As Pioneer Nat Res Co (PXD) Stock Rose, Ci Investments Decreased Its Position by $71.19 Million; As 3M Company (MMM) Shares Declined, Wendell David Associates Lowered by $300,800 Its Holding

May 22, 2018 - By Michael Collier

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Wendell David Associates Inc decreased its stake in 3M Company (MMM) by 10.23% based on its latest 2017Q4 regulatory filing with the SEC. Wendell David Associates Inc sold 1,280 shares as the company’s stock declined 8.03% with the market. The institutional investor held 11,233 shares of the medical and dental instruments company at the end of 2017Q4, valued at $2.64 million, down from 12,513 at the end of the previous reported quarter. Wendell David Associates Inc who had been investing in 3M Company for a number of months, seems to be less bullish one the $119.78 billion market cap company. The stock increased 1.41% or $2.8 during the last trading session, reaching $201.76. About 2.13M shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 22, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Ci Investments Inc decreased its stake in Pioneer Nat Res Co (PXD) by 87.8% based on its latest 2017Q4 regulatory filing with the SEC. Ci Investments Inc sold 413,911 shares as the company’s stock rose 0.37% while stock markets declined. The institutional investor held 57,500 shares of the oil & gas production company at the end of 2017Q4, valued at $9.94M, down from 471,411 at the end of the previous reported quarter. Ci Investments Inc who had been investing in Pioneer Nat Res Co for a number of months, seems to be less bullish one the $35.76B market cap company. The stock increased 0.10% or $0.2 during the last trading session, reaching $209.84. About 1.39 million shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since May 22, 2017 and is downtrending. It has underperformed by 16.34% the S&P500.

Since January 31, 2018, it had 0 buys, and 16 selling transactions for $30.99 million activity. Another trade for 1,681 shares valued at $419,846 was made by Gangestad Nicholas C on Thursday, February 1. Another trade for 6,243 shares valued at $1.54 million was sold by Vale Michael G.. $4.75M worth of 3M Company (NYSE:MMM) was sold by THULIN INGE G on Wednesday, January 31. $3.33 million worth of 3M Company (NYSE:MMM) shares were sold by Keel Paul A. 3,133 shares were sold by Little Frank R Jr., worth $742,051 on Friday, February 23. $2.00 million worth of 3M Company (NYSE:MMM) was sold by Shin Hak Cheol.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 EPS, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56B for 19.18 P/E if the $2.63 EPS becomes a reality. After $2.50 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, December 13 by Stifel Nicolaus. Credit Suisse maintained the stock with “Buy” rating in Friday, April 28 report. The firm has “Buy” rating given on Wednesday, March 30 by UBS. As per Wednesday, October 11, the company rating was maintained by RBC Capital Markets. Argus Research maintained it with “Buy” rating and $260 target in Wednesday, October 25 report. The stock of 3M Company (NYSE:MMM) has “Underperform” rating given on Wednesday, October 26 by RBC Capital Markets. RBC Capital Markets maintained the shares of MMM in report on Tuesday, July 25 with “Hold” rating. The rating was maintained by Morgan Stanley on Wednesday, July 26 with “Underweight”. Stifel Nicolaus maintained it with “Hold” rating and $225 target in Tuesday, April 3 report. On Tuesday, April 12 the stock rating was maintained by Jefferies with “Buy”.

Investors sentiment increased to 0.83 in Q4 2017. Its up 0.06, from 0.77 in 2017Q3. It improved, as 47 investors sold MMM shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. Balasa Dinverno Foltz Ltd Liability owns 0.15% invested in 3M Company (NYSE:MMM) for 4,374 shares. Farmers Comml Bank invested in 1.72% or 4,510 shares. First Bancorp Of Mount Dora Trust Ser invested in 0.49% or 4,771 shares. Cutter Brokerage owns 1,097 shares or 0.11% of their US portfolio. Zevin Asset Management Lc holds 0.44% or 8,234 shares in its portfolio. Wells Fargo And Co Mn stated it has 7.51M shares or 0.51% of all its holdings. Compton Capital Mgmt Ri owns 14,533 shares or 1.46% of their US portfolio. The United Kingdom-based Bp Public Ltd Co has invested 0.64% in 3M Company (NYSE:MMM). Barnett & has invested 0.03% in 3M Company (NYSE:MMM). Macnealy Hoover Management holds 8,212 shares or 1.4% of its portfolio. Tocqueville Asset Mngmt LP invested 0.45% of its portfolio in 3M Company (NYSE:MMM). 130,818 are held by Conning. Aimz Inv Advisors Lc has 1.17% invested in 3M Company (NYSE:MMM) for 6,631 shares. Stock Yards National Bank Trust Com stated it has 0.55% of its portfolio in 3M Company (NYSE:MMM). Fayerweather Charles stated it has 14,444 shares.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “Jefferies cautious on 3M amid rate, recession fears” on May 16, 2018, also Benzinga.com with their article: “RBC: 3M Remains One Of The Strongest Industrials” published on May 03, 2018, Seekingalpha.com published: “3M Stumbles, And The Knives Come Out” on April 26, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “3M: Buy On Earnings Dip?” published on April 25, 2018 as well as Investorplace.com‘s news article titled: “Resistance Looms Large for 3M Co Stock — Short It!” with publication date: May 11, 2018.

