Janus Henderson Group PLC lifted its holdings in shares of Parsley Energy Inc (NYSE:PE) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,420 shares of the oil and natural gas company’s stock after purchasing an additional 1,954 shares during the quarter. Janus Henderson Group PLC’s holdings in Parsley Energy were worth $607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tributary Capital Management LLC bought a new position in shares of Parsley Energy during the fourth quarter worth about $37,000. Cullen Frost Bankers Inc. bought a new position in shares of Parsley Energy during the first quarter worth about $37,000. Quadrant Capital Group LLC grew its holdings in shares of Parsley Energy by 462.5% during the first quarter. Quadrant Capital Group LLC now owns 3,814 shares of the oil and natural gas company’s stock worth $71,000 after buying an additional 3,136 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Parsley Energy by 15.0% during the fourth quarter. Advisor Group Inc. now owns 5,526 shares of the oil and natural gas company’s stock worth $88,000 after buying an additional 719 shares in the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of Parsley Energy by 153.8% during the fourth quarter. Penserra Capital Management LLC now owns 7,488 shares of the oil and natural gas company’s stock worth $118,000 after buying an additional 4,538 shares in the last quarter. 86.17% of the stock is currently owned by institutional investors.

In other news, insider Mike Hinson sold 41,727 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $18.43, for a total value of $769,028.61. Following the completion of the sale, the insider now directly owns 398,275 shares of the company’s stock, valued at $7,340,208.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bryan Sheffield sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $20.24, for a total value of $2,024,000.00. Following the completion of the sale, the insider now directly owns 8,801,632 shares of the company’s stock, valued at $178,145,031.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,227 shares of company stock valued at $2,918,584. Insiders own 12.14% of the company’s stock.

A number of research analysts recently issued reports on PE shares. Raymond James set a $30.00 price objective on Parsley Energy and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Stephens upgraded Parsley Energy from an “equal” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Tuesday, January 29th. Mizuho started coverage on Parsley Energy in a report on Tuesday, January 29th. They set a “neutral” rating and a $18.00 price objective for the company. Zacks Investment Research downgraded Parsley Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 7th. Finally, Williams Capital reiterated a “hold” rating and set a $22.00 price objective on shares of Parsley Energy in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $30.87.

PE stock opened at $19.78 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.36 and a beta of 0.41. Parsley Energy Inc has a twelve month low of $14.17 and a twelve month high of $33.25.

Parsley Energy (NYSE:PE) last released its quarterly earnings data on Wednesday, May 1st. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Parsley Energy had a net margin of 14.09% and a return on equity of 6.05%. The business had revenue of $427.67 million during the quarter, compared to analyst estimates of $410.04 million. During the same period in the previous year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Parsley Energy Inc will post 1.62 earnings per share for the current fiscal year.

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Parsley Energy Profile

Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe.

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

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