Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in Parsley Energy, Inc. (NYSE:PE) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 609,304 shares of the oil and natural gas company’s stock after selling 49,992 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of Parsley Energy worth $16,908,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of PE. BlackRock Inc. boosted its holdings in Parsley Energy by 6,471.4% in the first quarter. BlackRock Inc. now owns 11,215,157 shares of the oil and natural gas company’s stock worth $364,606,000 after acquiring an additional 11,044,492 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Parsley Energy by 47.3% in the first quarter. Vanguard Group Inc. now owns 18,418,741 shares of the oil and natural gas company’s stock worth $598,793,000 after acquiring an additional 5,913,072 shares in the last quarter. State Street Corp boosted its holdings in Parsley Energy by 45.0% in the first quarter. State Street Corp now owns 5,834,217 shares of the oil and natural gas company’s stock worth $189,683,000 after acquiring an additional 1,809,520 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Parsley Energy by 617.4% in the first quarter. UBS Asset Management Americas Inc. now owns 2,095,420 shares of the oil and natural gas company’s stock worth $68,122,000 after acquiring an additional 1,803,342 shares in the last quarter. Finally, FMR LLC boosted its holdings in Parsley Energy by 29.7% in the first quarter. FMR LLC now owns 7,198,268 shares of the oil and natural gas company’s stock worth $234,016,000 after acquiring an additional 1,649,919 shares in the last quarter. 98.71% of the stock is owned by institutional investors and hedge funds.
Shares of Parsley Energy, Inc. (PE) opened at 25.64 on Friday. Parsley Energy, Inc. has a 52-week low of $22.98 and a 52-week high of $39.82. The stock has a 50 day moving average price of $25.43 and a 200-day moving average price of $28.72. The stock has a market capitalization of $6.35 billion, a PE ratio of 143.24 and a beta of -0.07.
Parsley Energy (NYSE:PE) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). The business had revenue of $213.68 million during the quarter, compared to analyst estimates of $216.54 million. Parsley Energy had a net margin of 5.23% and a return on equity of 1.70%. The firm’s quarterly revenue was up 99.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. On average, equities research analysts anticipate that Parsley Energy, Inc. will post $0.50 EPS for the current fiscal year.
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A number of equities research analysts recently commented on the company. Credit Suisse Group reaffirmed an “outperform” rating and set a $45.00 target price on shares of Parsley Energy in a report on Friday, June 2nd. FBR & Co set a $42.00 target price on Parsley Energy and gave the stock a “buy” rating in a report on Thursday, June 1st. Zacks Investment Research raised Parsley Energy from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub downgraded Parsley Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Seaport Global Securities downgraded Parsley Energy from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus 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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