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 169 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, November 3 the stock rating was maintained by Jefferies with “Buy”. Wells Fargo downgraded the stock to “Market Perform” rating in Wednesday, August 2 report. The firm has “Outperform” rating given on Friday, November 3 by Bernstein. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Monday, October 10 by Wunderlich. KeyBanc Capital Markets maintained Pioneer Natural Resources Company (NYSE:PXD) on Tuesday, November 21 with “Buy” rating. The firm has “Buy” rating by Jefferies given on Wednesday, December 20. The firm has “Accumulate” rating given on Friday, August 14 by Global Hunter Securities. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, April 11. As per Wednesday, November 4, the company rating was upgraded by Societe Generale. The rating was initiated by Bernstein with “Outperform” on Wednesday, August 17.

Since December 11, 2017, it had 0 insider buys, and 20 selling transactions for $18.18 million activity. The insider CATES ANDREW F. sold 2,500 shares worth $501,550. Fairbrook Teresa A had sold 2,134 shares worth $384,120. RISCH FRANK A sold $202,158 worth of stock or 1,000 shares. Another trade for 5,184 shares valued at $1.06 million was sold by CHEATWOOD CHRIS J. Shares for $403,900 were sold by BERG MARK STEPHEN on Friday, May 11. $195,624 worth of stock was sold by Stewart Stephanie D on Thursday, February 22.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.16, from 1.03 in 2017Q3. It turned negative, 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. Td Asset has 76,691 shares. Washington Trust Natl Bank, a Washington-based fund reported 21,777 shares. Ahl Llp invested 0% in Pioneer Natural Resources Company (NYSE:PXD). Baldwin Brothers Ma holds 0.39% in Pioneer Natural Resources Company (NYSE:PXD) or 14,310 shares. Bokf Na accumulated 13,646 shares or 0.07% of the stock. 2,900 are held by Hyman Charles D. Caprock Grp Inc Inc reported 2,437 shares. State Bank Of The West invested in 0.12% or 5,473 shares. Pinnacle Partners Inc has invested 0.1% in Pioneer Natural Resources Company (NYSE:PXD). South Dakota Council has 9,400 shares for 0.04% of their portfolio. Morgan Stanley has invested 0.04% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). The New York-based Blue Ridge Cap Lc has invested 4.85% in Pioneer Natural Resources Company (NYSE:PXD). 100 were accumulated by Sandy Spring Financial Bank. Cornerstone Advisors reported 5,000 shares. Fjarde Ap holds 51,435 shares or 0.13% of its portfolio.

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on August, 7. They expect $1.58 EPS, up 652.38% or $1.37 from last year’s $0.21 per share. PXD’s profit will be $269.27M for 33.20 P/E if the $1.58 EPS becomes a reality. After $1.66 actual EPS reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts -4.82% negative EPS growth.

More recent Pioneer Natural Resources Company (NYSE:PXD) news were published by: Seekingalpha.com which released: “Pioneer Natural Resources (PXD) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Also Seekingalpha.com published the news titled: “Tracking Seth Klarman’s Baupost Group Holdings – Q1 2018 Update” on May 15, 2018. Investorplace.com‘s news article titled: “10 Small-Cap Oil & Gas Stocks to Watch” with publication date: May 17, 2018 was also an interesting one.

Ci Investments Inc, which manages about $10.46B US Long portfolio, upped its stake in Jd Com Inc (NASDAQ:JD) by 10,600 shares to 299,150 shares, valued at $12.39M in 2017Q4, according to the filing. It also increased its holding in Noble Energy Inc (NYSE:NBL) by 435,000 shares in the quarter, for a total of 514,100 shares, and has risen its stake in Williams Cos Inc Del (NYSE:WMB).

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