Lord Abbett & CO. LLC lifted its holdings in Parsley Energy Inc (NYSE:PE) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,052,364 shares of the oil and natural gas company’s stock after purchasing an additional 16,495 shares during the quarter. Lord Abbett & CO. LLC owned 0.65% of Parsley Energy worth $32,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PE. Geode Capital Management LLC boosted its stake in shares of Parsley Energy by 19.3% in the fourth quarter. Geode Capital Management LLC now owns 2,736,590 shares of the oil and natural gas company’s stock worth $43,703,000 after acquiring an additional 443,379 shares during the period. Sapience Investments LLC boosted its stake in shares of Parsley Energy by 38.5% in the fourth quarter. Sapience Investments LLC now owns 208,380 shares of the oil and natural gas company’s stock worth $3,330,000 after acquiring an additional 57,920 shares during the period. Natixis Advisors L.P. boosted its stake in shares of Parsley Energy by 33.1% in the fourth quarter. Natixis Advisors L.P. now owns 16,024 shares of the oil and natural gas company’s stock worth $256,000 after acquiring an additional 3,986 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Parsley Energy by 52.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,108,353 shares of the oil and natural gas company’s stock worth $49,668,000 after acquiring an additional 1,068,635 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Parsley Energy by 37.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 64,961 shares of the oil and natural gas company’s stock worth $1,038,000 after acquiring an additional 17,663 shares during the period. 84.52% of the stock is owned by institutional investors.

Shares of NYSE:PE opened at $17.80 on Friday. Parsley Energy Inc has a 52-week low of $14.17 and a 52-week high of $33.43. The company has a market capitalization of $5.64 billion, a P/E ratio of 12.62, a PEG ratio of 0.36 and a beta of 0.39. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35.

Parsley Energy (NYSE:PE) last announced its quarterly earnings data on Thursday, February 21st. The oil and natural gas company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). Parsley Energy had a return on equity of 6.43% and a net margin of 20.21%. The firm had revenue of $454.90 million during the quarter, compared to the consensus estimate of $456.66 million. During the same period last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 46.0% compared to the same quarter last year. As a group, equities research analysts predict that Parsley Energy Inc will post 1.38 earnings per share for the current fiscal year.

A number of research firms recently commented on PE. Barclays reiterated a “buy” rating and issued a $34.00 target price on shares of Parsley Energy in a research report on Wednesday. Jefferies Financial Group decreased their target price on Parsley Energy from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Robert W. Baird set a $24.00 target price on Parsley Energy and gave the stock a “buy” rating in a research report on Friday, February 22nd. Stifel Nicolaus set a $55.00 target price on Parsley Energy and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Northland Securities reiterated a “buy” rating and issued a $29.00 target price on shares of Parsley Energy in a research report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $32.27.

In other Parsley Energy news, insider Mike Hinson sold 41,727 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $18.43, for a total transaction of $769,028.61. Following the sale, the insider now owns 398,275 shares of the company’s stock, valued at approximately $7,340,208.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Colin Roberts sold 3,500 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $18.73, for a total value of $65,555.00. Following the sale, the insider now directly owns 274,926 shares in the company, valued at approximately $5,149,363.98. The disclosure for this sale can be found here. 13.17% of the stock is owned by corporate insiders.

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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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