Sumitomo Mitsui Trust Holdings Inc. Lowers Holdings in Parsley Energy, Inc. (PE)

Sumitomo Mitsui Trust Holdings Inc. cut its position in Parsley Energy, Inc. (NYSE:PE) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,058 shares of the oil and natural gas company’s stock after selling 6,246 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.19% of Parsley Energy worth $15,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PE. Spot Trading L.L.C. bought a new stake in shares of Parsley Energy in the first quarter valued at $565,000. American International Group Inc. grew its position in shares of Parsley Energy by 3.8% in the first quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock valued at $158,000 after purchasing an additional 180 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of Parsley Energy by 14.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock valued at $193,000 after purchasing an additional 735 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Parsley Energy by 2,252.9% in the second quarter. Nisa Investment Advisors LLC now owns 12,000 shares of the oil and natural gas company’s stock valued at $335,000 after purchasing an additional 11,490 shares in the last quarter. Finally, Aperio Group LLC grew its position in shares of Parsley Energy by 76.1% in the second quarter. Aperio Group LLC now owns 39,278 shares of the oil and natural gas company’s stock valued at $1,090,000 after purchasing an additional 16,973 shares in the last quarter. Hedge funds and other institutional investors own 78.70% of the company’s stock.

Parsley Energy, Inc. (NYSE:PE) traded up $0.43 during trading on Monday, reaching $26.97. The company had a trading volume of 1,459,000 shares, compared to its average volume of 4,877,590. Parsley Energy, Inc. has a twelve month low of $22.98 and a twelve month high of $39.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $8,480.00, a PE ratio of 70.97 and a beta of -0.05.

Parsley Energy (NYSE:PE) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The business had revenue of $241.02 million during the quarter, compared to analysts’ expectations of $234.58 million. During the same period in the previous year, the business earned $0.05 earnings per share. The firm’s revenue was up 81.8% on a year-over-year basis. equities research analysts predict that Parsley Energy, Inc. will post 0.48 EPS for the current year.

Several brokerages have recently weighed in on PE. KeyCorp reiterated a “buy” rating and issued a $39.00 price target on shares of Parsley Energy in a research report on Tuesday, September 19th. Barclays PLC reduced their price target on Parsley Energy from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, August 8th. Scotiabank reiterated a “buy” rating and issued a $38.00 price target on shares of Parsley Energy in a research report on Wednesday, November 22nd. Imperial Capital began coverage on Parsley Energy in a research report on Tuesday, August 15th. They issued an “outperform” rating and a $36.00 price target for the company. Finally, US Capital Advisors reiterated an “overweight” rating on shares of Parsley Energy in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $40.23.

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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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