Parsley Energy Inc (PE) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group boosted its holdings in shares of Parsley Energy Inc (NYSE:PE) by 58.7% during the third quarter, HoldingsChannel.com reports. The firm owned 2,646,533 shares of the oil and natural gas company’s stock after acquiring an additional 978,383 shares during the quarter. Schroder Investment Management Group’s holdings in Parsley Energy were worth $77,411,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PE. BlackRock Inc. boosted its position in Parsley Energy by 18.7% during the 2nd quarter. BlackRock Inc. now owns 13,439,196 shares of the oil and natural gas company’s stock valued at $406,938,000 after acquiring an additional 2,112,853 shares in the last quarter. Eagle Asset Management Inc. boosted its position in Parsley Energy by 2,702.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,153,221 shares of the oil and natural gas company’s stock valued at $62,981,000 after acquiring an additional 2,076,385 shares in the last quarter. Morgan Stanley boosted its position in Parsley Energy by 708.6% during the 2nd quarter. Morgan Stanley now owns 2,163,584 shares of the oil and natural gas company’s stock valued at $65,515,000 after acquiring an additional 1,896,011 shares in the last quarter. Millennium Management LLC boosted its position in Parsley Energy by 37.7% during the 2nd quarter. Millennium Management LLC now owns 5,783,131 shares of the oil and natural gas company’s stock valued at $175,113,000 after acquiring an additional 1,583,137 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Parsley Energy by 20.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,895,147 shares of the oil and natural gas company’s stock valued at $208,786,000 after acquiring an additional 1,156,137 shares in the last quarter. Institutional investors own 87.91% of the company’s stock.

Several research firms have weighed in on PE. Stifel Nicolaus reaffirmed a “buy” rating and set a $57.00 price objective on shares of Parsley Energy in a research report on Wednesday, October 24th. Williams Capital set a $38.00 price objective on Parsley Energy and gave the company a “hold” rating in a research report on Wednesday, August 8th. Piper Jaffray Companies reissued a “buy” rating and issued a $47.00 price target on shares of Parsley Energy in a research report on Thursday, August 16th. Wells Fargo & Co began coverage on Parsley Energy in a research report on Wednesday, October 24th. They issued an “outperform” rating and a $47.00 price target on the stock. Finally, Zacks Investment Research cut Parsley Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.32.

In other Parsley Energy news, Director Hemang Desai acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were acquired at an average cost of $27.32 per share, with a total value of $27,320.00. Following the transaction, the director now owns 31,886 shares of the company’s stock, valued at approximately $871,125.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bryan Sheffield sold 2,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $28.15, for a total value of $70,375,000.00. Following the completion of the transaction, the insider now directly owns 9,033,063 shares in the company, valued at $254,280,723.45. The disclosure for this sale can be found here. Corporate insiders own 13.17% of the company’s stock.

PE stock opened at $20.66 on Monday. The company has a market capitalization of $6.54 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 0.44 and a beta of -0.13. Parsley Energy Inc has a 12-month low of $20.44 and a 12-month high of $33.43. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.35.

Parsley Energy (NYSE:PE) last released its quarterly earnings data on Thursday, November 1st. The oil and natural gas company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $493.44 million. Parsley Energy had a return on equity of 6.77% and a net margin of 21.70%. The firm’s quarterly revenue was up 112.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS. As a group, analysts forecast that Parsley Energy Inc will post 1.61 EPS for the current year.

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About Parsley Energy

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.

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

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