Employees Retirement System of Texas Sells 55,000 Shares of Parsley Energy Inc (PE)

Employees Retirement System of Texas reduced its holdings in Parsley Energy Inc (NYSE:PE) by 13.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 363,000 shares of the oil and natural gas company’s stock after selling 55,000 shares during the period. Employees Retirement System of Texas’ holdings in Parsley Energy were worth $10,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of PE. Advisor Group Inc. grew its stake in shares of Parsley Energy by 23.9% in the 2nd 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 in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Parsley Energy by 5.6% in the 2nd quarter. Janus Henderson Group PLC now owns 113,258 shares of the oil and natural gas company’s stock worth $3,143,000 after acquiring an additional 5,988 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Parsley Energy by 13.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,206 shares of the oil and natural gas company’s stock worth $228,000 after acquiring an additional 945 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Parsley Energy by 6.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 9,056 shares of the oil and natural gas company’s stock worth $251,000 after acquiring an additional 565 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in shares of Parsley Energy in the 2nd quarter worth about $216,000. 80.50% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $41.00 target price on shares of Parsley Energy in a report on Tuesday, January 9th. ValuEngine lowered shares of Parsley Energy from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Morgan Stanley raised their target price on shares of Parsley Energy from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Credit Suisse Group set a $38.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Williams Capital lowered shares of Parsley Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from $38.00 to $34.00 in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.00.

Shares of Parsley Energy Inc (NYSE PE) opened at $23.29 on Wednesday. Parsley Energy Inc has a twelve month low of $21.12 and a twelve month high of $33.07. The firm has a market cap of $7,375.52, a PE ratio of 291.16, a P/E/G ratio of 0.93 and a beta of -0.32. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25.

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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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Institutional Ownership by Quarter for Parsley Energy (NYSE:PE)

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