Lucas Capital Management purchased a new stake in shares of Parsley Energy, Inc. (NYSE:PE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,000 shares of the oil and natural gas company’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of 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 valued at $598,793,000 after buying an additional 5,913,072 shares in the last quarter. BlackRock Inc. boosted its position in shares of 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 valued at $364,606,000 after buying an additional 11,044,492 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of 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 valued at $259,735,000 after buying an additional 1,238,201 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of 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 valued at $238,765,000 after buying an additional 1,583,529 shares in the last quarter. Finally, FMR LLC boosted its position in shares of 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 valued at $234,016,000 after buying an additional 1,649,919 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Parsley Energy, Inc. (PE) opened at 26.12 on Friday. The firm’s 50-day moving average price is $27.82 and its 200-day moving average price is $30.65. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 145.92 and a beta of -0.09. Parsley Energy, Inc. has a 1-year low of $25.07 and a 1-year high of $39.82.

Parsley Energy (NYSE:PE) last announced its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.06. The company had revenue of $213.68 million for the quarter, compared to analyst estimates of $216.54 million. Parsley Energy had a net margin of 5.23% and a return on equity of 2.06%. Parsley Energy’s quarterly revenue was up 99.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 EPS. On average, equities research analysts anticipate that Parsley Energy, Inc. will post $0.58 earnings per share for the current year.

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PE has been the subject of several recent research reports. BidaskClub upgraded Parsley Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Bank of America Corporation initiated coverage on Parsley Energy in a research report on Wednesday, July 19th. They set a “buy” rating and a $37.00 price target for the company. FBR & Co reiterated 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.44.

In other news, insider Ryan Dalton sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $32.56, for a total transaction of $976,800.00. Following the sale, the insider now owns 329,957 shares in the company, valued at $10,743,399.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bryan Sheffield sold 1,687,500 shares of the firm’s stock in a transaction 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 sale, the insider now owns 12,059,224 shares in the company, valued at approximately $378,900,818.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,720,900 shares of company stock worth $54,100,050. 15.51% of the stock is owned by insiders.

Parsley Energy Company 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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