Pioneer Natural Resources Company (PXD) Shares Bought by Bank of The West

Paterniano Del Favero
Luglio 24, 2017

Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company's stock worth $107,000 after buying an additional 36 shares in the last quarter. Gulf International Bank UK Ltd's holdings in Pioneer Natural Resources were worth $8,471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. boosted its stake in Canadian Natural Resources Limited by 23.4% in the second quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company's stock worth $103,000 after buying an additional 281 shares in the last quarter. Independence Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the second quarter valued at approximately $822,000. Viking Fund Management LLC now owns 121,000 shares of the oil and gas development company's stock worth $19,309,000 after buying an additional 16,000 shares during the period. Kelly now forecasts that the oil and gas development company will post earnings of $0.12 per share for the quarter, up from their prior forecast of $0.03. Prospera Financial Services Inc boosted its stake in shares of Pioneer Natural Resources by 0.4% in the second quarter. Marathon Asset Management LLP now owns 3,767,196 shares of the oil and gas producer's stock worth $109,301,000 after buying an additional 330,717 shares during the last quarter. World Asset Management Inc increased its position in Canadian Natural Resources Limited by 1.6% in the first quarter. This represents a $0.81 annualized dividend and a yield of 2.75%.

Canadian Natural Resources Limited (NYSE CNQ) traded down 2.17% during midday trading on Thursday, reaching $29.70. For the next year, analysts expect that the firm will post earnings of $0.96 per share, with EPS estimates ranging from $0.20 to $1.80. The stock has a 50-day moving average of $37.87 and a 200 day moving average of $40.76. The stock's market cap is $27.25 billion. Canadian Natural Resources Limited has a 12 month low of $27.52 and a 12 month high of $35.28.

Pioneer Natural Resources Company (NYSE:PXD) last released its earnings results on Wednesday, May 3rd. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.10 billion. Pioneer Natural Resources Company had a negative net margin of 7.20% and a positive return on equity of 1.08%. Pioneer Natural Resources's revenue was up 114.3% compared to the same quarter previous year. During the same period a year ago, the business earned ($0.64) earnings per share. Eleven analysts have issued estimates for Pioneer Natural Resources Company's earnings, with the highest sales estimate coming in at $1.35 billion and the lowest estimate coming in at $814.30 million.

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Several equities analysts have recently commented on CNQ shares. Royal Bank Of Canada reaffirmed a top pick rating and set a C$60.00 price objective on shares of Canadian Natural Resources Limited in a report on Friday, April 21st. Zacks' sales averages are an average based on a survey of sell-side research analysts that cover Pioneer Natural Resources Company. Scotiabank set a $245.00 target price on Pioneer Natural Resources and gave the company a "buy" rating in a research report on Monday, March 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. The company has a consensus rating of "Buy" and a consensus price target of C$50.75.

Today, Canadian Natural Resources Limited (NYSE:CNQ) stock was downgraded by Citigroup Inc. from Buy to Neutral with a price target of $33.00. The stock was bought at an average cost of $42.05 per share, for a total transaction of $1,532,806.60. Following the sale, the executive vice president now directly owns 45,110 shares of the company's stock, valued at approximately $7,839,666.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

On 3/2/2017 Canadian Natural Resources Limited announced a quarterly dividend of $0.21 2.47% with an ex dividend date of 3/15/2017 which will be payable on 4/1/2017. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

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