Capital Impact Advisors LLC acquired a new stake in shares of Parsley Energy Inc (NYSE:PE) during the 4th quarter, Holdings Channel reports. The fund acquired 75,158 shares of the oil and natural gas company’s stock, valued at approximately $2,212,000. Parsley Energy comprises approximately 1.0% of Capital Impact Advisors LLC’s portfolio, making the stock its 20th largest position.

Other institutional investors have also recently bought and sold shares of the company. Apollo Management Holdings L.P. bought a new stake in shares of Parsley Energy in the 2nd quarter worth approximately $414,418,000. Point72 Asset Management L.P. boosted its position in shares of Parsley Energy by 164.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 5,709,178 shares of the oil and natural gas company’s stock worth $150,380,000 after purchasing an additional 3,549,307 shares in the last quarter. FMR LLC boosted its position in shares of Parsley Energy by 40.2% in the 2nd quarter. FMR LLC now owns 10,091,313 shares of the oil and natural gas company’s stock worth $280,034,000 after purchasing an additional 2,893,045 shares in the last quarter. Boston Partners boosted its position in shares of Parsley Energy by 19.3% in the 3rd quarter. Boston Partners now owns 15,267,555 shares of the oil and natural gas company’s stock worth $402,148,000 after purchasing an additional 2,466,399 shares in the last quarter. Finally, Third Point LLC boosted its position in shares of Parsley Energy by 80.0% in the 2nd quarter. Third Point LLC now owns 4,500,000 shares of the oil and natural gas company’s stock worth $124,875,000 after purchasing an additional 2,000,000 shares in the last quarter. 80.16% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $41.00 price target on shares of Parsley Energy in a research report on Tuesday, January 9th. ValuEngine cut Parsley Energy from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Northland Securities reissued a “buy” rating and issued a $40.00 price target on shares of Parsley Energy in a research report on Friday, November 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target (down from $37.00) on shares of Parsley Energy in a research report on Sunday, November 12th. Finally, JPMorgan Chase & Co. dropped their price target on Parsley Energy from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-two have issued a buy rating to the company. Parsley Energy has an average rating of “Buy” and an average price target of $38.76.

Parsley Energy Inc (NYSE PE) traded down $0.39 during mid-day trading on Tuesday, reaching $28.72. The company had a trading volume of 5,517,115 shares, compared to its average volume of 5,018,740. The company has a market cap of $9,030.00, a PE ratio of 410.29, a PEG ratio of 1.52 and a beta of -0.05. Parsley Energy Inc has a fifty-two week low of $22.98 and a fifty-two week high of $37.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92.

Parsley Energy (NYSE:PE) last released its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $241.02 million for the quarter, compared to analysts’ expectations of $234.58 million. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The firm’s quarterly revenue was up 81.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. analysts predict that Parsley Energy Inc will post 0.5 EPS for the current year.

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Parsley Energy 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.

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

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