Parsley Energy, Inc. (PE) Position Reduced by Marshall Wace North America L.P.
Marshall Wace North America L.P. lowered its position in shares of Parsley Energy, Inc. (NYSE:PE) by 79.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,671 shares of the oil and natural gas company’s stock after selling 761,379 shares during the period. Marshall Wace North America L.P. owned approximately 0.08% of Parsley Energy worth $5,507,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Parsley Energy during the first quarter worth approximately $133,000. Creative Planning raised its stake in Parsley Energy by 4,425.0% in the first quarter. Creative Planning now owns 4,525 shares of the oil and natural gas company’s stock worth $147,000 after buying an additional 4,425 shares in the last quarter. Fortaleza Asset Management Inc. raised its stake in Parsley Energy by 50.3% in the first quarter. Fortaleza Asset Management Inc. now owns 4,540 shares of the oil and natural gas company’s stock worth $148,000 after buying an additional 1,520 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Parsley Energy by 6.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,716 shares of the oil and natural gas company’s stock worth $153,000 after buying an additional 300 shares in the last quarter. Finally, American International Group Inc. raised its stake in Parsley Energy by 3.8% in the first quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock worth $158,000 after buying an additional 180 shares in the last quarter. Institutional investors own 98.70% of the company’s stock.
Parsley Energy, Inc. (NYSE PE) opened at 24.37 on Wednesday. Parsley Energy, Inc. has a 1-year low of $23.87 and a 1-year high of $39.82. The firm’s 50-day moving average is $26.89 and its 200 day moving average is $29.38. The company has a market cap of $6.04 billion, a PE ratio of 136.15 and a beta of -0.09.
Parsley Energy (NYSE:PE) last issued its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.06. Parsley Energy had a return on equity of 1.70% 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 period last year, the business posted $0.04 EPS. Parsley Energy’s revenue was up 99.9% on a year-over-year basis. Analysts predict that Parsley Energy, Inc. will post $0.50 earnings per share for the current fiscal year.
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Several research analysts have commented on PE shares. Northland Securities set a $43.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a report on Monday, July 17th. BMO Capital Markets set a $40.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a report on Thursday, May 4th. UBS AG restated a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Parsley Energy in a report on Friday, May 5th. Barclays PLC decreased their price objective on shares of Parsley Energy from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, August 8th. Finally, BidaskClub lowered shares of Parsley Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $40.65.
In other news, insider Colin Roberts sold 3,400 shares of the firm’s stock in a transaction dated 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 owns 229,326 shares of the company’s stock, valued at approximately $6,879,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.51% of the stock is currently owned by company 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.
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