Dai Ichi Life Insurance Company Ltd reduced its stake in Parsley Energy, Inc. (NYSE:PE) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,360 shares of the oil and natural gas company’s stock after selling 9,182 shares during the period. Dai Ichi Life Insurance Company Ltd owned approximately 0.06% of Parsley Energy worth $3,978,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in Parsley Energy by 15.8% during the second quarter. Pacer Advisors Inc. now owns 40,202 shares of the oil and natural gas company’s stock valued at $1,116,000 after purchasing an additional 5,492 shares in the last quarter. Addison Capital Co raised its position in Parsley Energy by 7.9% during the second quarter. Addison Capital Co now owns 15,278 shares of the oil and natural gas company’s stock valued at $424,000 after purchasing an additional 1,114 shares in the last quarter. Prudential Financial Inc. raised its position in Parsley Energy by 5.5% during the first quarter. Prudential Financial Inc. now owns 10,970 shares of the oil and natural gas company’s stock valued at $357,000 after purchasing an additional 570 shares in the last quarter. Wellington Management Group LLP raised its position in Parsley Energy by 27.5% during the first quarter. Wellington Management Group LLP now owns 7,344,323 shares of the oil and natural gas company’s stock valued at $238,765,000 after purchasing an additional 1,583,529 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its position in Parsley Energy by 30.7% during the second quarter. State of Wisconsin Investment Board now owns 622,368 shares of the oil and natural gas company’s stock valued at $17,271,000 after purchasing an additional 146,170 shares in the last quarter. Institutional investors and hedge funds own 98.71% of the company’s stock.

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Shares of Parsley Energy, Inc. (NYSE:PE) opened at 24.04 on Tuesday. Parsley Energy, Inc. has a 52 week low of $22.98 and a 52 week high of $39.82. The company has a market cap of $5.95 billion, a PE ratio of 134.30 and a beta of -0.07. The company has a 50 day moving average of $25.94 and a 200 day moving average of $28.88.

Parsley Energy (NYSE:PE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.06. The company had revenue of $213.68 million for the quarter, compared to the consensus estimate of $216.54 million. Parsley Energy had a return on equity of 1.70% and a net margin of 5.23%. The business’s revenue was up 99.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 earnings per share. On average, analysts expect that Parsley Energy, Inc. will post $0.50 EPS for the current year.

PE has been the subject of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $46.00 price objective on shares of Parsley Energy in a research report on Sunday, September 3rd. Citigroup Inc. set a $50.00 price objective on shares of Parsley Energy and gave the company a “buy” rating in a research report on Friday, July 21st. ValuEngine downgraded shares of Parsley Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Northland Securities set a $43.00 price objective on shares of Parsley Energy and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, FBR & Co set a $42.00 price objective on shares of Parsley Energy and gave the company a “buy” rating in a research report on Thursday, June 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and twenty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $40.64.

Parsley Energy 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)

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