Allianz Asset Management GmbH lowered its position in shares of Parsley Energy, Inc. (NYSE:PE) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,077,769 shares of the oil and natural gas company’s stock after selling 97,922 shares during the quarter. Allianz Asset Management GmbH owned 0.34% of Parsley Energy worth $28,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of PE. Apollo Management Holdings L.P. bought a new stake in shares of Parsley Energy in the 2nd quarter worth approximately $414,418,000. Victory Capital Management Inc. raised its holdings in shares of Parsley Energy by 250.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,264,371 shares of the oil and natural gas company’s stock worth $201,586,000 after purchasing an additional 5,194,292 shares during the period. FMR LLC raised 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 during the period. Boston Partners raised 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 during the period. Finally, Third Point LLC raised its holdings in shares of Parsley Energy by 80.0% in the 2nd quarter. Third Point LLC now owns 4,500,000 shares of the oil and natural gas company’s stock worth $124,875,000 after purchasing an additional 2,000,000 shares during the period. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the stock. Northland Securities reaffirmed a “buy” rating and issued a $40.00 price target on shares of Parsley Energy in a report on Friday, November 10th. ValuEngine lowered shares of Parsley Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Stifel Nicolaus set a $46.00 price objective on shares of Parsley Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. KeyCorp reiterated a “buy” rating and issued a $39.00 price objective on shares of Parsley Energy in a research note on Tuesday, September 19th. Finally, J P Morgan Chase & Co reduced their price objective on shares of Parsley Energy from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-three have issued a buy rating to the company. Parsley Energy presently has a consensus rating of “Buy” and an average price target of $40.05.

Parsley Energy, Inc. (NYSE PE) traded up $0.58 on Monday, hitting $26.68. 1,876,567 shares of the stock were exchanged, compared to its average volume of 4,810,220. The stock has a market cap of $8,380.00, a price-to-earnings ratio of 68.68 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 12-month low of $22.98 and a 12-month high of $38.18.

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 firm had revenue of $241.02 million during the quarter, compared to analyst estimates of $234.58 million. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The business’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 EPS. research analysts forecast that Parsley Energy, Inc. will post 0.49 earnings per share for the current year.

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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.

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

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