15,147 Shares in Parsley Energy Inc (PE) Purchased by Sciencast Management LP

Sciencast Management LP acquired a new position in Parsley Energy Inc (NYSE:PE) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,147 shares of the oil and natural gas company’s stock, valued at approximately $452,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC lifted its holdings in shares of Parsley Energy by 67.0% in the 1st quarter. LS Investment Advisors LLC now owns 4,085 shares of the oil and natural gas company’s stock worth $118,000 after acquiring an additional 1,639 shares during the last quarter. American International Group Inc. raised its holdings in Parsley Energy by 38.1% during the 1st quarter. American International Group Inc. now owns 7,253 shares of the oil and natural gas company’s stock valued at $210,000 after buying an additional 2,000 shares during the last quarter. BP Capital Fund Advisors LLC raised its holdings in Parsley Energy by 1.1% during the 1st quarter. BP Capital Fund Advisors LLC now owns 190,030 shares of the oil and natural gas company’s stock valued at $5,509,000 after buying an additional 2,101 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Parsley Energy by 21.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 11,923 shares of the oil and natural gas company’s stock valued at $345,000 after buying an additional 2,124 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Parsley Energy by 7.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 31,421 shares of the oil and natural gas company’s stock valued at $911,000 after buying an additional 2,192 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

A number of equities research analysts recently commented on PE shares. Deutsche Bank lowered their price target on shares of Parsley Energy from $38.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Williams Capital set a $34.00 price target on shares of Parsley Energy and gave the company a “hold” rating in a report on Thursday, February 22nd. Imperial Capital upped their price target on shares of Parsley Energy from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $36.00 price target (down from $41.00) on shares of Parsley Energy in a report on Friday, March 2nd. Finally, UBS Group started coverage on shares of Parsley Energy in a report on Wednesday, March 7th. They set a “buy” rating and a $35.00 price target for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $37.87.

Shares of Parsley Energy stock opened at $26.95 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.37. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 0.55 and a beta of -0.51. Parsley Energy Inc has a 12-month low of $21.12 and a 12-month high of $33.43.

Parsley Energy (NYSE:PE) last issued its quarterly earnings data on Thursday, May 3rd. The oil and natural gas company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. The business had revenue of $392.70 million for the quarter, compared to the consensus estimate of $348.64 million. Parsley Energy had a net margin of 13.82% and a return on equity of 3.71%. The company’s quarterly revenue was up 95.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. analysts forecast that Parsley Energy Inc will post 1.67 earnings per share for the current year.

In other news, insider Colin Roberts sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the sale, the insider now directly owns 244,204 shares of the company’s stock, valued at approximately $7,714,404.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mike Hinson sold 41,681 shares of the company’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $31.95, for a total transaction of $1,331,707.95. Following the completion of the sale, the insider now directly owns 422,626 shares in the company, valued at $13,502,900.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,181 shares of company stock worth $1,859,783. Insiders own 13.17% of the company’s stock.

Parsley Energy Company Profile

Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico. As of December 31, 2017, its acreage position consisted of 219,747 net acres, including 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net producing horizontal wells and 731.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 416.4 MMBoe.

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

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