Parsley Energy Inc (PE) Position Lifted by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY increased its position in Parsley Energy Inc (NYSE:PE) by 36.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 136,195 shares of the oil and natural gas company’s stock after buying an additional 36,531 shares during the period. Miller Howard Investments Inc. NY’s holdings in Parsley Energy were worth $3,984,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PE. Dimensional Fund Advisors LP boosted its holdings in Parsley Energy by 8.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,439 shares of the oil and natural gas company’s stock worth $37,671,000 after buying an additional 104,789 shares during the period. Stifel Financial Corp boosted its holdings in Parsley Energy by 71.1% in the 1st quarter. Stifel Financial Corp now owns 27,065 shares of the oil and natural gas company’s stock worth $788,000 after buying an additional 11,244 shares during the period. Principal Financial Group Inc. boosted its holdings in Parsley Energy by 62.9% in the 1st quarter. Principal Financial Group Inc. now owns 28,970 shares of the oil and natural gas company’s stock worth $840,000 after buying an additional 11,187 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Parsley Energy by 21.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,923 shares of the oil and natural gas company’s stock worth $345,000 after buying an additional 2,124 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in Parsley Energy by 62.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 15,422 shares of the oil and natural gas company’s stock worth $447,000 after buying an additional 5,940 shares during the period. 84.13% of the stock is owned by institutional investors.

Shares of NYSE PE opened at $23.09 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $7.74 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 0.50 and a beta of -0.56. Parsley Energy Inc has a 12-month low of $21.12 and a 12-month high of $33.43.



Parsley Energy (NYSE:PE) last announced its earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $467.79 million for the quarter, compared to analysts’ expectations of $431.02 million. Parsley Energy had a net margin of 16.89% and a return on equity of 5.25%. As a group, sell-side analysts expect that Parsley Energy Inc will post 1.62 EPS for the current year.

In related news, insider Mike Hinson sold 250,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 663,978 shares of the company’s stock, valued at approximately $20,078,694.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bryan Sheffield sold 2,500,000 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $28.15, for a total transaction of $70,375,000.00. Following the completion of the sale, the insider now directly owns 9,033,063 shares in the company, valued at $254,280,723.45. The disclosure for this sale can be found here. Insiders have sold a total of 2,763,328 shares of company stock worth $78,318,180 over the last 90 days. Corporate insiders own 13.17% of the company’s stock.

PE has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Parsley Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Ifs Securities assumed coverage on shares of Parsley Energy in a report on Monday. They set a “strong-buy” rating for the company. KLR Group reissued a “buy” rating and set a $43.00 price objective on shares of Parsley Energy in a report on Monday, August 20th. Jefferies Financial Group increased their price objective on shares of Parsley Energy from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, August 14th. Finally, Williams Capital set a $36.00 price objective on shares of Parsley Energy and gave the company a “hold” rating in a report on Monday, August 20th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.62.

Parsley Energy Company 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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