Parsley Energy Inc. (NYSE:PE) insider Mike Hinson sold 25,000 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $34.05, for a total value of $851,250.00. Following the transaction, the insider now owns 471,653 shares in the company, valued at $16,059,784.65. The sale was disclosed in a document filed with the SEC, which is available at this link.

Mike Hinson also recently made the following trade(s):

  • On Friday, October 21st, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $36.04, for a total value of $901,000.00.
  • On Wednesday, October 5th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $35.13, for a total value of $878,250.00.
  • On Monday, September 12th, Mike Hinson sold 25,000 shares of Parsley Energy stock. The shares were sold at an average price of $33.65, for a total value of $841,250.00.

Shares of Parsley Energy Inc. (NYSE:PE) traded down 1.18% during mid-day trading on Thursday, reaching $35.10. The company’s stock had a trading volume of 442,836 shares. Parsley Energy Inc. has a 52-week low of $14.51 and a 52-week high of $37.20. The company has a 50-day moving average price of $34.42 and a 200 day moving average price of $30.05. The company’s market cap is $6.01 billion.

Parsley Energy (NYSE:PE) last released its earnings results on Wednesday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Parsley Energy had a positive return on equity of 0.24% and a negative net margin of 15.86%. The firm earned $132.67 million during the quarter, compared to analysts’ expectations of $82.30 million. During the same quarter last year, the business posted ($0.08) earnings per share. The firm’s revenue was up 106.6% on a year-over-year basis. Equities analysts expect that Parsley Energy Inc. will post $0.09 earnings per share for the current year.

Insider Buying and Selling by Quarter for Parsley Energy (NYSE:PE)

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Parsley Energy by 37.3% in the second quarter. Vanguard Group Inc. now owns 10,665,055 shares of the company’s stock valued at $288,596,000 after buying an additional 2,895,325 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Parsley Energy by 50.6% in the second quarter. TIAA CREF Investment Management LLC now owns 5,485,699 shares of the company’s stock valued at $148,443,000 after buying an additional 1,843,378 shares in the last quarter. FMR LLC boosted its stake in Parsley Energy by 37.9% in the second quarter. FMR LLC now owns 5,149,001 shares of the company’s stock valued at $139,332,000 after buying an additional 1,414,784 shares in the last quarter. Teachers Advisors Inc. boosted its stake in Parsley Energy by 66.3% in the second quarter. Teachers Advisors Inc. now owns 3,519,389 shares of the company’s stock valued at $95,235,000 after buying an additional 1,402,998 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Parsley Energy by 706.8% in the third quarter. First Trust Advisors LP now owns 1,524,747 shares of the company’s stock valued at $51,094,000 after buying an additional 1,335,760 shares in the last quarter. Hedge funds and other institutional investors own 84.75% of the company’s stock.

Several brokerages have recently issued reports on PE. Zacks Investment Research raised Parsley Energy from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Wednesday, October 12th. Macquarie lowered Parsley Energy from an “outperform” rating to a “neutral” rating and raised their target price for the company from $36.00 to $38.00 in a research report on Wednesday, October 12th. Stifel Nicolaus lifted their price objective on Parsley Energy from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Wunderlich lifted their price objective on Parsley Energy from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Parsley Energy from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, August 15th. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $31.79.

About Parsley Energy

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. The Permian Basin is located in West Texas and Southeastern New Mexico and comprises over three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.

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