KBC Group NV reduced its holdings in Parsley Energy, Inc. (NYSE:PE) by 37.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,798 shares of the oil and natural gas company’s stock after selling 91,201 shares during the quarter. KBC Group NV’s holdings in Parsley Energy were worth $3,972,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in PE. Metropolitan Life Insurance Co. NY increased its stake 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 purchasing an additional 735 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Parsley Energy by 2,252.9% during the second quarter. Nisa Investment Advisors LLC now owns 12,000 shares of the oil and natural gas company’s stock worth $335,000 after acquiring an additional 11,490 shares during the last quarter. Aperio Group LLC increased its stake in Parsley Energy by 76.1% during the second quarter. Aperio Group LLC now owns 39,278 shares of the oil and natural gas company’s stock worth $1,090,000 after acquiring an additional 16,973 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Parsley Energy by 548.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 38,067 shares of the oil and natural gas company’s stock worth $1,056,000 after acquiring an additional 32,194 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Parsley Energy during the second quarter worth about $1,232,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.
Parsley Energy, Inc. (PE) traded up $0.35 during mid-day trading on Friday, hitting $25.69. The stock had a trading volume of 2,644,600 shares, compared to its average volume of 4,816,790. 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 fifty-two week low of $22.98 and a fifty-two week high of $38.18. The firm has a market capitalization of $8,290.00, a price-to-earnings ratio of 66.68 and a beta of -0.05.
Parsley Energy (NYSE:PE) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The business had revenue of $241.02 million during the quarter, compared to analyst estimates of $234.58 million. During the same quarter last year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was up 81.8% compared to the same quarter last year. research analysts expect that Parsley Energy, Inc. will post 0.49 EPS for the current fiscal year.
Several brokerages have commented on PE. Northland Securities restated a “buy” rating and set a $40.00 price target on shares of Parsley Energy in a research note on Friday, November 10th. Royal Bank Of Canada restated an “outperform” rating and set a $36.00 price target (down from $37.00) on shares of Parsley Energy in a research note on Sunday, November 12th. J P Morgan Chase & Co dropped their price target on Parsley Energy from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Parsley Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Imperial Capital upped their price target 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 research analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target 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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