Cider Mill Investments LP grew its stake in shares of Parsley Energy Inc (NYSE:PE) by 37.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,100 shares of the oil and natural gas company’s stock after purchasing an additional 40,307 shares during the quarter. Parsley Energy accounts for 1.8% of Cider Mill Investments LP’s investment portfolio, making the stock its 23rd biggest position. Cider Mill Investments LP’s holdings in Parsley Energy were worth $4,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the business. Assetmark Inc. lifted its stake in shares of Parsley Energy by 417.5% in the fourth quarter. Assetmark Inc. now owns 3,550 shares of the oil and natural gas company’s stock worth $105,000 after acquiring an additional 2,864 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Parsley Energy in the fourth quarter worth about $128,000. American International Group Inc. acquired a new position in shares of Parsley Energy in the fourth quarter worth about $155,000. Trexquant Investment LP acquired a new position in shares of Parsley Energy in the third quarter worth about $206,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Parsley Energy in the third quarter worth about $209,000. Institutional investors own 82.60% of the company’s stock.
PE has been the topic of several recent analyst reports. BMO Capital Markets set a $35.00 price target on Parsley Energy and gave the stock a “buy” rating in a research note on Tuesday, November 14th. JPMorgan Chase & Co. cut their price target on Parsley Energy from $44.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Barclays boosted their price target on Parsley Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Scotiabank reiterated a “buy” rating and issued a $38.00 price target on shares of Parsley Energy in a research note on Wednesday, November 22nd. Finally, 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company. Parsley Energy has a consensus rating of “Buy” and a consensus price target of $35.83.
Shares of Parsley Energy Inc (PE) opened at $26.77 on Tuesday. Parsley Energy Inc has a one year low of $21.12 and a one year high of $33.07. The stock has a market capitalization of $8,420.00, a P/E ratio of 107.08, a price-to-earnings-growth ratio of 1.21 and a beta of -0.39. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.37.
Parsley Energy (NYSE:PE) last posted its earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.13. The company had revenue of $311.49 million during the quarter, compared to analyst estimates of $298.04 million. Parsley Energy had a return on equity of 3.10% and a net margin of 11.04%. The business’s revenue was up 99.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 earnings per share. equities research analysts expect that Parsley Energy Inc will post 1.23 EPS for the current fiscal year.
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About Parsley Energy
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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