Janus Henderson Group PLC Lowers Holdings in Parsley Energy Inc (PE)
Janus Henderson Group PLC lowered its position in shares of Parsley Energy Inc (NYSE:PE) by 48.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 58,284 shares of the oil and natural gas company’s stock after selling 54,974 shares during the quarter. Janus Henderson Group PLC’s holdings in Parsley Energy were worth $1,535,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of PE. Schwab Charles Investment Management Inc. lifted its position in Parsley Energy by 10.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 683,135 shares of the oil and natural gas company’s stock worth $18,957,000 after acquiring an additional 66,599 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Parsley Energy by 9.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,254,176 shares of the oil and natural gas company’s stock valued at $34,803,000 after buying an additional 111,478 shares during the period. Legal & General Group Plc lifted its holdings in shares of Parsley Energy by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 272,105 shares of the oil and natural gas company’s stock valued at $7,551,000 after buying an additional 3,970 shares during the period. Comerica Bank lifted its holdings in shares of Parsley Energy by 7.8% in the 2nd quarter. Comerica Bank now owns 23,381 shares of the oil and natural gas company’s stock valued at $660,000 after buying an additional 1,692 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Parsley Energy by 35.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 62,528 shares of the oil and natural gas company’s stock valued at $1,735,000 after buying an additional 16,357 shares during the period. 80.16% of the stock is owned by institutional investors.
Shares of Parsley Energy Inc (NYSE:PE) opened at $29.44 on Monday. Parsley Energy Inc has a 52 week low of $22.98 and a 52 week high of $37.72. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $9,255.55, a P/E ratio of 368.05 and a beta of -0.05.
Parsley Energy (NYSE:PE) last posted its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The company had revenue of $241.02 million during the quarter, compared to analyst estimates of $234.58 million. During the same period in the previous year, the business earned $0.05 EPS. Parsley Energy’s quarterly revenue was up 81.8% on a year-over-year basis. equities analysts anticipate that Parsley Energy Inc will post 0.5 earnings per share for the current year.
Several equities analysts have recently issued reports on PE shares. Stifel Nicolaus reissued a “buy” rating and issued a $46.00 price objective on shares of Parsley Energy in a report on Sunday, September 3rd. Piper Jaffray Companies decreased their price objective on Parsley Energy from $42.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, September 18th. KeyCorp reissued a “buy” rating and issued a $39.00 price objective on shares of Parsley Energy in a report on Tuesday, September 19th. JPMorgan Chase & Co. decreased their price objective on Parsley Energy from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, September 26th. Finally, US Capital Advisors reissued an “overweight” rating on shares of Parsley Energy in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.95.
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About Parsley Energy
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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