Teachers Advisors LLC raised its holdings in Parsley Energy Inc (NYSE:PE) by 34.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,101,167 shares of the oil and natural gas company’s stock after purchasing an additional 1,578,132 shares during the quarter. Teachers Advisors LLC owned 1.94% of Parsley Energy worth $179,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Raymond James & Associates grew its stake in Parsley Energy by 17.2% in the 4th quarter. Raymond James & Associates now owns 508,774 shares of the oil and natural gas company’s stock valued at $14,978,000 after purchasing an additional 74,726 shares during the period. Luminus Management LLC grew its stake in Parsley Energy by 113.7% in the 4th quarter. Luminus Management LLC now owns 900,000 shares of the oil and natural gas company’s stock valued at $26,496,000 after purchasing an additional 478,800 shares during the period. Cramer Rosenthal Mcglynn LLC bought a new position in Parsley Energy in the 4th quarter valued at $16,918,000. Ellington Management Group LLC bought a new position in Parsley Energy in the 4th quarter valued at $330,000. Finally, Kelly Lawrence W & Associates Inc. CA grew its stake in shares of Parsley Energy by 4.0% during the 4th quarter. Kelly Lawrence W & Associates Inc. CA now owns 449,833 shares of the oil and natural gas company’s stock worth $13,243,000 after acquiring an additional 17,100 shares during the period. Hedge funds and other institutional investors own 82.60% of the company’s stock.
PE has been the subject of several research reports. Credit Suisse Group set a $38.00 price target on Parsley Energy and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Piper Jaffray Companies reiterated a “buy” rating and set a $41.00 price target on shares of Parsley Energy in a research note on Tuesday, January 9th. Stifel Nicolaus set a $49.00 price target on Parsley Energy and gave the stock a “buy” rating in a research note on Monday, January 29th. Northland Securities set a $36.00 price target on Parsley Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Scotiabank reiterated a “buy” rating and set a $38.00 price target on shares of Parsley Energy in a research note on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Parsley Energy presently has an average rating of “Buy” and an average target price of $35.83.
Parsley Energy (NYSE:PE) last issued its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The business had revenue of $311.49 million for the quarter, compared to analysts’ expectations of $298.04 million. Parsley Energy had a return on equity of 3.10% and a net margin of 11.04%. The firm’s quarterly revenue was up 99.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. analysts expect that Parsley Energy Inc will post 1.23 earnings per share for the current fiscal year.
In other Parsley Energy news, insider Bryan Sheffield purchased 189,500 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $26.34 per share, with a total value of $4,991,430.00. Following the acquisition, the insider now directly owns 11,533,063 shares in the company, valued at approximately $303,780,879.42. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ron Brokmeyer purchased 2,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was acquired at an average cost of $25.66 per share, for a total transaction of $51,320.00. Following the acquisition, the director now owns 112,128 shares in the company, valued at $2,877,204.48. The disclosure for this purchase can be found here. Corporate insiders own 15.51% of the company’s stock.
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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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