Noble Energy (NBL) Holder Petroleum & Resources Trimmed Its Stake as Stock Price Declined; Pioneer Nat Res Co (PXD) Shares Declined While Key Group Holdings Cayman LTD Cut Its Stake by $58.11 Million

February 23, 2018 - By Peter Erickson

Petroleum & Resources Corp decreased its stake in Noble Energy Inc. (NBL) by 15.39% based on its latest 2017Q3 regulatory filing with the SEC. Petroleum & Resources Corp sold 55,500 shares as the company’s stock declined 15.68% while stock markets rallied. The institutional investor held 305,100 shares of the oil & gas production company at the end of 2017Q3, valued at $8.65 million, down from 360,600 at the end of the previous reported quarter. Petroleum & Resources Corp who had been investing in Noble Energy Inc. for a number of months, seems to be less bullish one the $14.81 billion market cap company. The stock increased 3.20% or $0.94 during the last trading session, reaching $30.33. About 2.82M shares traded. Noble Energy, Inc. (NYSE:NBL) has declined 10.36% since February 23, 2017 and is downtrending. It has underperformed by 27.06% the S&P500.

Key Group Holdings Cayman Ltd decreased its stake in Pioneer Nat Res Co (PXD) by 94.12% based on its latest 2017Q3 regulatory filing with the SEC. Key Group Holdings Cayman Ltd sold 395,300 shares as the company’s stock declined 8.01% while stock markets rallied. The hedge fund held 24,700 shares of the oil & gas production company at the end of 2017Q3, valued at $3.64 million, down from 420,000 at the end of the previous reported quarter. Key Group Holdings Cayman Ltd who had been investing in Pioneer Nat Res Co for a number of months, seems to be less bullish one the $30.47B market cap company. The stock increased 0.86% or $1.52 during the last trading session, reaching $178.93. About 641,016 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 8.46% since February 23, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

Since December 11, 2017, it had 1 insider purchase, and 3 sales for $5.33 million activity. The insider STOVER DAVID L bought $499,835. 200,000 shares valued at $5.40M were sold by EDELMAN THOMAS J on Monday, December 11.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.29, from 1.31 in 2017Q2. It dived, as 49 investors sold NBL shares while 150 reduced holdings. 43 funds opened positions while 159 raised stakes. 448.27 million shares or 2.45% more from 437.54 million shares in 2017Q2 were reported. Winfield Associates has invested 0.01% in Noble Energy, Inc. (NYSE:NBL). Moreover, Mitsubishi Ufj Tru & Banking has 0.05% invested in Noble Energy, Inc. (NYSE:NBL). Mai Capital has invested 0.04% in Noble Energy, Inc. (NYSE:NBL). Amica Mutual Ins Communications stated it has 23,073 shares or 0.06% of all its holdings. Sei Communications stated it has 1.45M shares. Fukoku Mutual Life Insurance reported 0.01% in Noble Energy, Inc. (NYSE:NBL). Employees Retirement Systems Of Texas has invested 0.01% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Landscape Cap Management Ltd Liability holds 10,841 shares or 0.03% of its portfolio. Hite Hedge Asset Ltd Liability Corporation accumulated 20,645 shares. 14,964 are owned by Lpl Limited Co. Carmignac Gestion accumulated 12.63 million shares or 2.75% of the stock. Dimensional Fund Advisors LP has 4.06 million shares. Ngam Advsr Lp owns 134,905 shares or 0.04% of their US portfolio. Commonwealth Equity Svcs reported 0% in Noble Energy, Inc. (NYSE:NBL). Moreover, Wolverine Asset Mngmt Ltd has 0.03% invested in Noble Energy, Inc. (NYSE:NBL) for 107,646 shares.

