Tortoise Capital Advisors L.L.C. trimmed its position in shares of Parsley Energy Inc (NYSE:PE) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 372,290 shares of the oil and natural gas company’s stock after selling 27,000 shares during the quarter. Tortoise Capital Advisors L.L.C. owned approximately 0.12% of Parsley Energy worth $7,077,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Nomura Holdings Inc. bought a new stake in Parsley Energy during the 2nd quarter valued at approximately $11,373,000. Paloma Partners Management Co boosted its position in Parsley Energy by 3.4% during the 2nd quarter. Paloma Partners Management Co now owns 129,223 shares of the oil and natural gas company’s stock valued at $2,457,000 after acquiring an additional 4,205 shares in the last quarter. Goldentree Asset Management LP bought a new stake in Parsley Energy during the 2nd quarter valued at approximately $15,894,000. Algert Global LLC bought a new stake in Parsley Energy during the 2nd quarter valued at approximately $386,000. Finally, Anchor Bolt Capital LP bought a new stake in Parsley Energy during the 2nd quarter valued at approximately $13,202,000. 82.62% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. MKM Partners assumed coverage on Parsley Energy in a research report on Tuesday, August 27th. They set a “buy” rating and a $26.00 price objective on the stock. ValuEngine raised Parsley Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, August 26th. SunTrust Banks set a $23.00 price objective on Parsley Energy and gave the company a “buy” rating in a research report on Tuesday, September 10th. Wells Fargo & Co lifted their price objective on Parsley Energy from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Cowen set a $24.00 price objective on Parsley Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Parsley Energy currently has an average rating of “Buy” and an average price target of $28.84.

Shares of PE stock traded down $0.15 during trading hours on Friday, hitting $18.52. 3,573,704 shares of the company’s stock traded hands, compared to its average volume of 4,209,981. The stock’s fifty day simple moving average is $16.91 and its two-hundred day simple moving average is $18.19. Parsley Energy Inc has a 12-month low of $13.72 and a 12-month high of $31.05. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.38 and a beta of 0.49. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36.

Parsley Energy (NYSE:PE) last released its earnings results on Tuesday, August 6th. The oil and natural gas company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Parsley Energy had a net margin of 13.69% and a return on equity of 5.72%. The firm had revenue of $198.50 million during the quarter, compared to analyst estimates of $467.53 million. During the same period last year, the business earned $0.39 earnings per share. The business’s revenue was down 57.6% on a year-over-year basis. On average, equities analysts forecast that Parsley Energy Inc will post 1.38 earnings per share for the current fiscal year.

The firm also recently announced a — dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, September 19th.

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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