Mitsubishi UFJ Trust & Banking Corp raised its holdings in Parsley Energy, Inc. (NYSE:PE) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 431,657 shares of the oil and natural gas company’s stock after buying an additional 2,317 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.18% of Parsley Energy worth $11,978,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Parsley Energy by 23.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 91,979 shares of the oil and natural gas company’s stock valued at $2,552,000 after buying an additional 17,742 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Parsley Energy by 6.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 21,129 shares of the oil and natural gas company’s stock valued at $586,000 after buying an additional 1,208 shares during the period. Prudential Financial Inc. raised its stake in Parsley Energy by 20.1% in the second quarter. Prudential Financial Inc. now owns 13,170 shares of the oil and natural gas company’s stock valued at $365,000 after buying an additional 2,200 shares during the period. Sirios Capital Management L P bought a new position in shares of Parsley Energy during the second quarter worth approximately $7,150,000. Finally, Victory Capital Management Inc. increased its stake in shares of Parsley Energy by 250.9% during the second quarter. Victory Capital Management Inc. now owns 7,264,371 shares of the oil and natural gas company’s stock worth $201,586,000 after purchasing an additional 5,194,292 shares during the period. Hedge funds and other institutional investors own 98.71% of the company’s stock.
Shares of Parsley Energy, Inc. (PE) traded up 0.55% on Friday, reaching $25.68. The company had a trading volume of 419,531 shares. The company’s 50-day moving average is $25.54 and its 200-day moving average is $28.76. The company has a market capitalization of $6.36 billion, a PE ratio of 143.46 and a beta of -0.07. Parsley Energy, Inc. has a one year low of $22.98 and a one year high of $39.82.
Parsley Energy (NYSE:PE) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.06). Parsley Energy had a net margin of 5.23% and a return on equity of 1.70%. The business had revenue of $213.68 million for the quarter, compared to analysts’ expectations of $216.54 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The business’s quarterly revenue was up 99.9% on a year-over-year basis. Equities research analysts predict that Parsley Energy, Inc. will post $0.50 earnings per share for the current year.
A number of brokerages have recently weighed in on PE. ValuEngine lowered Parsley Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Northland Securities set a $43.00 target price on Parsley Energy and gave the stock a “buy” rating in a research note on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 target price on shares of Parsley Energy in a research note on Sunday, September 3rd. Barclays PLC reduced their price target on Parsley Energy from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded Parsley Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $40.64.
Parsley Energy Profile
Parsley Energy, Inc is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.
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