Pacer Advisors Inc. raised its holdings in shares of Parsley Energy, Inc. (NYSE:PE) by 21.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,854 shares of the oil and natural gas company’s stock after purchasing an additional 8,652 shares during the period. Pacer Advisors Inc.’s holdings in Parsley Energy were worth $1,287,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in PE. Spot Trading L.L.C. bought a new position in shares of Parsley Energy during the first quarter valued at approximately $565,000. American International Group Inc. increased its stake in shares of Parsley Energy by 3.8% during the first quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock valued at $158,000 after purchasing an additional 180 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Parsley Energy by 14.1% during the first quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock valued at $193,000 after purchasing an additional 735 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Parsley Energy by 539.7% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 36,014 shares of the oil and natural gas company’s stock valued at $999,000 after purchasing an additional 30,384 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Parsley Energy by 2,252.9% during the second quarter. Nisa Investment Advisors LLC now owns 12,000 shares of the oil and natural gas company’s stock valued at $335,000 after purchasing an additional 11,490 shares in the last quarter. 78.70% of the stock is owned by institutional investors and hedge funds.
Shares of Parsley Energy, Inc. (NYSE:PE) traded up $0.50 during midday trading on Wednesday, reaching $26.33. 3,389,800 shares of the company’s stock were exchanged, compared to its average volume of 4,902,487. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $8,120.62, a P/E ratio of 67.97 and a beta of -0.05. Parsley Energy, Inc. has a one year low of $22.98 and a one year high of $39.82.
Parsley Energy (NYSE:PE) last announced its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $241.02 million for the quarter, compared to the consensus estimate of $234.58 million. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. Parsley Energy’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. equities analysts anticipate that Parsley Energy, Inc. will post 0.47 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on PE shares. Williams Capital set a $39.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a research report on Thursday, August 3rd. Seaport Global Securities upgraded shares of Parsley Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $30.00 to $32.00 in a report on Friday, August 11th. Stifel Nicolaus restated a “buy” rating and issued a $46.00 target price on shares of Parsley Energy in a report on Sunday, September 3rd. Northland Securities set a $43.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Citigroup Inc. set a $51.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $40.23.
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Parsley Energy Company 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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