Principal Financial Group Inc. lessened its stake in shares of Parsley Energy, Inc. (NYSE:PE) by 20.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,841 shares of the oil and natural gas company’s stock after selling 7,856 shares during the period. Principal Financial Group Inc.’s holdings in Parsley Energy were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PE. Dynamic Technology Lab Private Ltd grew its stake in Parsley Energy by 6.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 9,056 shares of the oil and natural gas company’s stock valued at $251,000 after acquiring an additional 565 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Parsley Energy by 14.1% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock valued at $193,000 after acquiring an additional 735 shares in the last quarter. Kennedy Capital Management Inc. grew its stake in Parsley Energy by 0.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 96,169 shares of the oil and natural gas company’s stock valued at $2,669,000 after acquiring an additional 738 shares in the last quarter. ProShare Advisors LLC grew its stake in Parsley Energy by 3.9% during the 2nd quarter. ProShare Advisors LLC now owns 20,637 shares of the oil and natural gas company’s stock valued at $573,000 after acquiring an additional 768 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in Parsley Energy by 23.9% during the 2nd quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock valued at $113,000 after acquiring an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 80.16% of the company’s stock.

Shares of Parsley Energy, Inc. (PE) traded up $0.05 during mid-day trading on Thursday, hitting $26.71. 2,984,100 shares of the stock traded hands, compared to its average volume of 4,790,136. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. Parsley Energy, Inc. has a 52-week low of $22.98 and a 52-week high of $37.72. The firm has a market cap of $8,381.56, a price-to-earnings ratio of 70.16 and a beta of -0.05.

Parsley Energy (NYSE:PE) last issued its quarterly earnings data 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. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The firm had revenue of $241.02 million for the quarter, compared to analyst estimates of $234.58 million. During the same period in the prior year, the business posted $0.05 EPS. The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. analysts forecast that Parsley Energy, Inc. will post 0.49 EPS for the current fiscal year.

Several analysts recently issued reports on the stock. Northland Securities set a $43.00 price objective on shares of Parsley Energy and gave the company a “buy” rating in a research note on Monday, August 21st. J P Morgan Chase & Co dropped their price objective on shares of Parsley Energy from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, September 26th. BMO Capital Markets set a $35.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. Stifel Nicolaus set a $46.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, US Capital Advisors reissued an “overweight” rating on shares of Parsley Energy in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Parsley Energy currently has a consensus rating of “Buy” and an average target price of $39.45.

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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.

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

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