Sumitomo Mitsui Trust Holdings Inc. Purchases 63,249 Shares of Parsley Energy Inc (PE)

Sumitomo Mitsui Trust Holdings Inc. increased its position in Parsley Energy Inc (NYSE:PE) by 9.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 701,727 shares of the oil and natural gas company’s stock after acquiring an additional 63,249 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Parsley Energy were worth $21,248,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Dallas Securities Inc. grew its position in shares of Parsley Energy by 178.4% during the 2nd quarter. First Dallas Securities Inc. now owns 20,600 shares of the oil and natural gas company’s stock worth $624,000 after buying an additional 13,200 shares during the period. Emerald Advisers Inc. PA grew its position in shares of Parsley Energy by 44.5% during the 2nd quarter. Emerald Advisers Inc. PA now owns 41,312 shares of the oil and natural gas company’s stock worth $1,251,000 after buying an additional 12,721 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Parsley Energy by 14.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 54,643 shares of the oil and natural gas company’s stock worth $1,655,000 after buying an additional 6,922 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Parsley Energy by 38.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 548,313 shares of the oil and natural gas company’s stock worth $16,603,000 after buying an additional 153,066 shares during the period. Finally, Broadview Advisors LLC grew its position in shares of Parsley Energy by 56.4% during the 2nd quarter. Broadview Advisors LLC now owns 263,450 shares of the oil and natural gas company’s stock worth $7,977,000 after buying an additional 95,025 shares during the period. 83.90% of the stock is owned by institutional investors.

Shares of NYSE:PE opened at $29.43 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.36. Parsley Energy Inc has a 1-year low of $21.12 and a 1-year high of $33.43. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 42.90 and a beta of -0.48.



Parsley Energy (NYSE:PE) last issued its quarterly earnings data on Tuesday, August 7th. The oil and natural gas company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Parsley Energy had a net margin of 16.89% and a return on equity of 5.25%. The company had revenue of $467.79 million for the quarter, compared to the consensus estimate of $431.02 million. sell-side analysts forecast that Parsley Energy Inc will post 1.69 earnings per share for the current year.

In other Parsley Energy news, insider Colin Roberts sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $30.21, for a total transaction of $302,100.00. Following the transaction, the insider now directly owns 224,600 shares in the company, valued at approximately $6,785,166. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mike Hinson sold 250,000 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $30.24, for a total value of $7,560,000.00. Following the transaction, the insider now owns 663,978 shares in the company, valued at $20,078,694.72. The disclosure for this sale can be found here. 13.17% of the stock is currently owned by company insiders.

Several analysts have recently commented on the stock. ValuEngine raised shares of Parsley Energy from a “sell” rating to a “hold” rating in a research report on Monday, June 18th. Williams Capital set a $38.00 target price on Parsley Energy and gave the stock a “hold” rating in a report on Wednesday, August 8th. Jefferies Financial Group set a $40.00 target price on Parsley Energy and gave the stock a “buy” rating in a report on Tuesday. National Alliance Securities upgraded Parsley Energy from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Finally, Zacks Investment Research cut Parsley Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Five investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $38.72.

Parsley Energy Profile

Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico. As of December 31, 2017, its acreage position consisted of 219,747 net acres, including 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net producing horizontal wells and 731.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 416.4 MMBoe.

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

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