 30,978 shares or 0.05% of their US portfolio. Raymond James Svcs Advsrs owns 17,812 shares or 0.03% of their US portfolio. Gulf Bank & Trust (Uk) Ltd has invested 0.13% of its portfolio in Pioneer Natural Resources (NYSE:PXD). Ftb Advsr Inc last reported 2,984 shares in the company. Oakworth last reported 0.01% of its portfolio in the stock. Commonwealth Retail Bank Of Aus accumulated 0% or 640 shares. Amarillo Savings Bank has invested 0.17% of its portfolio in Pioneer Natural Resources (NYSE:PXD). Loudon Mngmt Limited owns 3,892 shares or 0.47% of their US portfolio. Mutual Of America Mgmt Llc last reported 0.07% of its portfolio in the stock. Salem Inv Counselors last reported 3,956 shares in the company. The Illinois-based Balyasny Asset Mgmt Ltd has invested 0.2% in Pioneer Natural Resources (NYSE:PXD).

Insider Transactions: Since June 28, 2016, the stock had 0 insider buys, and 13 sales for $19.93 million net activity. The insider BERG MARK STEPHEN sold $343,065. THOMPSON J KENNETH sold 750 shares worth $128,633. Hall Jerome D JR sold 1,000 shares worth $183,240. DOVE TIMOTHY L sold $10.11M worth of stock. $262,731 worth of Pioneer Natural Resources (NYSE:PXD) was sold by KLEINMAN MARK H. 3,000 Pioneer Natural Resources (NYSE:PXD) shares with value of $525,000 were sold by BUCHANAN EDISON C. SHEFFIELD SCOTT D also sold $3.51M worth of Pioneer Natural Resources (NYSE:PXD) 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 $31.28 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 important recent Pioneer Natural Resources (NYSE:PXD) news were published by: Realmoney.Thestreet.com which released: “Pioneer Natural Resources Enjoys Positive Charts” on November 08, 2016, also Seekingalpha.com published article titled: “Pioneer Natural Resources: Can You Compound Growth?”, Nasdaq.com published: “The Zacks Analyst Blog Highlights: Merck, DISH Network, Pioneer Natural …” on November 11, 2016. More interesting news about Pioneer Natural Resources (NYSE:PXD) was released by: Seekingalpha.com and their article: “Pioneer Natural Resources (PXD) Q3 2016 Results – Earnings Call Transcript” with publication date: November 02, 2016.

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