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Parsley Energy (NYSE:PE) major shareholder Bryan Sheffield unloaded 1,909,091 shares of Parsley Energy stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $17.48, for a total value of $33,370,910.68. Following the sale, the insider now directly owns 22,716,573 shares in the company, valued at approximately $397,085,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Parsley Energy (NYSE:PE) traded up 2.31% during mid-day trading on Monday, hitting $24.32. 1,146,776 shares of the company’s stock traded hands. Parsley Energy has a 1-year low of $21.19 and a 1-year high of $24.18. The stock has a 50-day moving average of $23.1 and a 200-day moving average of $23.1. The company’s market cap is $2.717 billion.

Parsley Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin.

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