Huntington National Bank Has Lowered Its Pioneer Natural Resource (PXD) Stake by $3.34 Million

February 24, 2018 - By Michael Pereira

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.07, from 1.1 in 2017Q2. It dived, as 78 investors sold PXD shares while 197 reduced holdings. 73 funds opened positions while 209 raised stakes. 151.85 million shares or 0.71% less from 152.94 million shares in 2017Q2 were reported. Asset Mgmt One Ltd owns 286,345 shares or 0.1% of their US portfolio. Ontario – Canada-based Sun Life has invested 0.02% in Pioneer Natural Resources Company (NYSE:PXD). Factory Mutual Com reported 224,600 shares. Cibc State Bank Usa accumulated 0.03% or 1,375 shares. Waddell Reed owns 0.31% invested in Pioneer Natural Resources Company (NYSE:PXD) for 949,140 shares. State Treasurer State Of Michigan stated it has 51,602 shares or 0.06% of all its holdings. Pub Employees Retirement Association Of Colorado owns 31,619 shares. 2,089 were accumulated by Lombard Odier Asset Mgmt (Europe) Limited. Plante Moran Fincl holds 0% or 32 shares. Everence Capital invested 0.16% in Pioneer Natural Resources Company (NYSE:PXD). The California-based Whittier Trust Communications has invested 0% in Pioneer Natural Resources Company (NYSE:PXD). Atria Invests Limited Com holds 0.01% or 1,447 shares. 752 are held by Mckinley Cap Mngmt Ltd Llc Delaware. Bank & Trust Of Hawaii reported 0.05% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Sumitomo Life Ins reported 9,647 shares.

Since September 11, 2017, it had 0 insider buys, and 5 sales for $941,910 activity. 880 shares valued at $114,835 were sold by Fairbrook Teresa A on Monday, September 11. On Monday, December 18 the insider Hopkins Frank E sold $320,000. On Thursday, December 14 BERG MARK STEPHEN sold $315,700 worth of Pioneer Natural Resources Company (NYSE:PXD) or 2,000 shares. The insider DOVE TIMOTHY L sold $159,505.

Huntington National Bank decreased its stake in Pioneer Natural Resource (PXD) by 41% based on its latest 2017Q3 regulatory filing with the SEC. Huntington National Bank sold 22,707 shares as the company’s stock declined 8.01% while stock markets rallied. The institutional investor held 32,681 shares of the oil & gas production company at the end of 2017Q3, valued at $4.82 million, down from 55,388 at the end of the previous reported quarter. Huntington National Bank who had been investing in Pioneer Natural Resource for a number of months, seems to be less bullish one the $30.65B market cap company. The stock increased 1.46% or $2.59 during the last trading session, reaching $180. About 1.40 million shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 8.46% since February 24, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

Huntington National Bank, which manages about $5.93B US Long portfolio, upped its stake in Vanguard (Prn) (VT) by 67,867 shares to 348,861 shares, valued at $24.67 million in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc by 3,695 shares in the quarter, for a total of 56,598 shares, and has risen its stake in Mccormick & Co Inc (NYSE:MKC).

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on May, 2. They expect $1.27 earnings per share, up 408.00 % or $1.02 from last year’s $0.25 per share. PXD’s profit will be $216.28M for 35.43 P/E if the $1.27 EPS becomes a reality. After $1.22 actual earnings per share reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts 4.10 % EPS growth.

More notable recent Pioneer Natural Resources Company (NYSE:PXD) news were published by: Nasdaq.com which released: “Pioneer Natural Resources, Mattel, Wells Fargo and Berkshire Hathaway …” on February 15, 2018, also Streetinsider.com with their article: “Pioneer Natural Resources (PXD) to Divest South Texas, Raton and West …” published on February 06, 2018, Nasdaq.com published: “First Week of April 20th Options Trading For Pioneer Natural Resources (PXD)” on February 23, 2018. More interesting news about Pioneer Natural Resources Company (NYSE:PXD) were released by: Fool.com and their article: “Pioneer Natural Resources Obliterates Expectations” published on February 07, 2018 as well as Fool.com‘s news article titled: “3 Things to Watch When Pioneer Natural Resources Reports Fourth-Quarter Results” with publication date: February 05, 2018.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 40 analysts covering Pioneer Natural Resources (NYSE:PXD), 35 have Buy rating, 1 Sell and 4 Hold. Therefore 88% are positive. Pioneer Natural Resources had 150 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Seaport Global to “Buy” on Tuesday, December 19. RBC Capital Markets maintained the shares of PXD in report on Thursday, July 20 with “Buy” rating. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, January 11 report. The rating was upgraded by Societe Generale to “Hold” on Wednesday, November 4. On Monday, September 18 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock of Pioneer Natural Resources Company (NYSE:PXD) earned “Buy” rating by Piper Jaffray on Sunday, August 13. The firm has “Market Perform” rating given on Wednesday, August 2 by Wells Fargo. On Friday, September 15 the stock rating was maintained by Cowen & Co with “Buy”. The company was maintained on Friday, January 27 by RBC Capital Markets. Drexel Hamilton initiated the shares of PXD in report on Tuesday, April 5 with “Buy” rating.

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