Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Holdings in Parsley Energy Inc (NYSE:PE)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Parsley Energy Inc (NYSE:PE) by 32.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,630 shares of the oil and natural gas company’s stock after purchasing an additional 9,388 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Parsley Energy were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Sapience Investments LLC boosted its position in Parsley Energy by 0.3% in the 1st quarter. Sapience Investments LLC now owns 209,050 shares of the oil and natural gas company’s stock valued at $4,035,000 after buying an additional 670 shares during the last quarter. Comerica Bank boosted its position in Parsley Energy by 6.8% in the 1st quarter. Comerica Bank now owns 11,311 shares of the oil and natural gas company’s stock valued at $210,000 after buying an additional 720 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Parsley Energy by 6.6% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,172 shares of the oil and natural gas company’s stock valued at $273,000 after buying an additional 877 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Parsley Energy by 4.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 22,007 shares of the oil and natural gas company’s stock valued at $425,000 after buying an additional 954 shares during the last quarter. Finally, Sumitomo Life Insurance Co. boosted its position in Parsley Energy by 2.3% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 43,399 shares of the oil and natural gas company’s stock valued at $825,000 after buying an additional 994 shares during the last quarter. 82.72% of the stock is owned by institutional investors.

A number of research firms have weighed in on PE. ValuEngine raised shares of Parsley Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, August 26th. Zacks Investment Research cut shares of Parsley Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. TD Securities upped their price objective on shares of Parsley Energy from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Robert W. Baird set a $22.00 price objective on shares of Parsley Energy and gave the company a “buy” rating in a research report on Thursday, June 27th. Finally, Cowen set a $24.00 target price on shares of Parsley Energy and gave the company a “buy” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.95.

PE traded up $0.06 on Wednesday, hitting $17.43. 43,799 shares of the company’s stock were exchanged, compared to its average volume of 4,819,209. The firm has a market cap of $5.67 billion, a PE ratio of 12.34, a P/E/G ratio of 0.36 and a beta of 0.49. Parsley Energy Inc has a twelve month low of $13.72 and a twelve month high of $31.05. The stock has a fifty day moving average of $16.32 and a two-hundred day moving average of $18.23. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36.

Parsley Energy (NYSE:PE) last released its quarterly earnings data on Tuesday, August 6th. The oil and natural gas company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $198.50 million for the quarter, compared to analyst estimates of $467.53 million. Parsley Energy had a net margin of 13.69% and a return on equity of 5.72%. Parsley Energy’s quarterly revenue was down 57.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, analysts predict that Parsley Energy Inc will post 1.39 EPS for the current year.

The firm also recently disclosed a — dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, September 19th.

Parsley Energy Company Profile

Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe.

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

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