Robeco Institutional Asset Management B.V. boosted its position in shares of Parsley Energy Inc (NYSE:PE) by 7.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,421 shares of the oil and natural gas company’s stock after buying an additional 2,192 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Parsley Energy were worth $911,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of PE. Viking Global Investors LP increased its stake in Parsley Energy by 129.7% during the 4th quarter. Viking Global Investors LP now owns 18,144,801 shares of the oil and natural gas company’s stock worth $534,183,000 after buying an additional 10,245,991 shares in the last quarter. Teachers Advisors LLC increased its stake in Parsley Energy by 34.9% during the 4th quarter. Teachers Advisors LLC now owns 6,101,167 shares of the oil and natural gas company’s stock worth $179,618,000 after buying an additional 1,578,132 shares in the last quarter. Tide Point Capital Management LP purchased a new stake in Parsley Energy during the 4th quarter worth approximately $40,093,000. Goldentree Asset Management LP increased its stake in Parsley Energy by 93.0% during the 4th quarter. Goldentree Asset Management LP now owns 2,491,641 shares of the oil and natural gas company’s stock worth $73,354,000 after buying an additional 1,200,316 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Parsley Energy by 1,152.3% during the 4th quarter. Renaissance Technologies LLC now owns 940,500 shares of the oil and natural gas company’s stock worth $27,688,000 after buying an additional 865,400 shares in the last quarter. Institutional investors own 85.64% of the company’s stock.
Parsley Energy opened at $29.42 on Friday, according to MarketBeat Ratings. Parsley Energy Inc has a one year low of $21.12 and a one year high of $33.43. The company has a market capitalization of $9.48 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 0.66 and a beta of -0.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.20 and a current ratio of 1.20.
Parsley Energy (NYSE:PE) last released its quarterly earnings data on Thursday, May 3rd. The oil and natural gas company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. Parsley Energy had a return on equity of 3.71% and a net margin of 13.82%. The firm had revenue of $392.70 million for the quarter, compared to analysts’ expectations of $348.64 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The firm’s quarterly revenue was up 95.5% on a year-over-year basis. analysts anticipate that Parsley Energy Inc will post 1.52 EPS for the current year.
In other Parsley Energy news, insider Mike Hinson sold 41,681 shares of the company’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $31.95, for a total transaction of $1,331,707.95. Following the transaction, the insider now directly owns 422,626 shares in the company, valued at $13,502,900.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bryan Sheffield purchased 189,500 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $26.34 per share, for a total transaction of $4,991,430.00. Following the completion of the purchase, the insider now directly owns 11,533,063 shares of the company’s stock, valued at $303,780,879.42. The disclosure for this purchase can be found here. Insiders sold 59,181 shares of company stock worth $1,859,783 over the last quarter. 13.17% of the stock is currently owned by insiders.
Several equities research analysts have commented on PE shares. Credit Suisse Group cut their price objective on Parsley Energy from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. Piper Jaffray Companies restated a “buy” rating and issued a $38.00 price target on shares of Parsley Energy in a research report on Friday, February 2nd. BMO Capital Markets restated an “outperform” rating and issued a $36.00 price target (down from $41.00) on shares of Parsley Energy in a research report on Friday, March 2nd. Royal Bank of Canada set a $37.00 price target on Parsley Energy and gave the company a “buy” rating in a research report on Friday, April 13th. Finally, Deutsche Bank started coverage on Parsley Energy in a research report on Thursday, February 1st. They issued a “buy” rating and a $38.00 price target for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the stock. Parsley Energy currently has a consensus rating of “Buy” and a consensus price target of $38.04.
Parsley Energy Company Profile
Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico. As of December 31, 2017, its acreage position consisted of 219,747 net acres, including 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net producing horizontal wells and 731.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 416.4 MMBoe.
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