GRT Capital Partners L.L.C. boosted its stake in Parsley Energy, Inc. (NYSE:PE) by 62.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,310 shares of the oil and natural gas company’s stock after buying an additional 28,160 shares during the period. Parsley Energy accounts for 1.2% of GRT Capital Partners L.L.C.’s portfolio, making the stock its 18th biggest holding. GRT Capital Partners L.L.C.’s holdings in Parsley Energy were worth $2,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in Parsley Energy by 15.8% in the 2nd quarter. Pacer Advisors Inc. now owns 40,202 shares of the oil and natural gas company’s stock valued at $1,116,000 after buying an additional 5,492 shares in the last quarter. Addison Capital Co grew its position in Parsley Energy by 7.9% in the 2nd quarter. Addison Capital Co now owns 15,278 shares of the oil and natural gas company’s stock valued at $424,000 after buying an additional 1,114 shares in the last quarter. Prudential Financial Inc. grew its position in Parsley Energy by 5.5% in the 1st quarter. Prudential Financial Inc. now owns 10,970 shares of the oil and natural gas company’s stock valued at $357,000 after buying an additional 570 shares in the last quarter. Wellington Management Group LLP grew its position in Parsley Energy by 27.5% in the 1st 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, State of Wisconsin Investment Board grew its position in Parsley Energy by 30.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 622,368 shares of the oil and natural gas company’s stock valued at $17,271,000 after buying an additional 146,170 shares in the last quarter. Hedge funds and other institutional investors own 98.71% of the company’s stock.

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A number of equities analysts recently issued reports on PE shares. Northland Securities set a $43.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a research report on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $39.00 target price on shares of Parsley Energy in a research report on Friday, July 14th. Scotiabank set a $38.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $35.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 target price on shares of Parsley Energy in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.64.

Parsley Energy, Inc. (NYSE PE) traded up 3.98% during mid-day trading on Wednesday, reaching $25.32. 2,172,182 shares of the company’s stock were exchanged. The stock has a market cap of $6.27 billion, a P/E ratio of 141.45 and a beta of -0.07. Parsley Energy, Inc. has a 52 week low of $22.98 and a 52 week high of $39.82. The stock has a 50-day moving average price of $25.89 and a 200-day moving average price of $28.84.

Parsley Energy (NYSE:PE) last posted its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 return on equity of 1.70% and a net margin of 5.23%. Parsley Energy’s quarterly revenue was up 99.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, analysts forecast that Parsley Energy, Inc. will post $0.50 earnings per share for the current year.

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.

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

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