Rothschild Capital Partners LLC bought a new position in shares of Parsley Energy Inc. (NYSE:PE) during the second quarter, Holdings Channel reports. The fund bought 89,675 shares of the company’s stock, valued at approximately $2,427,000. Parsley Energy comprises 1.3% of Rothschild Capital Partners LLC’s holdings, making the stock its 27th largest position. Rothschild Capital Partners LLC owned about 0.06% of Parsley Energy as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Parsley Energy by 134.5% in the first quarter. BlackRock Inc. now owns 6,650 shares of the company’s stock worth $151,000 after buying an additional 3,814 shares during the last quarter. Loeb Partners Corp bought a new position in shares of Parsley Energy during the second quarter worth about $235,000. Meeder Asset Management Inc. raised its position in shares of Parsley Energy by 62.7% in the first quarter. Meeder Asset Management Inc. now owns 11,468 shares of the company’s stock worth $259,000 after buying an additional 4,419 shares during the last quarter. Nikko Asset Management Americas Inc. bought a new position in shares of Parsley Energy during the first quarter worth about $262,000. Finally, IBM Retirement Fund bought a new position in shares of Parsley Energy during the second quarter worth about $413,000. 84.49% of the stock is owned by institutional investors.

Parsley Energy Inc. (NYSE:PE) traded down 2.07% during midday trading on Tuesday, reaching $32.10. 2,213,997 shares of the company traded hands. Parsley Energy Inc. has a 12 month low of $13.84 and a 12 month high of $35.00. The company’s 50-day moving average price is $33.19 and its 200 day moving average price is $26.91. The firm’s market capitalization is $5.50 billion.

Parsley Energy (NYSE:PE) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.10. Parsley Energy had a negative return on equity of 0.66% and a negative net margin of 18.26%. The company had revenue of $106.30 million for the quarter, compared to analyst estimates of $92.04 million. During the same period last year, the company earned ($0.01) earnings per share. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. On average, equities analysts anticipate that Parsley Energy Inc. will post $0.10 earnings per share for the current year.

A number of analysts have recently weighed in on PE shares. JPMorgan Chase & Co. increased their price objective on shares of Parsley Energy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, August 15th. Stifel Nicolaus increased their price objective on shares of Parsley Energy from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Wunderlich increased their price objective on shares of Parsley Energy from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Zacks Investment Research lowered shares of Parsley Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 8th. Finally, KeyCorp increased their price objective on shares of Parsley Energy from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. Six research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $30.81.

In related news, insider Bryan Sheffield sold 1,100,000 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $32.15, for a total value of $35,365,000.00. Following the sale, the insider now directly owns 13,169,935 shares in the company, valued at approximately $423,413,410.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mike Hinson sold 25,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $33.65, for a total transaction of $841,250.00. Following the completion of the sale, the insider now owns 546,653 shares in the company, valued at $18,394,873.45. The disclosure for this sale can be found here. Insiders own 24.17% of the company’s stock.

Parsley Energy Company Profile

Parsley Energy, Inc is an independent oil and natural gas company. The Company is focused 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 comprises over three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.

5 Day Chart for NYSE:PE

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