Parsley Energy, Inc. (NYSE:PE) Stake Maintained by Texan Capital Management

Texan Capital Management held its position in shares of Parsley Energy, Inc. (NYSE:PE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,000 shares of the oil and natural gas company’s stock at the end of the second quarter. Texan Capital Management’s holdings in Parsley Energy were worth $1,027,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PE. Vanguard Group Inc. boosted its stake in shares of Parsley Energy by 47.3% in the first quarter. Vanguard Group Inc. now owns 18,418,741 shares of the oil and natural gas company’s stock valued at $598,793,000 after buying an additional 5,913,072 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Parsley Energy by 6,471.4% in the first quarter. BlackRock Inc. now owns 11,215,157 shares of the oil and natural gas company’s stock valued at $364,606,000 after buying an additional 11,044,492 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Parsley Energy by 18.3% in the first quarter. TIAA CREF Investment Management LLC now owns 7,989,401 shares of the oil and natural gas company’s stock valued at $259,735,000 after buying an additional 1,238,201 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Parsley Energy by 27.5% in the first quarter. Wellington Management Group LLP now owns 7,344,323 shares of the oil and natural gas company’s stock valued at $238,765,000 after buying an additional 1,583,529 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Parsley Energy by 29.7% in the first quarter. FMR LLC now owns 7,198,268 shares of the oil and natural gas company’s stock valued at $234,016,000 after buying an additional 1,649,919 shares in the last quarter. 91.42% of the stock is currently owned by institutional investors.

Parsley Energy, Inc. (PE) traded up 0.96% during trading on Thursday, reaching $28.25. The company’s stock had a trading volume of 4,118,784 shares. The company’s market capitalization is $6.96 billion. The firm’s 50-day moving average price is $29.06 and its 200 day moving average price is $31.90. Parsley Energy, Inc. has a 12-month low of $25.17 and a 12-month high of $39.82.

Parsley Energy (NYSE:PE) last issued its quarterly earnings data on Thursday, May 4th. The oil and natural gas company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $200.90 million during the quarter, compared to analysts’ expectations of $181.23 million. Parsley Energy had a positive return on equity of 2.04% and a negative net margin of 4.26%. The firm’s quarterly revenue was up 222.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) EPS. On average, analysts predict that Parsley Energy, Inc. will post $0.66 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on the company. FBR & Co reiterated a “buy” rating on shares of Parsley Energy in a research report on Monday, May 15th. Scotiabank set a $43.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a research report on Saturday, May 6th. Citigroup Inc. began coverage on shares of Parsley Energy in a research report on Wednesday, March 22nd. They issued a “buy” rating and a $40.00 price objective on the stock. Credit Suisse Group restated an “outperform” rating and issued a $45.00 price objective on shares of Parsley Energy in a research report on Friday, June 2nd. Finally, Barclays PLC restated an “overweight” rating and issued a $37.00 price objective (down from $41.00) on shares of Parsley Energy in a research report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.65.

In related news, insider Bryan Sheffield sold 1,687,500 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $31.42, for a total transaction of $53,021,250.00. Following the completion of the sale, the insider now directly owns 12,059,224 shares in the company, valued at approximately $378,900,818.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Colin Roberts sold 3,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $29.56, for a total value of $88,680.00. Following the sale, the insider now owns 232,726 shares of the company’s stock, valued at $6,879,380.56. The disclosure for this sale can be found here. Insiders have sold a total of 1,723,900 shares of company stock valued at $54,188,730 over the last 90 days. 15.51% of the stock is currently owned by company insiders.

Parsley Energy Company Profile

Parsley Energy, Inc is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.

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

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