Schwab Charles Investment Management Inc. increased its position in Parsley Energy Inc (NYSE:PE) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 721,002 shares of the oil and natural gas company’s stock after purchasing an additional 37,867 shares during the period. Schwab Charles Investment Management Inc. owned 0.23% of Parsley Energy worth $18,992,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of PE. Advisor Group Inc. boosted 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 worth $113,000 after acquiring an additional 781 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted 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 worth $193,000 after acquiring an additional 735 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Parsley Energy in the third quarter worth $196,000. Trexquant Investment LP bought a new stake in Parsley Energy in the third quarter worth $206,000. Finally, Teacher Retirement System of Texas bought a new stake in Parsley Energy in the third quarter worth $209,000. 80.16% of the stock is currently owned by institutional investors.
Shares of Parsley Energy Inc (NYSE PE) traded down $0.19 on Thursday, reaching $29.12. The company’s stock had a trading volume of 9,862,757 shares, compared to its average volume of 4,445,419. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $9,150.00, a PE ratio of 416.00 and a beta of -0.05. Parsley Energy Inc has a fifty-two week low of $22.98 and a fifty-two week high of $37.72.
Parsley Energy (NYSE:PE) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $241.02 million during the quarter, compared to analysts’ expectations of $234.58 million. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The business’s quarterly revenue was up 81.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. equities research analysts forecast that Parsley Energy Inc will post 0.5 EPS for the current year.
PE has been the topic of several analyst reports. Zacks Investment Research downgraded Parsley Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Credit Suisse Group began coverage on Parsley Energy in a report on Monday, December 11th. They set an “outperform” rating and a $32.00 price target on the stock. Citigroup lowered their price target on Parsley Energy from $51.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, October 13th. Northland Securities set a $36.00 price target on Parsley Energy and gave the company a “buy” rating in a report on Monday, December 11th. Finally, JPMorgan Chase & Co. lowered their price target on Parsley Energy from $44.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-three have given a buy rating to the stock. Parsley Energy presently has a consensus rating of “Buy” and an average target price of $39.27.
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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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