Tokio Marine Asset Management Co. Ltd. Acquires Shares of 13,900 Parsley Energy Inc (PE)

Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Parsley Energy Inc (NYSE:PE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,900 shares of the oil and natural gas company’s stock, valued at approximately $452,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. raised its stake 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 valued at $106,000 after buying an additional 300 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake 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 valued at $107,000 after buying an additional 251 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Parsley Energy during the first quarter valued at about $133,000. Creative Planning raised its stake 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 valued at $147,000 after buying an additional 4,425 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of 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 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% on Friday, reaching $31.61. 3,531,346 shares of the company’s stock were exchanged. The company’s 50 day moving average is $31.00 and its 200-day moving average is $33.27. The stock’s market cap is $7.79 billion. Parsley Energy Inc has a one year low of $24.12 and a one year high of $39.82.

Parsley Energy (NYSE:PE) last released its earnings results on Thursday, May 4th. The oil and natural gas company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. Parsley Energy had a positive return on equity of 0.24% and a negative net margin of 15.86%. The business had revenue of $200.90 million for the quarter, compared to analyst estimates of $181.23 million. During the same quarter last year, the firm posted ($0.02) earnings per share. The business’s revenue was up 222.5% compared to the same quarter last year. On average, 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 research analyst reports. KLR Group lifted their target price on shares of Parsley Energy to $57.00 in a research report on Friday, February 10th. Scotiabank set a $45.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a research report on Saturday, February 25th. FBR & Co reiterated 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 reiterated 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 reiterated 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 stock. The stock currently has an average rating of “Buy” and an average target price of $40.41.

In other news, Director A R. Alameddine purchased 3,500 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were purchased at an average price of $30.94 per share, for a total transaction of $108,290.00. Following the completion of the purchase, the director now owns 92,988 shares in the company, valued at approximately $2,877,048.72. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jerry Windlinger purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were purchased at an average price of $30.35 per share, for a total transaction of $91,050.00. Following the purchase, the director now owns 5,667 shares of the company’s stock, valued at approximately $171,993.45. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 42,985 shares of company stock worth $1,306,262 and have sold 1,736,098 shares worth $54,587,426. Company 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.

5 Day Chart for NYSE:PE

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