SPC Financial Inc. lifted its stake in shares of Parsley Energy Inc (NYSE:PE) by 77.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,515 shares of the oil and natural gas company’s stock after purchasing an additional 14,590 shares during the quarter. SPC Financial Inc.’s holdings in Parsley Energy were worth $637,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC lifted its position in shares of Parsley Energy by 30.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 544,354 shares of the oil and natural gas company’s stock worth $10,506,000 after buying an additional 125,987 shares during the last quarter. Fisher Asset Management LLC raised its position in Parsley Energy by 9.7% in the second quarter. Fisher Asset Management LLC now owns 935,051 shares of the oil and natural gas company’s stock valued at $17,775,000 after purchasing an additional 82,644 shares during the last quarter. Comerica Bank raised its position in Parsley Energy by 6.8% in the first quarter. Comerica Bank now owns 11,311 shares of the oil and natural gas company’s stock valued at $210,000 after purchasing an additional 720 shares during the last quarter. S&CO Inc. raised its position in Parsley Energy by 46.8% in the first quarter. S&CO Inc. now owns 346,620 shares of the oil and natural gas company’s stock valued at $6,690,000 after purchasing an additional 110,548 shares during the last quarter. Finally, Oslo Asset Management AS raised its position in Parsley Energy by 10.6% in the first quarter. Oslo Asset Management AS now owns 1,661,384 shares of the oil and natural gas company’s stock valued at $32,065,000 after purchasing an additional 159,000 shares during the last quarter. 82.88% of the stock is currently owned by institutional investors.
In other Parsley Energy news, Director Jerry Windlinger bought 1,985 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average price of $17.50 per share, with a total value of $34,737.50. Following the completion of the purchase, the director now directly owns 33,382 shares of the company’s stock, valued at approximately $584,185. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bryan Sheffield sold 100,000 shares of the firm’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. Company insiders own 12.14% of the company’s stock.
Shares of PE traded down $0.17 during mid-day trading on Thursday, reaching $15.42. 242,897 shares of the company were exchanged, compared to its average volume of 6,112,651. Parsley Energy Inc has a 52 week low of $13.72 and a 52 week high of $31.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $5.20 billion, a PE ratio of 10.93, a PEG ratio of 0.34 and a beta of 0.50. The stock has a 50 day simple moving average of $17.03.
Parsley Energy (NYSE:PE) last issued its quarterly earnings data on Tuesday, August 6th. The oil and natural gas company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Parsley Energy had a return on equity of 5.75% and a net margin of 13.69%. The company had revenue of $198.50 million during the quarter, compared to the consensus estimate of $467.53 million. During the same period last year, the company earned $0.39 earnings per share. The firm’s revenue was down 57.6% compared to the same quarter last year. Equities research analysts predict that Parsley Energy Inc will post 1.36 EPS for the current fiscal year.
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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