Parsley Energy Inc (NYSE:PE) Holdings Lifted by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV boosted its position in Parsley Energy Inc (NYSE:PE) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,007 shares of the oil and natural gas company’s stock after buying an additional 954 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Parsley Energy were worth $425,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc grew its position in shares of Parsley Energy by 4.0% during the third quarter. Vanguard Group Inc now owns 23,467,865 shares of the oil and natural gas company’s stock worth $686,436,000 after acquiring an additional 901,815 shares during the last quarter. DNB Asset Management AS grew its position in shares of Parsley Energy by 8.6% during the fourth quarter. DNB Asset Management AS now owns 30,191 shares of the oil and natural gas company’s stock worth $482,000 after acquiring an additional 2,400 shares during the last quarter. Bank of Montreal Can grew its position in shares of Parsley Energy by 125.5% during the fourth quarter. Bank of Montreal Can now owns 373,074 shares of the oil and natural gas company’s stock worth $5,961,000 after acquiring an additional 207,667 shares during the last quarter. Tributary Capital Management LLC bought a new position in shares of Parsley Energy during the fourth quarter worth about $37,000. Finally, Strs Ohio grew its position in shares of Parsley Energy by 51.9% during the fourth quarter. Strs Ohio now owns 17,341 shares of the oil and natural gas company’s stock worth $277,000 after acquiring an additional 5,927 shares during the last quarter. 83.23% of the stock is currently owned by institutional investors and hedge funds.

In other Parsley Energy news, insider Colin Roberts sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $20.00, for a total transaction of $60,000.00. Following the completion of the sale, the insider now owns 271,926 shares of the company’s stock, valued at $5,438,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bryan Sheffield sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $20.24, for a total value of $2,024,000.00. Following 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. Corporate insiders own 12.14% of the company’s stock.

NYSE:PE traded down $0.40 during mid-day trading on Friday, reaching $17.05. The stock had a trading volume of 3,261,500 shares, compared to its average volume of 5,353,270. Parsley Energy Inc has a fifty-two week low of $14.17 and a fifty-two week high of $33.25. The company has a market capitalization of $5.36 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.43 and a current ratio of 0.43.

Parsley Energy (NYSE:PE) last released its quarterly earnings data on Wednesday, May 1st. The oil and natural gas company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Parsley Energy had a return on equity of 6.05% and a net margin of 14.09%. The firm had revenue of $427.67 million during the quarter, compared to analyst estimates of $410.04 million. During the same quarter in the prior year, the company posted $0.31 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts forecast that Parsley Energy Inc will post 1.6 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Parsley Energy from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Monday, April 8th. ValuEngine raised shares of Parsley Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 18th. Williams Capital reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Parsley Energy in a report on Thursday, May 2nd. TD Securities reduced 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, Northland Securities reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Parsley Energy in a report on Friday, February 22nd. One equities 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 given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.87.

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Parsley Energy Profile

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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