Among 31 analysts covering Noble Energy Inc. (NYSE:NBL), 24 have Buy rating, 0 Sell and 7 Hold. Therefore 77% are positive. Noble Energy Inc. had 107 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by PiperJaffray with “Overweight” on Monday, September 18. The firm has “Buy” rating given on Wednesday, September 27 by Cowen & Co. The firm has “Buy” rating given on Wednesday, January 18 by Mizuho. Cowen & Co maintained Noble Energy, Inc. (NYSE:NBL) on Friday, December 8 with “Buy” rating. The stock of Noble Energy, Inc. (NYSE:NBL) has “Outperform” rating given on Tuesday, November 17 by RBC Capital Markets. Jefferies maintained it with “Buy” rating and $32.0 target in Tuesday, August 29 report. The firm earned “Overweight” rating on Thursday, November 16 by Barclays Capital. Jefferies maintained the stock with “Buy” rating in Tuesday, January 30 report. Seaport Global upgraded the shares of NBL in report on Tuesday, December 19 to “Buy” rating. The rating was maintained by RBC Capital Markets on Wednesday, December 20 with “Buy”.

Key Group Holdings Cayman Ltd, which manages about $1.99B and $919.48 million US Long portfolio, upped its stake in Hess Corp (NYSE:HES) by 375,081 shares to 1.38 million shares, valued at $64.48 million in 2017Q3, according to the filing. It also increased its holding in Wpx Energy Inc (NYSE:WPX) by 886,107 shares in the quarter, for a total of 5.34 million shares, and has risen its stake in Parsley Energy Inc (NYSE:PE).

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.07, from 1.1 in 2017Q2. It is negative, 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. Wells Fargo And Mn holds 0.03% or 650,349 shares. Gardner Lewis Asset Mngmt Limited Partnership holds 0.34% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD) for 36,371 shares. Comml Bank Of Montreal Can has 0.02% invested in Pioneer Natural Resources Company (NYSE:PXD). Arizona State Retirement Sys invested in 0.1% or 54,111 shares. Argent holds 2,350 shares or 0.1% of its portfolio. 3,380 are held by Pacific Global Invest Communications. Goldman Sachs Group Inc Inc Inc has invested 0.03% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Paradigm Asset Mngmt Ltd Liability Company has invested 0.78% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Bb&T holds 0.03% or 11,475 shares in its portfolio. Apg Asset Management Nv has 64,320 shares. Solaris Asset Management Ltd Com has invested 0.01% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Ci Invests Inc invested in 471,411 shares. Lucas Cap Mgmt invested 0.91% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Guardian Life Ins Of America stated it has 0.01% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Atlantic Trust Grp Lc reported 0.33% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD).

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 stock of Pioneer Natural Resources Company (NYSE:PXD) has “Outperform” rating given on Friday, January 27 by RBC Capital Markets. RBC Capital Markets reinitiated the shares of PXD in report on Friday, March 18 with “Outperform” rating. RBC Capital Markets maintained the shares of PXD in report on Wednesday, January 6 with “Outperform” rating. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Sunday, August 13 by Piper Jaffray. Wunderlich maintained the stock with “Buy” rating in Tuesday, January 12 report. On Wednesday, August 2 the stock rating was downgraded by Wells Fargo to “Market Perform”. The rating was upgraded by Raymond James to “Strong Buy” on Tuesday, December 1. Citigroup maintained Pioneer Natural Resources Company (NYSE:PXD) on Friday, July 21 with “Buy” rating. The company was maintained on Tuesday, November 21 by Mizuho. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, September 7 report.

Since September 11, 2017, it had 0 insider buys, and 5 sales for $941,910 activity. DOVE TIMOTHY L sold $159,505 worth of stock. 2,000 Pioneer Natural Resources Company (NYSE:PXD) shares with value of $320,000 were sold by Hopkins Frank E. $315,700 worth of Pioneer Natural Resources Company (NYSE:PXD) was sold by BERG MARK STEPHEN on Thursday, December 14. Grillot Larry R. had sold 200 shares worth $31,870.

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on May, 2. They expect $1.27 EPS, up 408.00% or $1.02 from last year’s $0.25 per share. PXD’s profit will be $216.28M for 35.22 P/E if the $1.27 EPS becomes a reality. After $1.22 actual EPS reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts 4.10% EPS growth.

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By1 Peter Erickson

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