Alliancebernstein L.P. increased its holdings in shares of Parsley Energy, Inc. (NYSE:PE) by 11.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,513,434 shares of the oil and natural gas company’s stock after buying an additional 150,143 shares during the quarter. Alliancebernstein L.P. owned about 0.61% of Parsley Energy worth $41,998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PE. Profund Advisors LLC lifted its position in Parsley Energy by 27.0% during the first quarter. Profund Advisors LLC now owns 10,079 shares of the oil and natural gas company’s stock worth $328,000 after buying an additional 2,140 shares during the period. ProShare Advisors LLC lifted its position in Parsley Energy by 52.2% during the first quarter. ProShare Advisors LLC now owns 19,869 shares of the oil and natural gas company’s stock worth $646,000 after buying an additional 6,814 shares during the period. Shell Asset Management Co. lifted its position in Parsley Energy by 18.8% during the first quarter. Shell Asset Management Co. now owns 13,425 shares of the oil and natural gas company’s stock worth $436,000 after buying an additional 2,125 shares during the period. Spot Trading L.L.C. purchased a new position in Parsley Energy during the first quarter worth about $565,000. Finally, Great West Life Assurance Co. Can lifted its position in Parsley Energy by 22.0% during the first quarter. Great West Life Assurance Co. Can now owns 88,471 shares of the oil and natural gas company’s stock worth $2,874,000 after buying an additional 15,974 shares during the period. Hedge funds and other institutional investors own 98.71% of the company’s stock.

Several equities analysts recently weighed in on PE shares. Citigroup Inc. set a $50.00 target price on Parsley Energy and gave the stock a “buy” rating in a research report on Friday, July 21st. Williams Capital upgraded Parsley Energy from a “hold” rating to a “buy” rating and reduced their target price for the stock from $39.00 to $37.00 in a research report on Monday, June 12th. Bank of America Corporation started coverage on Parsley Energy in a research report on Wednesday, July 19th. They set a “buy” rating and a $37.00 target price on the stock. Zacks Investment Research downgraded Parsley Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 15th. Finally, Northland Securities set a $43.00 target price on Parsley Energy and gave the stock a “buy” rating in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.64.

Shares of Parsley Energy, Inc. (NYSE PE) opened at 25.64 on Friday. The stock has a 50 day moving average price of $25.43 and a 200-day moving average price of $28.72. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 143.24 and a beta of -0.07. Parsley Energy, Inc. has a 1-year low of $22.98 and a 1-year high of $39.82.

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

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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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