Parsley Energy, Inc. (NYSE:PE) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lifted its holdings in shares of Parsley Energy, Inc. (NYSE:PE) by 60.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 280,629 shares of the oil and natural gas company’s stock after acquiring an additional 105,735 shares during the quarter. Parametric Portfolio Associates LLC owned 0.11% of Parsley Energy worth $7,787,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in PE. Advisor Group Inc. increased its holdings in Parsley Energy by 23.9% in the second quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock valued at $113,000 after buying an additional 781 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Parsley Energy by 6.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,716 shares of the oil and natural gas company’s stock valued at $153,000 after buying an additional 300 shares during the last quarter. American International Group Inc. increased its holdings in Parsley Energy by 3.8% in the first quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock valued at $158,000 after buying an additional 180 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Parsley Energy by 14.1% in the first 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 buying an additional 735 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Parsley Energy by 15.8% in the second quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company’s stock valued at $183,000 after buying an additional 900 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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Parsley Energy, Inc. (NYSE:PE) opened at 24.52 on Friday. Parsley Energy, Inc. has a 12 month low of $22.98 and a 12 month high of $39.82. The stock’s 50 day moving average price is $25.92 and its 200 day moving average price is $27.69. The firm has a market capitalization of $6.07 billion, a P/E ratio of 136.98 and a beta of -0.05.

Parsley Energy (NYSE:PE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). The firm had revenue of $213.68 million for the quarter, compared to analyst estimates of $216.54 million. Parsley Energy had a return on equity of 1.70% and a net margin of 5.23%. The business’s quarterly revenue was up 99.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 EPS. On average, analysts forecast that Parsley Energy, Inc. will post $0.47 earnings per share for the current year.

PE has been the subject of several research analyst reports. Scotiabank set a $38.00 price objective on Parsley Energy and gave the company a “buy” rating in a report on Saturday, July 1st. BidaskClub raised Parsley Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Parsley Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 15th. Stifel Nicolaus reissued a “buy” rating and issued a $39.00 price objective on shares of Parsley Energy in a report on Friday, July 14th. Finally, Northland Securities set a $43.00 price objective on Parsley Energy and gave the company a “buy” rating in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating and twenty-three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $40.86.

About Parsley Energy

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)

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