Parsley Energy Inc (PE) Shares Sold by Strs Ohio

Strs Ohio reduced its holdings in shares of Parsley Energy Inc (NYSE:PE) by 83.5% during the first quarter, HoldingsChannel reports. The firm owned 2,857 shares of the oil and natural gas company’s stock after selling 14,484 shares during the period. Strs Ohio’s holdings in Parsley Energy were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Parsley Energy by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,220,803 shares of the oil and natural gas company’s stock valued at $445,208,000 after buying an additional 865,292 shares during the period. Vanguard Group Inc grew its position in Parsley Energy by 4.0% in the third quarter. Vanguard Group Inc now owns 23,467,865 shares of the oil and natural gas company’s stock worth $686,436,000 after acquiring an additional 901,815 shares in the last quarter. DNB Asset Management AS grew its position in Parsley Energy by 8.6% in the fourth quarter. DNB Asset Management AS now owns 30,191 shares of the oil and natural gas company’s stock worth $482,000 after acquiring an additional 2,400 shares in the last quarter. Peregrine Capital Management LLC grew its position in Parsley Energy by 243,059.7% in the fourth quarter. Peregrine Capital Management LLC now owns 826,743 shares of the oil and natural gas company’s stock worth $13,211,000 after acquiring an additional 826,403 shares in the last quarter. Finally, Nippon Life Global Investors Americas Inc. grew its position in Parsley Energy by 24.5% in the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 302,050 shares of the oil and natural gas company’s stock worth $4,827,000 after acquiring an additional 59,360 shares in the last quarter. 83.23% of the stock is currently owned by hedge funds and other institutional investors.

NYSE PE opened at $20.85 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.60 billion, a P/E ratio of 14.79, a PEG ratio of 0.34 and a beta of 0.41. Parsley Energy Inc has a 1 year low of $14.17 and a 1 year high of $33.25.

Parsley Energy (NYSE:PE) last posted its quarterly earnings data on Wednesday, May 1st. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Parsley Energy had a return on equity of 6.05% and a net margin of 14.09%. The firm had revenue of $427.67 million for the quarter, compared to the consensus estimate of $410.04 million. During the same period in the prior year, the company posted $0.31 earnings per share. Parsley Energy’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Parsley Energy Inc will post 1.66 earnings per share for the current year.

In other Parsley Energy news, insider Mike Hinson sold 41,727 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $18.43, for a total value of $769,028.61. Following the completion of the sale, the insider now directly owns 398,275 shares of the company’s stock, valued at approximately $7,340,208.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Colin Roberts sold 3,500 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $18.73, for a total transaction of $65,555.00. Following the completion of the sale, the insider now directly owns 274,926 shares of the company’s stock, valued at $5,149,363.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,227 shares of company stock valued at $894,584. Insiders own 12.14% of the company’s stock.

Several research firms have commented on PE. KeyCorp boosted their target price on shares of Parsley Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. SunTrust Banks set a $30.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Zacks Investment Research raised shares of Parsley Energy from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, April 24th. Wolfe Research raised shares of Parsley Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday, April 18th. Finally, ValuEngine raised shares of Parsley Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $30.87.

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About Parsley Energy

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

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