Why These 5 Stocks Are Trending on Wednesday

4. Pioneer Natural Resources Company (NYSE:PXD) is in the spotlight after reporting third quarter adjusted EPS of $4.13 versus the consensus of $3.89. Sales for the period were $4.46 billion, versus the average estimate of $2.86 billion. For Q4, Pioneer Natural Resources Company (NYSE:PXD) sees oil production of 388-403 MBOPD. Pioneer Natural Resources Company (NYSE:PXD) is also trending after it announced a definitive agreement to sell all the company’s assets in the Delaware Basin to Continental Resources for $3.25 billion in cash, subject to normal closing adjustments. At second quarter’s end, a total of 45 of the elite funds tracked by Insider Monkey were long Pioneer Natural Resources Company (NYSE:PXD), a change of 22% from the previous quarter.