DnB Asset Management AS Sells 1,000 Shares of Parsley Energy, Inc. (PE)

DnB Asset Management AS lowered its stake in shares of Parsley Energy, Inc. (NYSE:PE) by 4.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 19,991 shares of the oil and natural gas company’s stock after selling 1,000 shares during the period. DnB Asset Management AS’s holdings in Parsley Energy were worth $555,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in Parsley Energy by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,043 shares of the oil and natural gas company’s stock valued at $107,000 after buying an additional 251 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Parsley Energy during the first quarter valued at approximately $133,000. Creative Planning boosted its stake in Parsley Energy by 4,425.0% in the first quarter. Creative Planning now owns 4,525 shares of the oil and natural gas company’s stock valued at $147,000 after buying an additional 4,425 shares during the last quarter. Fortaleza Asset Management Inc. boosted its stake in Parsley Energy by 50.3% in the first quarter. Fortaleza Asset Management Inc. now owns 4,540 shares of the oil and natural gas company’s stock valued at $148,000 after buying an additional 1,520 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Parsley Energy by 6.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,716 shares of the oil and natural gas company’s stock valued at $153,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Parsley Energy, Inc. (NYSE:PE) traded down 0.51% during mid-day trading on Friday, reaching $25.35. The company had a trading volume of 2,807,585 shares. The stock has a 50-day moving average of $27.62 and a 200 day moving average of $30.23. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 141.62 and a beta of -0.09. Parsley Energy, Inc. has a 12-month low of $24.68 and a 12-month high of $39.82.

Parsley Energy (NYSE:PE) last released 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 Zacks’ consensus estimate of $0.11 by $0.06. Parsley Energy had a return on equity of 1.70% and a net margin of 5.23%. The firm had revenue of $213.68 million during the quarter, compared to analysts’ expectations of $216.54 million. During the same period in the prior year, the business earned $0.04 earnings per share. The business’s quarterly revenue was up 99.9% compared to the same quarter last year. On average, analysts expect that Parsley Energy, Inc. will post $0.53 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.com-unik.info/2017/08/11/parsley-energy-inc-pe-shares-sold-by-dnb-asset-management-as-updated-updated-updated.html.

PE has been the topic of several research reports. Citigroup Inc. restated a “buy” rating and issued a $48.00 target price (up previously from $40.00) on shares of Parsley Energy in a research note on Saturday, April 22nd. Barclays PLC restated an “overweight” rating and issued a $37.00 target price (down previously from $41.00) on shares of Parsley Energy in a research note on Saturday, April 22nd. BMO Capital Markets set a $40.00 price target on Parsley Energy and gave the stock a “buy” rating in a research report on Thursday, May 4th. UBS AG reaffirmed a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Parsley Energy in a research report on Friday, May 5th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Parsley Energy in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.69.

In related news, Director A R. Alameddine purchased 3,500 shares of Parsley Energy stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $31.65 per share, for a total transaction of $110,775.00. Following the completion of the transaction, the director now owns 94,888 shares in the company, valued at $3,003,205.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Colin Roberts sold 3,400 shares of Parsley Energy stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $30.00, for a total value of $102,000.00. Following the completion of the transaction, the insider now owns 229,326 shares of the company’s stock, valued at $6,879,780. The disclosure for this sale can be found here. Company insiders own 15.51% of the company’s stock.

Parsley Energy Company 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.

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

What are top analysts saying about Parsley Energy Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Parsley Energy Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit