Caymus Capital Partners L.P. Has $76.59 Million Holdings in Parsley Energy, Inc. (PE)
Caymus Capital Partners L.P. raised its stake in Parsley Energy, Inc. (NYSE:PE) by 25.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,907,680 shares of the oil and natural gas company’s stock after acquiring an additional 590,750 shares during the period. Parsley Energy accounts for approximately 9.6% of Caymus Capital Partners L.P.’s portfolio, making the stock its 2nd largest position. Caymus Capital Partners L.P. owned approximately 0.92% of Parsley Energy worth $76,588,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PE. Spot Trading L.L.C. acquired a new position in Parsley Energy in the first quarter valued at $565,000. American International Group Inc. boosted its stake in shares of Parsley Energy by 3.8% during the first quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock worth $158,000 after buying an additional 180 shares during the period. Morgan Stanley boosted its stake in shares of Parsley Energy by 26.2% during the first quarter. Morgan Stanley now owns 464,465 shares of the oil and natural gas company’s stock worth $15,100,000 after buying an additional 96,407 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Parsley Energy by 14.1% during 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 buying an additional 735 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Parsley Energy by 7.6% during the second quarter. Xact Kapitalforvaltning AB now owns 19,183 shares of the oil and natural gas company’s stock worth $532,000 after buying an additional 1,351 shares during the period. Institutional investors own 78.49% of the company’s stock.
Several equities research analysts have recently weighed in on PE shares. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 target price on shares of Parsley Energy in a research note on Sunday, September 3rd. Citigroup Inc. set a $50.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Friday, July 21st. ValuEngine downgraded shares of Parsley Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Northland Securities set a $43.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, Barclays PLC set a $32.00 target price on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Two research 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 stock. Parsley Energy presently has a consensus rating of “Buy” and a consensus price target of $40.36.
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Shares of Parsley Energy, Inc. (PE) traded down $0.73 during trading on Tuesday, reaching $26.04. 2,487,025 shares of the company’s stock were exchanged, compared to its average volume of 4,933,023. Parsley Energy, Inc. has a 12 month low of $22.98 and a 12 month high of $39.82. 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 stock has a market capitalization of $8,545.34, a PE ratio of 71.53, a PEG ratio of 3.12 and a beta of -0.05.
Parsley Energy (NYSE:PE) last issued its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The company had revenue of $241.02 million during the quarter, compared to analysts’ expectations of $234.58 million. During the same period last year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was up 81.8% compared to the same quarter last year. research analysts predict that Parsley Energy, Inc. will post 0.47 earnings per share for the current fiscal year.
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.
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