Large Outflow of Money Witnessed in Pioneer Natural Resources Company

Pioneer Natural Resources Company (PXD) managed to eke out gains of 0.24% in intraday trade. The share price increased by 0.43 points to $180.66. Till last observation, the net money flow was recorded at a negative $(-17.31) million. The total inflow of $58.5 million in upticks was completely overshadowed by an outflow of $75.81 million in downticks, giving the up/down ratio a value of 0.77. The shares have seen a change of -0.44% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $2.19 million and the composite value in downticks was $16.24 million. The resultant up/down ratio for the block exchange was 0.14. The block trade had a negative money flow of $(-14.05) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Pioneer Natural Resources Company rose by 0.22% in the last five trading days and 0.33% for the last 4 weeks. Pioneer Natural Resources Company is up 0.92% in the last 3-month period. Year-to-Date the stock performance stands at 0.33%. Pioneer Natural Resources Company (NYSE:PXD) rose 0.24% or 0.43 points on Wednesday and made its way into the gainers of the day. After trading began at $181.46 the stock was seen hitting $181.78 as a peak level and $177.97 as the lowest level. The stock ended up at $180.66. The daily volume was measured at 1,480,538 shares. The 52-week high of the share price is $195 and the 52-week low is $105.22. The company has a market cap of $30,662 million.

Company has reported several Insider transactions to the SEC, on Dec 8, 2016, Timothy L Dove (President & COO) sold 3,000 shares at 185.08 per share price.On Nov 28, 2016, Scott D Sheffield (Chairman & CEO) sold 10,000 shares at 185.14 per share price.On Aug 22, 2016, Jerome D Jr Hall (EVP, Permian Operations) sold 1,000 shares at 183.24 per share price.

Pioneer Natural Resources Last issued its quarterly earnings results on Nov 1, 2016. The company reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $0.16. The company had revenue of $1186.00 million for the quarter, compared to analysts expectations of $947.62 million. The companys revenue was down -47.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by RBC Capital Mkts on Jan 27, 2017 to Outperform, Raises Price Target to $ 225 from a previous price target of $217 .Pioneer Natural Resources was Downgraded by Williams Capital Group on Jan 24, 2017 to Hold, Lowers Price Target to $ 206 from a previous price target of $226 .Pioneer Natural Resources was Upgraded by Societe Generale to Hold on Jan 11, 2017.

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.

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