KCG Holdings Inc. lowered its position in Parsley Energy, Inc. (NYSE:PE) by 4.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 16,739 shares of the oil and natural gas company’s stock after selling 830 shares during the period. KCG Holdings Inc.’s holdings in Parsley Energy were worth $544,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. King Luther Capital Management Corp boosted its stake in shares of Parsley Energy by 39.3% in the first quarter. King Luther Capital Management Corp now owns 62,571 shares of the oil and natural gas company’s stock worth $2,034,000 after buying an additional 17,646 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Parsley Energy by 6,471.4% in the first quarter. BlackRock Inc. now owns 11,215,157 shares of the oil and natural gas company’s stock worth $364,606,000 after buying an additional 11,044,492 shares during the last quarter. Morgan Stanley boosted its stake in shares of Parsley Energy by 26.2% in the first quarter. Morgan Stanley now owns 464,465 shares of the oil and natural gas company’s stock worth $15,100,000 after buying an additional 96,407 shares during the last quarter. UBS Group AG boosted its stake in shares of Parsley Energy by 146.5% in the first quarter. UBS Group AG now owns 512,412 shares of the oil and natural gas company’s stock worth $16,658,000 after buying an additional 304,529 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Parsley Energy by 52.8% in the first quarter. Geode Capital Management LLC now owns 1,697,303 shares of the oil and natural gas company’s stock worth $55,158,000 after buying an additional 586,670 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Parsley Energy, Inc. (NYSE:PE) traded up 3.24% on Friday, hitting $26.12. 7,636,042 shares of the stock were exchanged. The company has a 50 day moving average of $27.82 and a 200 day moving average of $30.65. Parsley Energy, Inc. has a one year low of $25.07 and a one year high of $39.82. The stock has a market capitalization of $6.42 billion, a P/E ratio of 145.92 and a beta of -0.09.

Parsley Energy (NYSE:PE) last announced its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Parsley Energy had a return on equity of 2.06% and a net margin of 5.23%. The business had revenue of $213.68 million for the quarter, compared to analyst estimates of $216.54 million. During the same quarter in the previous year, the company posted $0.04 EPS. The business’s revenue for the quarter was up 99.9% compared to the same quarter last year. On average, equities research analysts forecast that Parsley Energy, Inc. will post $0.58 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “KCG Holdings Inc. Sells 830 Shares of Parsley Energy, Inc. (NYSE:PE)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/04/kcg-holdings-inc-cuts-position-in-parsley-energy-inc-nysepe-updated-updated-updated.html.

A number of brokerages recently weighed in on PE. Williams Capital set a $39.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a report on Thursday. BidaskClub raised shares of Parsley Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research raised shares of Parsley Energy from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Citigroup Inc. set a $50.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Bank of America Corporation started coverage on shares of Parsley Energy in a research note on Wednesday, July 19th. They issued a “buy” rating and a $37.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $40.44.

In other Parsley Energy news, insider Bryan Sheffield sold 1,687,500 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $31.42, for a total transaction of $53,021,250.00. Following the sale, the insider now directly owns 12,059,224 shares of the company’s stock, valued at $378,900,818.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Colin Roberts sold 3,400 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $30.00, for a total transaction of $102,000.00. Following the sale, the insider now directly owns 229,326 shares in the company, valued at $6,879,780. The disclosure for this sale can be found here. Insiders have sold 1,720,900 shares of company stock valued at $54,100,050 in the last 90 days. 15.51% of the stock is currently owned by corporate insiders.

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.

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

Receive News & Stock Ratings for Parsley Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsley Energy Inc. and related stocks with our FREE daily email newsletter.