Schwab Charles Investment Management Inc. increased its position in Parsley Energy, Inc. (NYSE:PE) by 5.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 721,002 shares of the oil and natural gas company’s stock after purchasing an additional 37,867 shares during the period. Schwab Charles Investment Management Inc. owned about 0.23% of Parsley Energy worth $18,992,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Jupiter Asset Management Ltd. boosted its stake in Parsley Energy by 16.8% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 166,145 shares of the oil and natural gas company’s stock worth $4,376,000 after purchasing an additional 23,880 shares during the period. Investec Asset Management LTD boosted its stake in Parsley Energy by 79.5% in the 3rd quarter. Investec Asset Management LTD now owns 534,216 shares of the oil and natural gas company’s stock worth $14,071,000 after purchasing an additional 236,657 shares during the period. Amalgamated Bank boosted its stake in shares of Parsley Energy by 5.5% during the 3rd quarter. Amalgamated Bank now owns 42,989 shares of the oil and natural gas company’s stock valued at $1,132,000 after buying an additional 2,258 shares during the period. Cadence Capital Management LLC acquired a new stake in shares of Parsley Energy during the 3rd quarter valued at $230,000. Finally, Third Point LLC boosted its stake in shares of Parsley Energy by 18.9% during the 3rd quarter. Third Point LLC now owns 5,350,000 shares of the oil and natural gas company’s stock valued at $140,919,000 after buying an additional 850,000 shares during the period. 80.16% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on PE. Robert W. Baird began coverage on shares of Parsley Energy in a research note on Tuesday. They set an “outperform” rating and a $33.00 target price for the company. J P Morgan Chase & Co decreased their target price 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. Northland Securities set a $36.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a research note on Monday, December 11th. BMO Capital Markets set a $35.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus set a $46.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.17.

Parsley Energy, Inc. (PE) opened at $26.84 on Wednesday. The firm has a market cap of $8,397.28, a price-to-earnings ratio of 70.29 and a beta of -0.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. Parsley Energy, Inc. has a twelve month low of $22.98 and a twelve month high of $37.72.

Parsley Energy (NYSE:PE) last released its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $241.02 million for the quarter, compared to the consensus estimate of $234.58 million. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. Parsley Energy’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. sell-side analysts forecast that Parsley Energy, Inc. will post 0.5 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.

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

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