Magnetar Financial LLC acquired a new position in Parsley Energy, Inc. (NYSE:PE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 25,019 shares of the oil and natural gas company’s stock, valued at approximately $659,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Inc. grew its stake in shares of Parsley Energy by 23.9% in the 2nd quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock worth $113,000 after purchasing an additional 781 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Parsley Energy by 15.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company’s stock worth $183,000 after purchasing an additional 900 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Parsley Energy by 14.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock worth $193,000 after acquiring an additional 735 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Parsley Energy in the third quarter worth approximately $196,000. Finally, Trexquant Investment LP purchased a new position in shares of Parsley Energy in the third quarter worth approximately $206,000. 80.16% of the stock is currently owned by institutional investors.

Parsley Energy, Inc. (PE) traded up $0.48 during mid-day trading on Tuesday, hitting $26.58. 2,882,100 shares of the company traded hands, compared to its average volume of 4,802,119. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $8,205.50, a PE ratio of 68.68 and a beta of -0.05. Parsley Energy, Inc. has a twelve month low of $22.98 and a twelve month high of $38.18.

Parsley Energy (NYSE:PE) last posted its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $241.02 million during the quarter, compared to analysts’ expectations of $234.58 million. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The firm’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. analysts predict that Parsley Energy, Inc. will post 0.49 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. KeyCorp reissued a “buy” rating and issued a $39.00 target price on shares of Parsley Energy in a research report on Tuesday, September 19th. Imperial Capital assumed coverage on shares of Parsley Energy in a research report on Tuesday, August 15th. They issued an “outperform” rating and a $36.00 target price on the stock. US Capital Advisors reissued an “overweight” rating on shares of Parsley Energy in a research report on Monday, October 2nd. Northland Securities set a $36.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Parsley Energy in a research report on Sunday, September 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.45.

TRADEMARK VIOLATION NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.watchlistnews.com/25019-shares-in-parsley-energy-inc-pe-acquired-by-magnetar-financial-llc/1759682.html.

Parsley Energy 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.

Want to see what other hedge funds are holding PE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parsley Energy, Inc. (NYSE:PE).

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

Receive News & Ratings for Parsley Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsley Energy and related companies with MarketBeat.com's FREE daily email newsletter.