Economy

Investors Buy Pioneer Natural Resources Company (PXD) on Weakness After Insider Selling

The average 1-year price target for (PXD) reveals an average price target of $187.68 per share. Janney Montgomery Scott Ltd Liability holds 0.03% or 15,155 shares. WGL Holdings Inc (WGL) has $4.39B valuation. Insiders own 0.89% of the company's stock. It is down 28.20% since November 9, 2016 and is uptrending. It has underperformed by 25.18% the S&P500. Of the analysts surveyed by Reuters that track Pioneer Natural Resources Company 5 of them rate its stock a hold. As of this writing, Pioneer Natural Resources Company's RSI stands at 68.37. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time.

Chapter Iv Investors Llc holds 16.69% of its portfolio in Pioneer Natural Resources for 220,000 shares. Wunderlich maintained it with "Buy" rating and $127 target in Friday, February 12 report.

News articles about Pioneer Natural Resources (NYSE:PXD) have trended somewhat positive recently, according to Accern Sentiment Analysis. Mizuho reissued a "buy" rating and issued a $196.00 price target on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Capital One Financial Corporation reaffirmed an "overweight" rating on shares of Pioneer Natural Resources in a research note on Wednesday, August 2nd. RBC Capital Markets has "Outperform" rating and $154 target. Stifel Nicolaus set a $236.00 price objective on Pioneer Natural Resources and gave the company a "buy" rating in a research note on Tuesday, August 8th.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, November 1st. There are brokerage firms with lower targets than the average, including one setting a price target of $69.

Seizert Capital Partners Llc increased Qualcomm Inc Com (NASDAQ:QCOM) stake by 17,793 shares to 719,683 valued at $39.74 million in 2017Q2. Spo Advisory Corp owns 3.64 million shares or 11.41% of their U.S. portfolio. Microsoft Corp (NASDAQ:MSFT) was reduced too.

Investors sentiment decreased to 0.88 in 2017 Q2. Its up 0.20, from 1.13 in 2017Q1. The institutional investor owned 563,566 shares of the oil and gas development company's stock after buying an additional 82,962 shares during the period. 27 funds opened positions while 89 raised stakes. Cardinal Cap Mngmt accumulated 0.12% or 4,286 shares. Diamond Hill Capital Mngmt Incorporated has invested 0% in WGL Holdings Inc (NYSE:WGL). (NYSE:VZ). Ontario Teachers Pension Plan Board has invested 0.17% of its portfolio in Verizon Communications Inc. 152.94 million shares or 0.31% less from 153.42 million shares in 2017Q1 were reported. It has a 36-month beta of 0.97, so you might not be in for a bumpy ride. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at $1,970,445.72. (NYSE:VZ). Nelson Roberts Invest Advsr Ltd Com invested in 1.53% or 101,105 shares. Davis R M reported 35,709 shares.

At the session level, shares of Autodesk, Inc. Vantage Investment Ltd has 0.03% invested in WGL Holdings Inc (NYSE:WGL).

Among 26 analysts covering Verizon Communications Inc. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company's stock. Therefore 23% are positive. The firm earned "Hold" rating on Thursday, April 7 by Jefferies. CLSA upgraded the stock to "Underperform" rating in Monday, August 10 report. The stock of Verizon Communications Inc. Year-to-date, the stock has performed -11.38%. The stock has "Buy" rating by Stifel Nicolaus on Thursday, April 13. Pioneer Natural Resources's dividend payout ratio (DPR) is 11.11%. Clearbridge Limited invested in 452,615 shares or 1.53% of the stock. Frontier Investment Mgmt Co, a Texas-based fund reported 575,435 shares. Columbus Circle Investors boosted its stake in shares of Pioneer Natural Resources by 689.7% in the second quarter. This number is based on a scale from 1 to 5. The Firm explores for, develops and produces oil, natural gas liquids and gas within the United States, with 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. California Public Employees Retirement Sys reported 340,909 shares. Carlson Capital Lp reported 276,107 shares. Institute For Wealth Management Limited Liability has 0.09% invested in WGL Holdings Inc (NYSE:WGL) for 4,065 shares. 34,982 were reported by Utd Fincl Advisers.

About 578,296 shares traded.

Shares of DiamondRock Hospitality Company (NYSE:DRH) are on a recovery track as they have regained 28.56% since bottoming out on November 09, 2016. It has underperformed by 8.24% the S&P500.

Since May 12, 2017, it had 0 buys, and 1 sale for $999,119 activity. The legal version of this piece of content can be accessed at https://weekherald.com/2017/11/09/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-pioneer-natural-resources-pxd-share-price.html. DOVE TIMOTHY L also sold $566,180 worth of Pioneer Natural Resources (NYSE:PXD) shares.

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