Hellman Jordan Management Co. Inc. MA purchased a new stake in Parsley Energy Inc (NYSE:PE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,247 shares of the oil and natural gas company’s stock, valued at approximately $366,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in PE. Nuveen Asset Management LLC raised its stake in Parsley Energy by 1,349.5% in the second quarter. Nuveen Asset Management LLC now owns 19,366,848 shares of the oil and natural gas company’s stock worth $368,163,000 after buying an additional 18,030,770 shares in the last quarter. York Capital Management Global Advisors LLC bought a new position in Parsley Energy in the second quarter worth approximately $45,043,000. Invesco Ltd. raised its stake in Parsley Energy by 28.8% in the second quarter. Invesco Ltd. now owns 7,101,220 shares of the oil and natural gas company’s stock worth $134,995,000 after buying an additional 1,587,326 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. bought a new position in Parsley Energy in the second quarter worth approximately $29,599,000. Finally, Victory Capital Management Inc. raised its stake in Parsley Energy by 22.2% in the second quarter. Victory Capital Management Inc. now owns 8,321,521 shares of the oil and natural gas company’s stock worth $158,192,000 after buying an additional 1,511,168 shares in the last quarter. Hedge funds and other institutional investors own 82.62% of the company’s stock.
A number of equities analysts recently commented on PE shares. Morgan Stanley set a $21.00 price objective on shares of Parsley Energy and gave the stock a “hold” rating in a research note on Monday, June 24th. Robert W. Baird set a $22.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Thursday, June 27th. ValuEngine raised shares of Parsley Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, August 26th. Citigroup reduced their price objective on shares of Parsley Energy from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, TD Securities boosted their price objective on shares of Parsley Energy from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $28.69.
Shares of PE stock traded down $0.22 during trading hours on Monday, reaching $16.80. 209,917 shares of the company’s stock were exchanged, compared to its average volume of 4,254,746. The stock’s 50 day moving average is $17.33 and its 200-day moving average is $18.18. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 0.34 and a beta of 0.49. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36. Parsley Energy Inc has a fifty-two week low of $13.72 and a fifty-two week high of $31.05.
Parsley Energy (NYSE:PE) last announced its quarterly earnings data on Tuesday, August 6th. The oil and natural gas company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $198.50 million for the quarter, compared to analyst estimates of $467.53 million. Parsley Energy had a net margin of 13.69% and a return on equity of 5.72%. The business’s quarterly revenue was down 57.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. Equities analysts anticipate that Parsley Energy Inc will post 1.44 EPS for the current year.
The business also recently disclosed a — dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, September 19th. Parsley Energy’s dividend payout ratio (DPR) is presently 8.51%.
Parsley Energy Company Profile
Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe.
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