Tricadia Capital Management LLC cut its stake in Parsley Energy Inc (NYSE:PE) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,500 shares of the oil and natural gas company’s stock after selling 8,750 shares during the period. Parsley Energy comprises approximately 0.2% of Tricadia Capital Management LLC’s portfolio, making the stock its 28th largest position. Tricadia Capital Management LLC’s holdings in Parsley Energy were worth $515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PE. Swiss National Bank raised its holdings in shares of Parsley Energy by 0.4% in the fourth quarter. Swiss National Bank now owns 818,500 shares of the oil and natural gas company’s stock valued at $24,097,000 after buying an additional 2,900 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Parsley Energy by 31.2% in the fourth quarter. California Public Employees Retirement System now owns 582,093 shares of the oil and natural gas company’s stock valued at $17,137,000 after buying an additional 138,593 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Parsley Energy in the fourth quarter valued at about $249,000. Icon Advisers Inc. Co. raised its holdings in shares of Parsley Energy by 134.4% in the fourth quarter. Icon Advisers Inc. Co. now owns 692,310 shares of the oil and natural gas company’s stock valued at $20,382,000 after buying an additional 396,900 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Parsley Energy by 655.5% in the fourth quarter. Teacher Retirement System of Texas now owns 59,894 shares of the oil and natural gas company’s stock valued at $1,763,000 after buying an additional 51,966 shares during the last quarter. 80.19% of the stock is owned by hedge funds and other institutional investors.

PE has been the subject of a number of research reports. Imperial Capital upped their target price on shares of Parsley Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. JPMorgan Chase & Co. dropped their price target on shares of Parsley Energy from $44.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Barclays boosted their price target on shares of Parsley Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target (down from $37.00) on shares of Parsley Energy in a research note on Sunday, November 12th. Finally, Robert W. Baird started coverage on shares of Parsley Energy in a research note on Tuesday, December 19th. They set an “outperform” rating and a $33.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $37.38.

Parsley Energy Inc (NYSE PE) opened at $21.74 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Parsley Energy Inc has a 1 year low of $21.12 and a 1 year high of $33.07. The firm has a market cap of $6,830.00, a PE ratio of 310.57, a price-to-earnings-growth ratio of 0.86 and a beta of -0.32.

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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.

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

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