Keybank National Association OH cut its holdings in Parsley Energy, Inc. (NYSE:PE) by 69.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,142 shares of the oil and natural gas company’s stock after selling 27,433 shares during the quarter. Keybank National Association OH’s holdings in Parsley Energy were worth $320,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of PE. Advisor Group Inc. lifted its stake in shares of 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 worth $113,000 after buying an additional 781 shares during the last quarter. American International Group Inc. lifted its stake in shares of 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 worth $158,000 after buying an additional 180 shares during the last quarter. Daiwa Securities Group Inc. increased its position in 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 period. Metropolitan Life Insurance Co. NY increased its position in 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 period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Parsley Energy during the third quarter worth $196,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.
Shares of Parsley Energy, Inc. (PE) traded down $0.78 during midday trading on Monday, reaching $26.66. 3,921,538 shares of the company traded hands, compared to its average volume of 4,840,799. The firm has a market cap of $8,380.00, a P/E ratio of 72.21 and a beta of -0.05. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Parsley Energy, Inc. has a 1-year low of $22.98 and a 1-year high of $39.42.
Parsley Energy (NYSE:PE) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The business had revenue of $241.02 million for the quarter, compared to the consensus estimate of $234.58 million. During the same quarter in the prior year, the company earned $0.05 EPS. The firm’s quarterly revenue was up 81.8% on a year-over-year basis. research analysts predict that Parsley Energy, Inc. will post 0.48 earnings per share for the current year.
A number of equities analysts recently issued reports on PE shares. BidaskClub lowered shares of Parsley Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Barclays dropped their target price on shares of Parsley Energy from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. Seaport Global Securities raised shares of Parsley Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $32.00 in a research report on Friday, August 11th. Imperial Capital initiated coverage on shares of Parsley Energy in a report on Tuesday, August 15th. They issued an “outperform” rating and a $36.00 price target on the stock. Finally, Citigroup set a $51.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have given a buy rating to the stock. Parsley Energy presently has a consensus rating of “Buy” and a consensus target price of $40.23.
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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.
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