Profund Advisors LLC decreased its position in shares of Parsley Energy, Inc. (NYSE:PE) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,620 shares of the oil and natural gas company’s stock after selling 459 shares during the quarter. Profund Advisors LLC’s holdings in Parsley Energy were worth $267,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Parsley Energy by 47.3% in the first quarter. Vanguard Group Inc. now owns 18,418,741 shares of the oil and natural gas company’s stock valued at $598,793,000 after acquiring an additional 5,913,072 shares during the period. BlackRock Inc. lifted its holdings in Parsley Energy by 2.0% in the second quarter. BlackRock Inc. now owns 11,438,545 shares of the oil and natural gas company’s stock valued at $317,419,000 after acquiring an additional 223,388 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Parsley Energy by 1.6% in the second quarter. TIAA CREF Investment Management LLC now owns 8,113,863 shares of the oil and natural gas company’s stock valued at $225,160,000 after acquiring an additional 124,462 shares during the period. Victory Capital Management Inc. lifted its holdings in Parsley Energy by 250.9% in the second quarter. Victory Capital Management Inc. now owns 7,264,371 shares of the oil and natural gas company’s stock valued at $201,586,000 after acquiring an additional 5,194,292 shares during the period. Finally, FMR LLC lifted its holdings in Parsley Energy by 29.7% in the first quarter. FMR LLC now owns 7,198,268 shares of the oil and natural gas company’s stock valued at $234,016,000 after acquiring an additional 1,649,919 shares during the period. 77.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Parsley Energy, Inc. (PE) opened at 26.90 on Wednesday. The company’s 50 day moving average price is $25.67 and its 200 day moving average price is $28.14. The stock has a market capitalization of $6.66 billion, a PE ratio of 150.28 and a beta of -0.05. Parsley Energy, Inc. has a 12 month low of $22.98 and a 12 month high of $39.82.

Parsley Energy (NYSE:PE) last issued 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 the consensus estimate of $0.11 by ($0.06). The firm had revenue of $213.68 million for the quarter, compared to analyst estimates 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 for the quarter was up 99.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. Equities analysts anticipate that Parsley Energy, Inc. will post $0.49 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on PE. BidaskClub downgraded Parsley Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Northland Securities set a $43.00 price target on Parsley Energy and gave the company a “buy” rating in a report on Monday, August 21st. Barclays PLC decreased their price target on Parsley Energy from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, August 8th. Seaport Global Securities raised Parsley Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $30.00 to $32.00 in a report on Friday, August 11th. Finally, Citigroup Inc. set a $51.00 price target on Parsley Energy and gave the company a “buy” rating in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $40.87.

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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