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Two Creeks Capital Management LP Cut Pioneer Nat Res Co (PXD) Holding as Market Valuation Rose; Johnston Asset Management Trimmed Baidu (BIDU) Position by $372,060

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Johnston Asset Management Corp decreased its stake in Baidu Inc (BIDU) by 22.55% based on its latest 2017Q4 regulatory filing with the SEC. Johnston Asset Management Corp sold 1,590 shares as the company’s stock declined 3.38% with the market. The institutional investor held 5,460 shares of the technology company at the end of 2017Q4, valued at $1.28M, down from 7,050 at the end of the previous reported quarter. Johnston Asset Management Corp who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $80.17 billion market cap company. The stock decreased 0.49% or $1.14 during the last trading session, reaching $230.27. About 1.69 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since April 25, 2017 and is uptrending. It has outperformed by 25.17% the S&P500.

John Overdeck decreased its stake in Pioneer Nat Res Co (PXD) by 35.42% based on its latest 2017Q4 regulatory filing with the SEC. Two Creeks Capital Management Lp sold 345,623 shares as the company’s stock rose 0.37% while stock markets declined. The hedge fund run by John Overdeck held 630,147 shares of the oil & gas production company at the end of 2017Q4, valued at $108.92 million, down from 975,770 at the end of the previous reported quarter. Two Creeks Capital Management Lp who had been investing in Pioneer Nat Res Co for a number of months, seems to be less bullish one the $33.86 billion market cap company. The stock increased 1.26% or $2.47 during the last trading session, reaching $198.53. About 553,599 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since April 25, 2017 and is downtrending. It has underperformed by 16.34% the S&P500.

Johnston Asset Management Corp, which manages about $4.21B and $2.36 billion US Long portfolio, upped its stake in Occidental Pete Corp Del (NYSE:OXY) by 92,120 shares to 204,570 shares, valued at $15.07 million in 2017Q4, according to the filing. It also increased its holding in Albemarle Corp (NYSE:ALB) by 28,235 shares in the quarter, for a total of 314,072 shares, and has risen its stake in Celgene Corp (NASDAQ:CELG).

Among 24 analysts covering Baidu (NASDAQ:BIDU), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Baidu had 65 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was downgraded by TH Capital on Friday, July 29 to “Hold”. Nomura downgraded Baidu, Inc. (NASDAQ:BIDU) on Monday, January 29 to “Hold” rating. The rating was maintained by Jefferies on Friday, October 20 with “Buy”. Wells Fargo initiated Baidu, Inc. (NASDAQ:BIDU) on Tuesday, September 26 with “Buy” rating. The firm earned “Neutral” rating on Monday, October 31 by Macquarie Research. The rating was downgraded by Pacific Crest on Tuesday, July 28 to “Sector Weight”. On Wednesday, February 14 the stock rating was maintained by Jefferies with “Hold”. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Buy” rating given on Monday, July 31 by Nomura. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Neutral” rating given on Monday, January 9 by JP Morgan. The stock has “Buy” rating by TH Capital on Tuesday, October 27.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on April, 26. They expect $1.31 earnings per share, up 98.48% or $0.65 from last year’s $0.66 per share. BIDU’s profit will be $456.09M for 43.94 P/E if the $1.31 EPS becomes a reality. After $1.90 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -31.05% negative EPS growth.

Two Creeks Capital Management Lp, which manages about $2.12 billion and $1.87B US Long portfolio, upped its stake in Visa Inc (Call) (NYSE:V) by 5,000 shares to 142,000 shares, valued at $16.19M in 2017Q4, according to the filing. It also increased its holding in Liberty Global Plc by 111,648 shares in the quarter, for a total of 2.61 million shares, and has risen its stake in Weatherford Intl Plc (NYSE:WFT).

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.16, from 1.03 in 2017Q3. It worsened, 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. Robotti Robert stated it has 1,250 shares or 0.06% of all its holdings. Adage Prtnrs Group Limited Liability Company stated it has 367,219 shares. Kbc Group Nv owns 0.19% invested in Pioneer Natural Resources Company (NYSE:PXD) for 128,577 shares. Sigma Planning accumulated 1,358 shares. Hsbc Holdg Public Limited stated it has 365,476 shares. 82,700 were accumulated by Adams Natural Fund Incorporated. Millennium Mngmt Ltd Limited Liability Company has 91,865 shares for 0.02% of their portfolio. Integral Derivatives Llc, a New York-based fund reported 29,821 shares. Westfield Capital Mngmt LP reported 264,160 shares. Cornerstone Advsr owns 5,000 shares. California Employees Retirement Sys has 0.09% invested in Pioneer Natural Resources Company (NYSE:PXD) for 376,305 shares. 124,126 were accumulated by Keybank Association Oh. Winfield Associate Inc owns 1,904 shares or 0.17% of their US portfolio. Piedmont Advisors Ltd Liability Com invested 0.13% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). 2,437 were reported by Timber Hill Lc.

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. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Tuesday, April 5 by Drexel Hamilton. The firm earned “Buy” rating on Tuesday, August 15 by Citigroup. Mizuho initiated Pioneer Natural Resources Company (NYSE:PXD) rating on Thursday, October 6. Mizuho has “Neutral” rating and $196 target. As per Thursday, April 7, the company rating was maintained by Citigroup. On Wednesday, December 20 the stock rating was maintained by Jefferies with “Buy”. The stock of Pioneer Natural Resources Company (NYSE:PXD) earned “Hold” rating by Williams Capital Group on Wednesday, August 2. The rating was maintained by Barclays Capital on Tuesday, March 15 with “Equal-Weight”. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Tuesday, April 26 by UBS. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Hold” rating given on Tuesday, January 24 by Williams Capital Group. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Neutral” rating given on Friday, March 31 by Seaport Global.

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

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