Icon Advisers Inc. Co. Purchases Shares of 295,410 Parsley Energy, Inc. (NYSE:PE)

Icon Advisers Inc. Co. bought a new position in Parsley Energy, Inc. (NYSE:PE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 295,410 shares of the oil and natural gas company’s stock, valued at approximately $7,781,000. Icon Advisers Inc. Co. owned approximately 0.09% of Parsley Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Inc. raised its position in shares of Parsley Energy by 23.9% during the 2nd quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock valued at $113,000 after acquiring an additional 781 shares during the last quarter. American International Group Inc. raised its position in shares of Parsley Energy by 3.8% during the 1st quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock valued at $158,000 after acquiring an additional 180 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Parsley Energy by 14.1% during the 1st 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 acquiring an additional 735 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Parsley Energy by 15.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company’s stock valued at $183,000 after acquiring an additional 900 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Parsley Energy during the 3rd quarter valued at $196,000. 80.16% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on PE. Northland Securities restated a “buy” rating and issued a $40.00 price objective on shares of Parsley Energy in a research report on Friday, November 10th. ValuEngine cut shares of Parsley Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Stifel Nicolaus set a $46.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. KeyCorp reaffirmed a “buy” rating and issued a $39.00 target price on shares of Parsley Energy in a research note on Tuesday, September 19th. Finally, J P Morgan Chase & Co reduced their target price on shares of Parsley Energy from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Parsley Energy currently has an average rating of “Buy” and a consensus price target of $40.23.

Parsley Energy, Inc. (NYSE PE) traded up $0.35 during trading on Thursday, reaching $25.69. 2,644,692 shares of the company’s stock traded hands, compared to its average volume of 4,816,790. Parsley Energy, Inc. has a 52-week low of $22.98 and a 52-week high of $38.18. The company has a market cap of $8,290.39, a PE ratio of 69.39 and a beta of -0.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92.

Parsley Energy (NYSE:PE) last announced its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The company had revenue of $241.02 million for the quarter, compared to analysts’ expectations of $234.58 million. During the same period last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 81.8% on a year-over-year basis. equities analysts forecast that Parsley Energy, Inc. will post 0.49 EPS for the current year.

WARNING: “Icon Advisers Inc. Co. Purchases Shares of 295,410 Parsley Energy, Inc. (NYSE:PE)” was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.thelincolnianonline.com/2017/12/08/295410-shares-in-parsley-energy-inc-pe-acquired-by-icon-advisers-inc-co-updated-updated.html.

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.

Institutional Ownership by Quarter for Parsley Energy (NYSE:PE)

Receive News & Ratings for Parsley Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsley Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply