Parsley Energy Inc (PE) Shares Bought by Tobam

Tobam boosted its position in shares of Parsley Energy Inc (NYSE:PE) by 701.1% during the first quarter, Holdings Channel reports. The fund owned 680,852 shares of the oil and natural gas company’s stock after buying an additional 595,865 shares during the period. Tobam’s holdings in Parsley Energy were worth $22,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fortaleza Asset Management Inc. boosted its position in shares of Parsley Energy by 11.0% in the fourth quarter. Fortaleza Asset Management Inc. now owns 3,020 shares of the oil and natural gas company’s stock worth $106,000 after buying an additional 300 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of 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 worth $107,000 after buying an additional 251 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Parsley Energy during the first quarter worth approximately $133,000. Creative Planning boosted its position in shares of 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 worth $147,000 after buying an additional 4,425 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Parsley Energy by 42.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,630 shares of the oil and natural gas company’s stock worth $171,000 after buying an additional 1,678 shares during the last quarter. Institutional investors own 77.92% of the company’s stock.

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

Shares of Parsley Energy Inc (NYSE:PE) traded up 1.38% during mid-day trading on Friday, reaching $31.61. The company’s stock had a trading volume of 3,531,346 shares. The company’s 50-day moving average is $31.00 and its 200 day moving average is $33.27. Parsley Energy Inc has a 12 month low of $24.12 and a 12 month high of $39.82. The firm’s market cap is $7.79 billion.

Parsley Energy (NYSE:PE) last issued its quarterly earnings data on Thursday, May 4th. The oil and natural gas company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $200.90 million during the quarter, compared to the consensus estimate of $181.23 million. Parsley Energy had a negative net margin of 15.86% and a positive return on equity of 0.24%. The company’s quarterly revenue was up 222.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) earnings per share. On average, equities analysts anticipate that Parsley Energy Inc will post $0.72 EPS for the current year.

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PE has been the subject of several analyst reports. KLR Group raised their target price on Parsley Energy to $57.00 in a research report on Friday, February 10th. Scotiabank set a $45.00 target price on Parsley Energy and gave the stock a “buy” rating in a research report on Saturday, February 25th. FBR & Co reaffirmed a “buy” rating and set a $46.00 target price on shares of Parsley Energy in a research report on Thursday, January 26th. Citigroup Inc reaffirmed a “buy” rating and set a $48.00 target price (up from $40.00) on shares of Parsley Energy in a research report on Saturday, April 22nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $41.00 target price on shares of Parsley Energy in a research report on Tuesday, March 14th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Parsley Energy presently has an average rating of “Buy” and a consensus price target of $40.41.

In other news, Director Jerry Windlinger acquired 3,000 shares of the stock in a transaction dated Tuesday, February 28th. The stock was purchased at an average cost of $30.35 per share, with a total value of $91,050.00. Following the completion of the purchase, the director now owns 5,667 shares in the company, valued at approximately $171,993.45. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director A R. Alameddine acquired 3,500 shares of the stock in a transaction dated Wednesday, March 1st. The shares were purchased at an average cost of $30.94 per share, with a total value of $108,290.00. Following the completion of the purchase, the director now owns 92,988 shares of the company’s stock, valued at approximately $2,877,048.72. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 42,985 shares of company stock valued at $1,306,262 and have sold 1,736,098 shares valued at $54,587,426. Corporate insiders own 24.17% 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.

12 Month Chart for NYSE:PE

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