Capital Impact Advisors LLC Has $2.87 Million Position in Parsley Energy Inc (NYSE:PE)

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Capital Impact Advisors LLC lowered its position in Parsley Energy Inc (NYSE:PE) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,068 shares of the oil and natural gas company’s stock after selling 5,354 shares during the period. Parsley Energy comprises 1.0% of Capital Impact Advisors LLC’s holdings, making the stock its 22nd largest position. Capital Impact Advisors LLC’s holdings in Parsley Energy were worth $2,869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seven Eight Capital LP boosted its stake in Parsley Energy by 22.1% in the 3rd quarter. Seven Eight Capital LP now owns 212,854 shares of the oil and natural gas company’s stock worth $6,226,000 after purchasing an additional 38,500 shares during the period. Oakbrook Investments LLC acquired a new position in Parsley Energy in the 3rd quarter worth $453,000. Aperio Group LLC boosted its stake in Parsley Energy by 25.2% in the 3rd quarter. Aperio Group LLC now owns 42,483 shares of the oil and natural gas company’s stock worth $1,243,000 after purchasing an additional 8,540 shares during the period. Highland Capital Management LLC acquired a new position in Parsley Energy in the 3rd quarter worth $502,000. Finally, Gradient Investments LLC boosted its stake in Parsley Energy by 22.1% in the 3rd quarter. Gradient Investments LLC now owns 51,070 shares of the oil and natural gas company’s stock worth $1,494,000 after purchasing an additional 9,231 shares during the period. Institutional investors and hedge funds own 83.90% of the company’s stock.

In related news, Director Hemang Desai purchased 1,000 shares of the stock in a transaction on Tuesday, September 4th. The shares were purchased at an average cost of $27.32 per share, with a total value of $27,320.00. Following the acquisition, the director now directly owns 31,886 shares in the company, valued at $871,125.52. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bryan Sheffield sold 2,500,000 shares of the stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $28.15, for a total transaction of $70,375,000.00. Following the completion of the transaction, the insider now directly owns 9,033,063 shares in the company, valued at $254,280,723.45. The disclosure for this sale can be found here. 13.17% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on the stock. Piper Jaffray Companies restated a “buy” rating and set a $49.00 price objective on shares of Parsley Energy in a research note on Friday, July 20th. Zacks Investment Research downgraded shares of Parsley Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Stifel Nicolaus set a $58.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Williams Capital set a $38.00 price objective on shares of Parsley Energy and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Finally, Jefferies Financial Group increased their price objective on shares of Parsley Energy from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.33.

Shares of PE stock traded up $0.50 on Friday, reaching $24.47. The stock had a trading volume of 4,474,752 shares, compared to its average volume of 5,141,581. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.93 and a current ratio of 0.70. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 0.50 and a beta of -0.13. Parsley Energy Inc has a 12 month low of $21.12 and a 12 month high of $33.43.

Parsley Energy (NYSE:PE) last issued its earnings results on Thursday, November 1st. The oil and natural gas company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $493.44 million. Parsley Energy had a net margin of 21.70% and a return on equity of 6.77%. Parsley Energy’s quarterly revenue was up 112.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. Sell-side analysts predict that Parsley Energy Inc will post 1.65 EPS for the current fiscal year.

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About Parsley Energy

Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico. As of December 31, 2017, its acreage position consisted of 219,747 net acres, including 174,392 net acres in the Midland Basin and 45,355 net acres in the Delaware Basin; and 241.0 net producing horizontal wells and 731.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 416.4 MMBoe.

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

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