As At&T (T) Shares Declined, Ashfield Capital Partners Decreased Its Stake; Pioneer Nat Res Co (PXD) Holder Highfields Capital Management LP Has Trimmed Holding as Market Valuation Rose

April 26, 2018 - By Pete Kolinski

AT&T Inc. (NYSE:T) Logo

Ashfield Capital Partners Llc decreased its stake in At&T Inc (T) by 6.29% based on its latest 2017Q4 regulatory filing with the SEC. Ashfield Capital Partners Llc sold 8,272 shares as the company’s stock declined 10.37% with the market. The institutional investor held 123,245 shares of the telecommunications equipment company at the end of 2017Q4, valued at $4.79M, down from 131,517 at the end of the previous reported quarter. Ashfield Capital Partners Llc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $228.63 billion market cap company. The stock increased 0.57% or $0.2 during the last trading session, reaching $35.2. About 25.29 million shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since April 26, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Jonathon Jacobson decreased its stake in Pioneer Nat Res Co (PXD) by 3.23% based on its latest 2017Q4 regulatory filing with the SEC. Highfields Capital Management Lp sold 90,000 shares as the company’s stock rose 0.37% while stock markets declined. The hedge fund run by Jonathon Jacobson held 2.69M shares of the oil & gas production company at the end of 2017Q4, valued at $465.74M, down from 2.78 million at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Pioneer Nat Res Co for a number of months, seems to be less bullish one the $33.92 billion market cap company. The stock increased 1.45% or $2.84 during the last trading session, reaching $198.9. About 1.04 million shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since April 26, 2017 and is downtrending. It has underperformed by 16.34% the S&P500.

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.16, from 1.03 in 2017Q3. It dived, as 66 investors sold PXD shares while 230 reduced holdings. 89 funds opened positions while 168 raised stakes. 148.22 million shares or 2.39% less from 151.85 million shares in 2017Q3 were reported. Toronto Dominion Financial Bank accumulated 0.04% or 76,383 shares. Everence Inc holds 4,290 shares or 0.16% of its portfolio. Folger Nolan Fleming Douglas Cap Mngmt holds 0.04% or 1,600 shares in its portfolio. Glob Endowment Mngmt Ltd Partnership reported 1,740 shares. State Street accumulated 8.91M shares or 0.12% of the stock. Capital World Investors holds 0.35% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD) for 9.29M shares. State Of Wisconsin Board owns 181,057 shares or 0.09% of their US portfolio. Td Asset Incorporated owns 76,691 shares for 0.02% of their portfolio. Eulav Asset Mngmt reported 0.34% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Moneta Invest Ltd Liability Com has invested 0% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Factory Mutual Ins accumulated 254,600 shares. Suntrust Banks has invested 0% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Sun Life Financial owns 371 shares. Shell Asset Management owns 26,553 shares for 0.09% of their portfolio. South Dakota Investment Council reported 9,400 shares stake.

Highfields Capital Management Lp, which manages about $22.71 billion and $12.03 billion US Long portfolio, upped its stake in Shire Plc (NASDAQ:SHPG) by 607,500 shares to 795,000 shares, valued at $123.32M in 2017Q4, according to the filing. It also increased its holding in Hca Healthcare Inc (NYSE:HCA) by 1.30 million shares in the quarter, for a total of 5.18M shares, and has risen its stake in Tesla Inc (NASDAQ:TSLA).

Among 42 analysts covering Pioneer Natural Resources (NYSE:PXD), 37 have Buy rating, 1 Sell and 4 Hold. Therefore 88% are positive. Pioneer Natural Resources had 166 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein maintained Pioneer Natural Resources Company (NYSE:PXD) rating on Friday, November 3. Bernstein has “Outperform” rating and $187 target. BMO Capital Markets maintained Pioneer Natural Resources Company (NYSE:PXD) on Thursday, January 11 with “Buy” rating. As per Friday, March 31, the company rating was downgraded by Seaport Global. The company was initiated on Wednesday, August 17 by Bernstein. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Monday, July 18 by KLR Group. On Tuesday, March 21 the stock rating was upgraded by Mizuho to “Buy”. Mitsubishi UFJ upgraded the shares of PXD in report on Tuesday, February 14 to “Overweight” rating. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Monday, January 29 by Stifel Nicolaus. The rating was maintained by Citigroup on Monday, September 14 with “Neutral”. BMO Capital Markets maintained it with “Buy” rating and $26000 target in Wednesday, April 11 report.

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on May, 2 after the close. They expect $1.47 earnings per share, up 488.00% or $1.22 from last year’s $0.25 per share. PXD’s profit will be $250.68 million for 33.83 P/E if the $1.47 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 20.49% EPS growth.

Since December 11, 2017, it had 0 insider purchases, and 10 insider sales for $3.90 million activity. Shares for $31,870 were sold by Grillot Larry R. on Monday, December 11. On Monday, December 18 the insider Hopkins Frank E sold $320,000. Another trade for 1,100 shares valued at $195,624 was sold by Stewart Stephanie D. DOVE TIMOTHY L sold $159,505 worth of stock or 1,000 shares. 1,150 Pioneer Natural Resources Company (NYSE:PXD) shares with value of $207,196 were sold by KLEINMAN MARK H. 9,513 Pioneer Natural Resources Company (NYSE:PXD) shares with value of $1.67 million were sold by CHEATWOOD CHRIS J.

Among 31 analysts covering AT&T Inc. (NYSE:T), 12 have Buy rating, 1 Sell and 18 Hold. Therefore 39% are positive. AT&T Inc. had 79 analyst reports since July 27, 2015 according to SRatingsIntel. As per Monday, July 27, the company rating was reinitiated by Goldman Sachs. Deutsche Bank downgraded the shares of T in report on Wednesday, January 11 to “Hold” rating. The stock of AT&T Inc. (NYSE:T) earned “Overweight” rating by Barclays Capital on Monday, April 18. The rating was maintained by SunTrust with “Hold” on Thursday, February 1. The stock of AT&T Inc. (NYSE:T) earned “Outperform” rating by Cowen & Co on Wednesday, April 27. As per Monday, October 24, the company rating was downgraded by Drexel Hamilton. The firm has “Buy” rating by DA Davidson given on Monday, March 7. Barclays Capital maintained AT&T Inc. (NYSE:T) rating on Friday, April 13. Barclays Capital has “Equal-Weight” rating and $40 target. Barclays Capital maintained AT&T Inc. (NYSE:T) rating on Friday, July 14. Barclays Capital has “Equal Weight” rating and $39 target. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Monday, November 14 by Deutsche Bank.

Pioneer Natural Resources Company (NYSE:PXD) Institutional Positions Chart

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