QS Investors LLC grew its position in Parsley Energy, Inc. (NYSE:PE) by 27.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,319 shares of the oil and natural gas company’s stock after purchasing an additional 4,000 shares during the period. QS Investors LLC’s holdings in Parsley Energy were worth $508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Apollo Management Holdings L.P. purchased a new stake in shares of Parsley Energy during the 2nd quarter valued at about $414,418,000. BlackRock Inc. raised its holdings in shares of Parsley Energy by 6,471.4% during the 1st quarter. BlackRock Inc. now owns 11,215,157 shares of the oil and natural gas company’s stock valued at $364,606,000 after buying an additional 11,044,492 shares during the period. Vanguard Group Inc. raised its holdings in shares of Parsley Energy by 47.3% during the 1st quarter. Vanguard Group Inc. now owns 18,418,741 shares of the oil and natural gas company’s stock valued at $598,793,000 after buying an additional 5,913,072 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Parsley Energy by 250.9% during the 2nd quarter. Victory Capital Management Inc. now owns 7,264,371 shares of the oil and natural gas company’s stock valued at $201,586,000 after buying an additional 5,194,292 shares during the period. Finally, FMR LLC raised its holdings in shares of Parsley Energy by 40.2% during the 2nd quarter. FMR LLC now owns 10,091,313 shares of the oil and natural gas company’s stock valued at $280,034,000 after buying an additional 2,893,045 shares during the period. 77.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of Parsley Energy, Inc. (NYSE:PE) opened at 26.79 on Tuesday. The stock has a market capitalization of $6.63 billion, a P/E ratio of 149.66 and a beta of -0.05. The firm’s 50-day moving average price is $25.82 and its 200 day moving average price is $28.03. Parsley Energy, Inc. has a 12-month low of $22.98 and a 12-month high of $39.82.

Parsley Energy (NYSE:PE) last announced its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). Parsley Energy had a net margin of 5.23% and a return on equity of 1.70%. The business had revenue of $213.68 million for the quarter, compared to the consensus estimate of $216.54 million. During the same quarter in the previous year, the company earned $0.04 EPS. Parsley Energy’s revenue for the quarter was up 99.9% compared to the same quarter last year. Analysts predict that Parsley Energy, Inc. will post $0.48 EPS for the current fiscal year.

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Several equities research analysts recently commented on the company. BidaskClub downgraded Parsley Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Parsley Energy from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Seaport Global Securities downgraded Parsley Energy from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Monday, July 17th. Northland Securities set a $43.00 target price on Parsley Energy and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $39.00 target price on shares of Parsley Energy in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating and twenty-three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $41.00.

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.

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

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