Van ECK Associates Corp lifted its position in Parsley Energy, Inc. (NYSE:PE) by 1.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,891,338 shares of the oil and natural gas company’s stock after purchasing an additional 75,905 shares during the quarter. Van ECK Associates Corp owned 1.87% of Parsley Energy worth $155,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Parsley Energy by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 19,016,423 shares of the oil and natural gas company’s stock worth $527,706,000 after purchasing an additional 597,682 shares in the last quarter. Boston Partners boosted its holdings in shares of Parsley Energy by 19.3% in the 3rd quarter. Boston Partners now owns 15,267,555 shares of the oil and natural gas company’s stock worth $402,148,000 after purchasing an additional 2,466,399 shares in the last quarter. Apollo Management Holdings L.P. purchased a new position in shares of Parsley Energy in the 2nd quarter worth about $414,418,000. BlackRock Inc. boosted its holdings in shares of Parsley Energy by 2.0% in the 2nd quarter. BlackRock Inc. now owns 11,438,545 shares of the oil and natural gas company’s stock worth $317,419,000 after purchasing an additional 223,388 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Parsley Energy by 40.2% in the 2nd quarter. FMR LLC now owns 10,091,313 shares of the oil and natural gas company’s stock worth $280,034,000 after purchasing an additional 2,893,045 shares in the last quarter. Hedge funds and other institutional investors own 78.70% of the company’s stock.

Parsley Energy, Inc. (NYSE PE) traded up $0.21 on Thursday, reaching $26.54. The company’s stock had a trading volume of 2,694,400 shares, compared to its average volume of 4,892,717. The company has a market cap of $8,340.00, a price-to-earnings ratio of 69.29 and a beta of -0.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92. Parsley Energy, Inc. has a fifty-two week low of $22.98 and a fifty-two week high of $39.82.

Parsley Energy (NYSE:PE) last released its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $241.02 million during the quarter, compared to analyst estimates of $234.58 million. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. Parsley Energy’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. analysts anticipate that Parsley Energy, Inc. will post 0.47 earnings per share for the current fiscal year.

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A number of research firms have recently issued reports on PE. BidaskClub cut Parsley Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Parsley Energy from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Williams Capital set a $39.00 price objective on Parsley Energy and gave the stock a “buy” rating in a report on Thursday, August 3rd. Northland Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Parsley Energy in a report on Friday, November 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $36.00 target price (down previously from $37.00) on shares of Parsley Energy in a research note on Sunday, November 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $40.23.

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

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