Swiss National Bank increased its position in shares of Parsley Energy, Inc. (NYSE:PE) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 815,600 shares of the oil and natural gas company’s stock after buying an additional 6,600 shares during the quarter. Swiss National Bank owned about 259,414.76% of Parsley Energy worth $21,483,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Parsley Energy by 3.2% during the second quarter. Vanguard Group Inc. now owns 19,016,423 shares of the oil and natural gas company’s stock worth $527,706,000 after acquiring an additional 597,682 shares in the last quarter. Boston Partners lifted its position in shares of Parsley Energy by 19.3% during the third quarter. Boston Partners now owns 15,267,555 shares of the oil and natural gas company’s stock worth $402,148,000 after acquiring an additional 2,466,399 shares in the last quarter. Apollo Management Holdings L.P. purchased a new stake in shares of Parsley Energy in the second quarter worth $414,418,000. BlackRock Inc. raised its position in shares of Parsley Energy by 2.0% in the second quarter. BlackRock Inc. now owns 11,438,545 shares of the oil and natural gas company’s stock worth $317,419,000 after buying an additional 223,388 shares in the last quarter. Finally, FMR LLC raised its position in shares of Parsley Energy by 40.2% in the second quarter. FMR LLC now owns 10,091,313 shares of the oil and natural gas company’s stock worth $280,034,000 after buying an additional 2,893,045 shares in the last quarter. 80.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of Parsley Energy, Inc. (NYSE:PE) traded down $0.78 during mid-day trading on Monday, hitting $26.66. 3,921,538 shares of the stock were exchanged, compared to its average volume of 4,840,799. The company 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 debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. Parsley Energy, Inc. has a 12-month low of $22.98 and a 12-month high of $39.42.
Parsley Energy (NYSE:PE) last issued its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $241.02 million during the quarter, compared to the consensus estimate of $234.58 million. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. Parsley Energy’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. sell-side analysts expect that Parsley Energy, Inc. will post 0.48 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the company. Northland Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Parsley Energy in a research report on Friday, November 10th. Royal Bank Of Canada restated an “outperform” rating and set a $36.00 price target (down previously from $37.00) on shares of Parsley Energy in a research report on Sunday, November 12th. J P Morgan Chase & Co reduced their price objective on Parsley Energy from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 26th. Zacks Investment Research raised Parsley Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Imperial Capital raised their target price on Parsley Energy from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have assigned a buy rating to the stock. Parsley Energy has an average rating of “Buy” and a consensus target price of $40.23.
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Parsley Energy Company 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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