Parsley Energy, Inc. (PE) Stake Increased by Atria Investments LLC
Atria Investments LLC increased its position in shares of Parsley Energy, Inc. (NYSE:PE) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 10,138 shares of the oil and natural gas company’s stock after buying an additional 315 shares during the period. Atria Investments LLC’s holdings in Parsley Energy were worth $281,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Parsley Energy by 47.3% in the first quarter. Vanguard Group Inc. now owns 18,418,741 shares of the oil and natural gas company’s stock worth $598,793,000 after buying an additional 5,913,072 shares in the last quarter. BlackRock Inc. raised its stake in Parsley Energy by 6,471.4% in the first quarter. BlackRock Inc. now owns 11,215,157 shares of the oil and natural gas company’s stock worth $364,606,000 after buying an additional 11,044,492 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Parsley Energy by 18.3% in the first quarter. TIAA CREF Investment Management LLC now owns 7,989,401 shares of the oil and natural gas company’s stock worth $259,735,000 after buying an additional 1,238,201 shares in the last quarter. Wellington Management Group LLP raised its stake in Parsley Energy by 27.5% in the first quarter. Wellington Management Group LLP now owns 7,344,323 shares of the oil and natural gas company’s stock worth $238,765,000 after buying an additional 1,583,529 shares in the last quarter. Finally, FMR LLC raised its stake in Parsley Energy by 29.7% in the first quarter. FMR LLC now owns 7,198,268 shares of the oil and natural gas company’s stock worth $234,016,000 after buying an additional 1,649,919 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.
Parsley Energy, Inc. (PE) opened at 28.71 on Monday. The company’s 50-day moving average price is $29.06 and its 200-day moving average price is $31.90. Parsley Energy, Inc. has a 1-year low of $25.17 and a 1-year high of $39.82. The stock’s market cap is $7.08 billion.
Parsley Energy (NYSE:PE) last announced its quarterly earnings data on Thursday, May 4th. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Parsley Energy had a positive return on equity of 2.04% and a negative net margin of 4.26%. The firm had revenue of $200.90 million for the quarter, compared to analysts’ expectations of $181.23 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. Parsley Energy’s revenue for the quarter was up 222.5% compared to the same quarter last year. Analysts predict that Parsley Energy, Inc. will post $0.64 EPS for the current year.
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A number of equities research analysts have issued reports on PE shares. BidaskClub raised Parsley Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. UBS AG started coverage on Parsley Energy in a research report on Thursday, March 23rd. They issued a “buy” rating and a $42.00 price target on the stock. FBR & Co reaffirmed a “buy” rating on shares of Parsley Energy in a research report on Friday, May 5th. Scotiabank set a $38.00 price target on Parsley Energy and gave the company a “buy” rating in a research report on Saturday, July 1st. Finally, BMO Capital Markets set a $35.00 price target on Parsley Energy and gave the company a “buy” rating in a research report on Monday, June 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $40.84.
In other Parsley Energy news, Director A R. Alameddine acquired 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average cost of $31.65 per share, with a total value of $110,775.00. Following the acquisition, the director now directly owns 94,888 shares of the company’s stock, valued at approximately $3,003,205.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bryan Sheffield sold 1,687,500 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $31.42, for a total value of $53,021,250.00. Following the completion of the transaction, the insider now directly owns 12,059,224 shares of the company’s stock, valued at $378,900,818.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,723,900 shares of company stock worth $54,188,730 over the last quarter. Insiders own 15.51% of the company’s stock.
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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