HAP Trading LLC bought a new stake in shares of Parsley Energy, Inc. (NYSE:PE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,378 shares of the oil and natural gas company’s stock, valued at approximately $288,000.

Several other institutional investors have also modified their holdings of PE. Profund Advisors LLC raised its position in shares of Parsley Energy by 27.0% during the 1st quarter. Profund Advisors LLC now owns 10,079 shares of the oil and natural gas company’s stock valued at $328,000 after acquiring an additional 2,140 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Parsley Energy by 52.2% during the 1st quarter. ProShare Advisors LLC now owns 19,869 shares of the oil and natural gas company’s stock valued at $646,000 after acquiring an additional 6,814 shares during the last quarter. Shell Asset Management Co. raised its position in shares of Parsley Energy by 18.8% during the 1st quarter. Shell Asset Management Co. now owns 13,425 shares of the oil and natural gas company’s stock valued at $436,000 after acquiring an additional 2,125 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Parsley Energy by 55.6% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,714 shares of the oil and natural gas company’s stock valued at $543,000 after acquiring an additional 5,970 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Parsley Energy by 42.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,223 shares of the oil and natural gas company’s stock valued at $1,048,000 after acquiring an additional 9,674 shares during the last quarter. Institutional investors own 98.71% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “HAP Trading LLC Buys Shares of 10,378 Parsley Energy, Inc. (PE)” was originally reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/09/13/hap-trading-llc-buys-shares-of-10378-parsley-energy-inc-pe.html.

Shares of Parsley Energy, Inc. (NYSE:PE) traded up 2.59% during trading on Wednesday, reaching $24.98. 1,807,952 shares of the company were exchanged. The stock’s 50-day moving average is $25.89 and its 200-day moving average is $28.84. Parsley Energy, Inc. has a 52-week low of $22.98 and a 52-week high of $39.82. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 139.55 and a beta of -0.07.

Parsley Energy (NYSE:PE) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). Parsley Energy had a net margin of 5.23% and a return on equity of 1.70%. The company had revenue of $213.68 million during the quarter, compared to the consensus estimate of $216.54 million. During the same period last year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was up 99.9% on a year-over-year basis. Equities research analysts predict that Parsley Energy, Inc. will post $0.50 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the stock. Citigroup Inc. set a $50.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a report on Friday, July 21st. Williams Capital raised shares of Parsley Energy from a “hold” rating to a “buy” rating and decreased their price target for the company from $39.00 to $37.00 in a report on Monday, June 12th. Bank of America Corporation assumed coverage on shares of Parsley Energy in a report on Wednesday, July 19th. They issued a “buy” rating and a $37.00 price target for the company. Zacks Investment Research lowered shares of Parsley Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 15th. Finally, Northland Securities set a $43.00 price target on shares of Parsley Energy and gave the company a “buy” rating in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and twenty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.64.

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.

Institutional Ownership by Quarter for Parsley Energy (NYSE:PE)

Receive News & Ratings for Parsley Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsley Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.