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Jefferies Group Has Lowered Its Pioneer Nat Res Co (PXD) Position as Stock Price Declined; As Bank New York Mellon (BK) Stock Price Declined, Chesapeake Asset Management Decreased Stake

Chesapeake Asset Management Llc decreased its stake in Bank New York Mellon Corp (BK) by 41.84% based on its latest 2017Q3 regulatory filing with the SEC. Chesapeake Asset Management Llc sold 9,174 shares as the company’s stock declined 1.27% while stock markets rallied. The hedge fund held 12,752 shares of the major banks company at the end of 2017Q3, valued at $676,000, down from 21,926 at the end of the previous reported quarter. Chesapeake Asset Management Llc who had been investing in Bank New York Mellon Corp for a number of months, seems to be less bullish one the $57.15B market cap company. The stock decreased 0.11% or $0.06 during the last trading session, reaching $56.39. About 1.95M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since February 22, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Jefferies Group Llc decreased its stake in Pioneer Nat Res Co (PXD) by 37.52% based on its latest 2017Q3 regulatory filing with the SEC. Jefferies Group Llc sold 18,799 shares as the company’s stock declined 8.01% while stock markets rallied. The institutional investor held 31,301 shares of the oil & gas production company at the end of 2017Q3, valued at $4.62M, down from 50,100 at the end of the previous reported quarter. Jefferies Group Llc who had been investing in Pioneer Nat Res Co for a number of months, seems to be less bullish one the $30.28B market cap company. The stock increased 1.83% or $3.19 during the last trading session, reaching $177.92. About 620,683 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 8.46% since February 22, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. The Bank Of New York Mellon Corporation had 74 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Barclays Capital maintained the stock with “Overweight” rating in Friday, January 22 report. The stock has “Buy” rating by Deutsche Bank on Tuesday, January 26. The stock has “Buy” rating by UBS on Friday, January 22. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by RBC Capital Markets on Monday, November 13. The firm has “Buy” rating given on Friday, May 27 by Deutsche Bank. JP Morgan downgraded the stock to “Underweight” rating in Friday, January 19 report. Keefe Bruyette & Woods maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Thursday, September 28. Keefe Bruyette & Woods has “Hold” rating and $53.0 target. Citigroup maintained it with “Neutral” rating and $56 target in Monday, October 9 report. RBC Capital Markets maintained The Bank of New York Mellon Corporation (NYSE:BK) on Friday, October 6 with “Hold” rating.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It improved, as 34 investors sold BK shares while 306 reduced holdings. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported. North Star Asset Management holds 9,649 shares. Hsbc Pcl has invested 0.13% in The Bank of New York Mellon Corporation (NYSE:BK). Stevens Cap Mngmt LP holds 0.82% or 416,191 shares in its portfolio. Connable Office stated it has 0.72% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Blb&B Advisors Ltd Co has 0.11% invested in The Bank of New York Mellon Corporation (NYSE:BK). Whitnell invested 0.4% in The Bank of New York Mellon Corporation (NYSE:BK). Schafer Cullen Cap Management Incorporated stated it has 30,660 shares. Of Vermont owns 28,885 shares. Amf Pensionsforsakring Ab owns 0.77% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 1.33 million shares. Veritable LP holds 0.04% in The Bank of New York Mellon Corporation (NYSE:BK) or 40,127 shares. Murphy Pohlad Asset Mgmt Ltd Liability Corporation invested in 103,931 shares or 3.83% of the stock. Qs Invsts Limited Liability Company reported 24,511 shares or 0.01% of all its holdings. Burke And Herbert National Bank & Trust And Trust invested 0.25% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Blackhill Capital holds 1,000 shares or 0.01% of its portfolio. Mu Ltd stated it has 620 shares.

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on April, 19. They expect $0.96 earnings per share, up 20.00% or $0.16 from last year’s $0.8 per share. BK’s profit will be $972.90M for 14.68 P/E if the $0.96 EPS becomes a reality. After $0.91 actual earnings per share reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts 5.49% EPS growth.

Jefferies Group Llc, which manages about $15.15 billion US Long portfolio, upped its stake in Air Prods & Chems Inc (NYSE:APD) by 16,285 shares to 55,012 shares, valued at $8.32M in 2017Q3, according to the filing. It also increased its holding in Navistar Intl Corp New (Call) (NYSE:NAV) by 120,000 shares in the quarter, for a total of 200,000 shares, and has risen its stake in Select Sector Spdr Tr (Put) (XLI).

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 $216.11 million for 35.02 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.

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 firm earned “Outperform” rating on Friday, November 3 by Bernstein. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Friday, July 7 by Jefferies. The firm has “Buy” rating by RBC Capital Markets given on Thursday, September 7. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Wednesday, February 7 by Jefferies. The stock of Pioneer Natural Resources Company (NYSE:PXD) earned “Buy” rating by Citigroup on Friday, July 21. The rating was upgraded by KLR Group to “Buy” on Friday, August 7. The firm earned “Overweight” rating on Tuesday, August 2 by Barclays Capital. The stock of Pioneer Natural Resources Company (NYSE:PXD) earned “Buy” rating by UBS on Wednesday, August 5. The stock of Pioneer Natural Resources Company (NYSE:PXD) earned “Outperform” rating by Imperial Capital on Thursday, February 8. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, January 6 report.

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

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