Janney Capital Management LLC Has $321,000 Stake in Parsley Energy Inc (PE)

Janney Capital Management LLC lifted its position in Parsley Energy Inc (NYSE:PE) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,631 shares of the oil and natural gas company’s stock after acquiring an additional 1,015 shares during the quarter. Janney Capital Management LLC’s holdings in Parsley Energy were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PE. Nippon Life Global Investors Americas Inc. grew its position in Parsley Energy by 24.5% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 302,050 shares of the oil and natural gas company’s stock worth $4,827,000 after purchasing an additional 59,360 shares during the last quarter. Bain Capital Credit LP acquired a new stake in Parsley Energy during the 4th quarter valued at approximately $2,016,000. Norges Bank acquired a new stake in Parsley Energy during the 4th quarter valued at approximately $34,928,000. S&CO Inc. lifted its stake in Parsley Energy by 46.8% during the 1st quarter. S&CO Inc. now owns 346,620 shares of the oil and natural gas company’s stock valued at $6,690,000 after acquiring an additional 110,548 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Parsley Energy by 64.6% during the 3rd quarter. Nordea Investment Management AB now owns 9,540 shares of the oil and natural gas company’s stock valued at $279,000 after acquiring an additional 3,745 shares during the period. Hedge funds and other institutional investors own 86.17% of the company’s stock.

Parsley Energy stock traded up $0.15 during mid-day trading on Friday, hitting $18.40. The company had a trading volume of 6,187,323 shares, compared to its average volume of 5,527,664. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $6.58 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.36 and a beta of 0.41. Parsley Energy Inc has a 1 year low of $14.17 and a 1 year high of $33.25.

Parsley Energy (NYSE:PE) last announced its earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $427.67 million for the quarter, compared to analysts’ expectations of $410.04 million. Parsley Energy had a return on equity of 6.05% and a net margin of 14.09%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. As a group, research analysts expect that Parsley Energy Inc will post 1.62 earnings per share for the current fiscal year.

In related news, insider Colin Roberts sold 3,500 shares of Parsley Energy stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $18.73, for a total value of $65,555.00. Following the transaction, the insider now directly owns 274,926 shares in the company, valued at approximately $5,149,363.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bryan Sheffield sold 100,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $20.24, for a total value of $2,024,000.00. Following the completion of the sale, the insider now directly owns 8,801,632 shares of the company’s stock, valued at approximately $178,145,031.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,227 shares of company stock worth $2,918,584. 12.14% of the stock is currently owned by insiders.

A number of research firms have recently issued reports on PE. Zacks Investment Research lowered shares of Parsley Energy from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. ValuEngine raised shares of Parsley Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 18th. TD Securities dropped their price objective on shares of Parsley Energy from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Williams Capital reissued a “hold” rating and issued a $22.00 price objective on shares of Parsley Energy in a report on Monday, February 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $30.87.

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About Parsley Energy

Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe.

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

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