Parsley Energy Inc (PE) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in shares of Parsley Energy Inc (NYSE:PE) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,177 shares of the oil and natural gas company’s stock after selling 4,541 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Parsley Energy were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Element Capital Management LLC purchased a new stake in Parsley Energy in the fourth quarter worth about $14,933,000. Verition Fund Management LLC grew its holdings in Parsley Energy by 152.9% in the fourth quarter. Verition Fund Management LLC now owns 27,137 shares of the oil and natural gas company’s stock worth $799,000 after purchasing an additional 16,407 shares during the period. Millennium Management LLC grew its holdings in Parsley Energy by 12.7% in the fourth quarter. Millennium Management LLC now owns 4,900,711 shares of the oil and natural gas company’s stock worth $144,277,000 after purchasing an additional 551,898 shares during the period. Cider Mill Investments LP grew its holdings in Parsley Energy by 37.4% in the fourth quarter. Cider Mill Investments LP now owns 148,100 shares of the oil and natural gas company’s stock worth $4,360,000 after purchasing an additional 40,307 shares during the period. Finally, TIAA CREF Investment Management LLC grew its holdings in Parsley Energy by 9.5% in the fourth quarter. TIAA CREF Investment Management LLC now owns 9,885,217 shares of the oil and natural gas company’s stock worth $291,021,000 after purchasing an additional 855,841 shares during the period. Institutional investors own 81.97% of the company’s stock.

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A number of brokerages have weighed in on PE. Credit Suisse Group cut their price objective on shares of Parsley Energy from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. Williams Capital cut shares of Parsley Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from $38.00 to $34.00 in a report on Tuesday, January 30th. Morgan Stanley cut shares of Parsley Energy from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 30th. Northland Securities set a $36.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $38.00 price objective on shares of Parsley Energy in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.17.

In related news, Director Ron Brokmeyer acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average price of $25.66 per share, for a total transaction of $51,320.00. Following the completion of the transaction, the director now directly owns 112,128 shares in the company, valued at $2,877,204.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bryan Sheffield acquired 189,500 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average price of $26.34 per share, for a total transaction of $4,991,430.00. Following the transaction, the insider now owns 11,533,063 shares of the company’s stock, valued at $303,780,879.42. The disclosure for this purchase can be found here. 15.51% of the stock is owned by corporate insiders.

PE stock opened at $27.32 on Friday. The stock has a market cap of $8,711.56, a P/E ratio of 66.64, a PEG ratio of 1.37 and a beta of -0.39. Parsley Energy Inc has a 52 week low of $21.12 and a 52 week high of $33.07. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.37.

Parsley Energy (NYSE:PE) last issued its earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. The firm had revenue of $311.49 million for the quarter, compared to the consensus estimate of $298.04 million. Parsley Energy had a net margin of 11.04% and a return on equity of 3.10%. The business’s revenue was up 99.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. research analysts forecast that Parsley Energy Inc will post 1.11 EPS for the current year.

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Parsley Energy 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.

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

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