Dimensional Fund Advisors LP Acquires 197,076 Shares of Parsley Energy Inc (PE)

Dimensional Fund Advisors LP increased its holdings in Parsley Energy Inc (NYSE:PE) by 28.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 878,270 shares of the oil and natural gas company’s stock after purchasing an additional 197,076 shares during the period. Dimensional Fund Advisors LP owned approximately 0.28% of Parsley Energy worth $23,133,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Parsley Energy by 3.2% in the second quarter. Vanguard Group Inc. now owns 19,016,423 shares of the oil and natural gas company’s stock worth $527,706,000 after purchasing an additional 597,682 shares in the last quarter. Boston Partners raised its position in Parsley Energy by 19.3% in the third quarter. Boston Partners now owns 15,267,555 shares of the oil and natural gas company’s stock worth $402,148,000 after purchasing an additional 2,466,399 shares in the last quarter. BlackRock Inc. raised its position in Parsley Energy by 2.0% in the second quarter. BlackRock Inc. now owns 11,438,545 shares of the oil and natural gas company’s stock worth $317,419,000 after purchasing an additional 223,388 shares in the last quarter. FMR LLC raised its position in Parsley Energy by 40.2% in the second quarter. FMR LLC now owns 10,091,313 shares of the oil and natural gas company’s stock worth $280,034,000 after purchasing an additional 2,893,045 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Parsley Energy by 7.5% in the third quarter. Victory Capital Management Inc. now owns 7,808,299 shares of the oil and natural gas company’s stock worth $205,671,000 after purchasing an additional 543,928 shares in the last quarter. 80.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Parsley Energy Inc (NYSE:PE) opened at $29.20 on Friday. Parsley Energy Inc has a 52 week low of $22.98 and a 52 week high of $37.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $9,180.00, a P/E ratio of 417.14, a PEG ratio of 0.98 and a beta of -0.05.

Parsley Energy (NYSE:PE) last released its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Parsley Energy had a net margin of 3.22% and a return on equity of 1.87%. The business had revenue of $241.02 million for the quarter, compared to analysts’ expectations of $234.58 million. During the same period in the prior year, the firm earned $0.05 earnings per share. Parsley Energy’s revenue was up 81.8% compared to the same quarter last year. analysts anticipate that Parsley Energy Inc will post 0.51 EPS for the current fiscal year.

Several brokerages have weighed in on PE. Williams Capital decreased their price objective on shares of Parsley Energy from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. Citigroup decreased their price objective on shares of Parsley Energy from $51.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. Barclays set a $32.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Wednesday, October 11th. BMO Capital Markets set a $35.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Jefferies Group began coverage on shares of Parsley Energy in a research note on Monday, October 9th. They set a “buy” rating and a $34.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Parsley Energy presently has an average rating of “Buy” and an average price target of $38.76.

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About Parsley Energy

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.

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

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