BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in Parsley Energy Inc (NYSE:PE) by 14.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,418 shares of the oil and natural gas company’s stock after selling 12,171 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Parsley Energy were worth $2,193,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC lifted its position in shares of Parsley Energy by 67.0% in the first quarter. LS Investment Advisors LLC now owns 4,085 shares of the oil and natural gas company’s stock worth $118,000 after purchasing an additional 1,639 shares in the last quarter. MHI Funds LLC bought a new stake in shares of Parsley Energy in the second quarter worth $163,000. Cerebellum GP LLC lifted its position in shares of Parsley Energy by 129.3% in the second quarter. Cerebellum GP LLC now owns 6,099 shares of the oil and natural gas company’s stock worth $185,000 after purchasing an additional 3,439 shares in the last quarter. American International Group Inc. lifted its position in shares of Parsley Energy by 38.1% in the first quarter. American International Group Inc. now owns 7,253 shares of the oil and natural gas company’s stock worth $210,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Parsley Energy in the second quarter worth $212,000. Institutional investors own 84.03% of the company’s stock.

In other Parsley Energy news, insider Colin Roberts sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $30.21, for a total value of $302,100.00. Following the transaction, the insider now directly owns 224,600 shares in the company, valued at $6,785,166. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mike Hinson sold 250,000 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $30.24, for a total transaction of $7,560,000.00. Following the completion of the transaction, the insider now owns 663,978 shares in the company, valued at $20,078,694.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,773,328 shares of company stock worth $78,620,280. Corporate insiders own 13.17% of the company’s stock.

PE has been the topic of a number of research reports. TD Securities initiated coverage on shares of Parsley Energy in a research report on Thursday, July 5th. They issued a “buy” rating and a $37.00 price objective on the stock. Zacks Investment Research raised shares of Parsley Energy from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, July 4th. Seaport Global Securities raised shares of Parsley Energy from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, May 23rd. JPMorgan Chase & Co. set a $49.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a research report on Tuesday, July 3rd. Finally, National Alliance Securities raised shares of Parsley Energy from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Five analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Parsley Energy currently has an average rating of “Buy” and a consensus target price of $38.73.

NYSE PE opened at $26.37 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.93 and a current ratio of 0.93. Parsley Energy Inc has a 1 year low of $21.12 and a 1 year high of $33.43. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 0.61 and a beta of -0.55.

Parsley Energy (NYSE:PE) last released its quarterly earnings data on Tuesday, August 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.02). Parsley Energy had a net margin of 16.89% and a return on equity of 5.25%. The company had revenue of $467.79 million during the quarter, compared to analyst estimates of $431.02 million. equities research analysts anticipate that Parsley Energy Inc will post 1.55 EPS for the current year.

Parsley Energy Profile

Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico. As of December 31, 2017, its acreage position consisted of 219,747 net acres, including 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net producing horizontal wells and 731.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 416.4 MMBoe.

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

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