Dimensional Fund Advisors LP Has $59,273,000 Position in Parsley Energy Inc. (PE)
Dimensional Fund Advisors LP boosted its stake in shares of Parsley Energy Inc. (NYSE:PE) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,190,521 shares of the company’s stock after buying an additional 28,205 shares during the period. Dimensional Fund Advisors LP owned about 1.38% of Parsley Energy worth $59,273,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of PE. Thompson Davis & CO. Inc. increased its stake in Parsley Energy by 93.8% in the second quarter. Thompson Davis & CO. Inc. now owns 3,875 shares of the company’s stock worth $105,000 after buying an additional 1,875 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of Parsley Energy during the second quarter valued at about $131,000. BlackRock Inc. increased its stake in shares of Parsley Energy by 134.5% in the first quarter. BlackRock Inc. now owns 6,650 shares of the company’s stock valued at $151,000 after buying an additional 3,814 shares during the period. Loeb Partners Corp acquired a new stake in shares of Parsley Energy during the second quarter valued at about $235,000. Finally, Princeton Alpha Management LP acquired a new stake in shares of Parsley Energy during the second quarter valued at about $283,000. 84.49% of the stock is currently owned by institutional investors and hedge funds.
Parsley Energy Inc. (NYSE:PE) traded up 0.15% on Tuesday, reaching $34.16. 583,497 shares of the company’s stock were exchanged. The stock’s market capitalization is $5.85 billion. Parsley Energy Inc. has a 12 month low of $14.51 and a 12 month high of $35.00. The firm has a 50 day moving average of $33.38 and a 200 day moving average of $27.71.
Parsley Energy (NYSE:PE) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.10. The company had revenue of $106.30 million for the quarter, compared to analyst estimates of $92.04 million. Parsley Energy had a negative return on equity of 0.66% and a negative net margin of 18.26%. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Equities analysts predict that Parsley Energy Inc. will post $0.10 earnings per share for the current fiscal year.
PE has been the topic of several recent research reports. Deutsche Bank AG upped their price target on shares of Parsley Energy from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, June 14th. Wunderlich initiated coverage on shares of Parsley Energy in a report on Friday, June 17th. They issued a “buy” rating and a $32.00 price target on the stock. Barclays PLC initiated coverage on shares of Parsley Energy in a report on Tuesday, June 21st. They issued an “overweight” rating and a $30.00 price target on the stock. Zacks Investment Research raised shares of Parsley Energy from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday, June 30th. Finally, Simmons initiated coverage on shares of Parsley Energy in a report on Friday, July 8th. They issued an “overweight” rating and a $31.00 price target on the stock. Six research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.93.
In other news, insider Mike Hinson sold 25,000 shares of Parsley Energy stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $27.42, for a total value of $685,500.00. Following the transaction, the insider now owns 646,653 shares of the company’s stock, valued at $17,731,225.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bryan Sheffield sold 1,100,000 shares of Parsley Energy stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $32.15, for a total transaction of $35,365,000.00. Following the completion of the transaction, the insider now directly owns 13,169,935 shares in the company, valued at approximately $423,413,410.25. The disclosure for this sale can be found here. Corporate insiders own 24.17% of the company’s stock.
About Parsley Energy
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.
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