Alyeska Investment Group L.P. trimmed its holdings in shares of Parsley Energy, Inc. (NYSE:PE) by 97.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,540 shares of the oil and natural gas company’s stock after selling 2,468,528 shares during the period. Alyeska Investment Group L.P.’s holdings in Parsley Energy were worth $1,621,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Advisor Group Inc. raised its holdings in shares of Parsley Energy by 23.9% during the second quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock worth $113,000 after purchasing an additional 781 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Parsley Energy by 15.8% during the second quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company’s stock worth $183,000 after acquiring an additional 900 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position 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 worth $193,000 after acquiring an additional 735 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Parsley Energy during the third quarter worth about $196,000. Finally, Trexquant Investment LP bought a new position in shares of Parsley Energy during the third quarter worth about $206,000. 80.16% of the stock is currently owned by institutional investors.
PE has been the subject of several recent research reports. Northland Securities set a $43.00 price target on shares of Parsley Energy and gave the stock a “buy” rating in a research report on Monday, August 21st. ValuEngine lowered shares of Parsley Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and set a $46.00 price target on shares of Parsley Energy in a research report on Sunday, September 3rd. Piper Jaffray Companies lowered their price target on shares of Parsley Energy from $42.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. Finally, KeyCorp restated a “buy” rating and set a $39.00 price target on shares of Parsley Energy in a research report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $39.45.
Shares of Parsley Energy, Inc. (NYSE PE) traded up $0.05 on Thursday, reaching $26.71. 2,984,100 shares of the company were exchanged, compared to its average volume of 4,790,136. The company has a market cap of $8,381.56, a price-to-earnings ratio of 70.16 and a beta of -0.05. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. Parsley Energy, Inc. has a 12-month low of $22.98 and a 12-month high of $37.72.
Parsley Energy (NYSE:PE) last announced its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The firm had revenue of $241.02 million during the quarter, compared to analyst estimates 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 was up 81.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. research analysts anticipate that Parsley Energy, Inc. will post 0.49 earnings per share for the current fiscal year.
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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