J.P. Marvel Investment Advisors LLC maintained its position in Parsley Energy, Inc. (NYSE:PE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,575 shares of the oil and natural gas company’s stock at the end of the second quarter. J.P. Marvel Investment Advisors LLC’s holdings in Parsley Energy were worth $2,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of PE. Apollo Management Holdings L.P. acquired a new position in shares of Parsley Energy during the 2nd quarter worth $414,418,000. BlackRock Inc. grew its stake in shares of Parsley Energy by 6,471.4% during the 1st quarter. BlackRock Inc. now owns 11,215,157 shares of the oil and natural gas company’s stock worth $364,606,000 after purchasing an additional 11,044,492 shares during the period. Vanguard Group Inc. grew its stake in shares of Parsley Energy by 47.3% during the 1st quarter. Vanguard Group Inc. now owns 18,418,741 shares of the oil and natural gas company’s stock worth $598,793,000 after purchasing an additional 5,913,072 shares during the period. Victory Capital Management Inc. grew its stake in shares of Parsley Energy by 250.9% during the 2nd quarter. Victory Capital Management Inc. now owns 7,264,371 shares of the oil and natural gas company’s stock worth $201,586,000 after purchasing an additional 5,194,292 shares during the period. Finally, FMR LLC grew its stake in shares of Parsley Energy by 40.2% during the 2nd quarter. FMR LLC now owns 10,091,313 shares of the oil and natural gas company’s stock worth $280,034,000 after purchasing an additional 2,893,045 shares during the period. 77.94% of the stock is currently owned by institutional investors and hedge funds.

PE has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $46.00 price target on shares of Parsley Energy in a research note on Sunday, September 3rd. Citigroup Inc. set a $50.00 price target on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Friday, July 21st. ValuEngine cut 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 price target on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, BidaskClub lowered shares of Parsley Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating and twenty-three have issued a buy rating to the company. Parsley Energy has a consensus rating of “Buy” and an average target price of $41.00.

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Parsley Energy, Inc. (PE) traded up 1.17% on Monday, reaching $26.74. 825,083 shares of the company’s stock were exchanged. Parsley Energy, Inc. has a 1-year low of $22.98 and a 1-year high of $39.82. The firm’s 50 day moving average is $25.82 and its 200 day moving average is $28.03. The stock has a market capitalization of $6.62 billion, a P/E ratio of 149.39 and a beta of -0.05.

Parsley Energy (NYSE:PE) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.06). Parsley Energy had a return on equity of 1.70% and a net margin of 5.23%. The company had revenue of $213.68 million during the quarter, compared to analysts’ expectations of $216.54 million. During the same period in the prior year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 99.9% compared to the same quarter last year. Analysts expect that Parsley Energy, Inc. will post $0.48 EPS for the current year.

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.

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

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