Parsley Energy, Inc. (PE) Holdings Raised by State Street Corp

State Street Corp boosted its holdings in shares of Parsley Energy, Inc. (NYSE:PE) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,327,728 shares of the oil and natural gas company’s stock after acquiring an additional 493,511 shares during the quarter. State Street Corp owned 2.56% of Parsley Energy worth $175,601,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Parsley Energy by 15.8% in the 2nd quarter. Pacer Advisors Inc. now owns 40,202 shares of the oil and natural gas company’s stock worth $1,116,000 after buying an additional 5,492 shares during the period. Motco purchased a new stake in shares of Parsley Energy during the 2nd quarter worth $278,000. JPMorgan Chase & Co. lifted its stake in shares of Parsley Energy by 263.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,335,311 shares of the oil and natural gas company’s stock worth $64,805,000 after purchasing an additional 1,692,425 shares during the last quarter. Addison Capital Co lifted its stake in shares of Parsley Energy by 7.9% during the 2nd quarter. Addison Capital Co now owns 15,278 shares of the oil and natural gas company’s stock worth $424,000 after purchasing an additional 1,114 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Parsley Energy by 46.6% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 88,989 shares of the oil and natural gas company’s stock worth $2,469,000 after purchasing an additional 28,299 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

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A number of equities research analysts recently weighed in on the company. Scotiabank set a $38.00 price objective on Parsley Energy and gave the stock a “buy” rating in a research note on Saturday, July 1st. Barclays PLC decreased their price objective on Parsley Energy from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, August 8th. KeyCorp restated a “buy” rating and set a $39.00 price objective on shares of Parsley Energy in a research note on Tuesday, September 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $39.00 target price on shares of Parsley Energy in a research report on Friday, July 14th. Finally, Imperial Capital assumed coverage on Parsley Energy in a research report on Tuesday, August 15th. They set an “outperform” rating and a $36.00 target price on the stock. Three research analysts have rated the stock with a sell rating and twenty-three have assigned a buy rating to the company’s stock. Parsley Energy has an average rating of “Buy” and a consensus target price of $40.86.

Shares of Parsley Energy, Inc. (NYSE:PE) traded up 3.18% during mid-day trading on Friday, hitting $25.30. The stock had a trading volume of 4,907,209 shares. The firm has a market cap of $6.27 billion, a PE ratio of 141.34 and a beta of -0.05. Parsley Energy, Inc. has a 52-week low of $22.98 and a 52-week high of $39.82. The firm has a 50 day moving average price of $25.92 and a 200 day moving average price of $27.69.

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

Parsley Energy 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)

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