Majedie Asset Management Ltd Bought A Lot More Parsley Energy (PE) Stock

Marco Green
November 15, 2017

The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The Firm is an independent oil and natural gas company. Its position was worth $7,935,000 an increase of 5.9% as of the end of the quarter.

Equity analyst BMO Capital Markets issued a report on PE and giving a rating of "Buy" and establishing a price target of $35.00. Spot Trading L.L.C. acquired a new position in Parsley Energy in the first quarter valued at $565,000. Lombard Odier Asset Management (Usa) holds 0.55% in Parsley Energy Inc (NYSE:PE) or 249,077 shares. Stifel Nicolaus maintained the shares of PE in report on Thursday, October 5 with "Buy" rating. American International Group Inc. now owns 4,858 shares of the oil and natural gas company's stock worth $158,000 after buying an additional 180 shares in the last quarter. Metropolitan Life Ins Commerce holds 13,040 shares. NY raised its position in shares of Parsley Energy by 14.1% during the first quarter. NY now owns 5,949 shares of the oil and natural gas company's stock worth $193,000 after buying an additional 735 shares during the period. Daiwa Securities Group Inc. lifted its position in Parsley Energy by 15.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 19,183 shares of the oil and natural gas company's stock worth $532,000 after buying an additional 1,351 shares during the period. Moreover, Canyon Capital Advisors Llc has 5.23% invested in the company for 5.55 million shares.

Stock analysts at Jefferies Group boosted their FY2017 EPS estimates for Parsley Energy in a research note issued on Friday. Nomura reissued a "buy" rating and set a $17.00 price target on shares of Parsley Energy in a research report on Monday, September 26th. Zacks Investment Research lowered Parsley Energy from a hold rating to a sell rating in a research note on Saturday, July 15th. RBC Capital Markets maintained the stock with "Buy" rating in Friday, November 3 report. Barclays PLC set a $32.00 price objective on Parsley Energy and gave the stock a buy rating in a report on Wednesday, October 11th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Citigroup lowered the price target on October 13 cutting the projection from $51.00 to $49.00 and stated a "Buy" rating.

ILLEGAL ACTIVITY WARNING: This news story was originally published by BBNS and is the sole property of of BBNS. The original version of this news story can be read at https://weekherald.com/2017/11/14/caymus-capital-partners-l-p-has-76-59-million-holdings-in-parsley-energy-inc-pe.html. The stock of Parsley Energy Inc (NYSE:PE) has "Focus Stock" rating given on Monday, November 30 by Howard Weil. The stock declined 2.43% or $0.65 reaching $26.12 per share. 2,487,025 shares of the company's stock were exchanged, compared to its average volume of 4,933,023. Parsley Energy has a 12-month low of $14.51 and a 12-month high of $37.20. Neuberger Berman Ltd Liability Company invested 0% of its portfolio in Parsley Energy Inc (NYSE:PE). The company has market cap of $8.44 billion. Massachusetts Financial Svcs Communication Ma holds 0.02% in Parsley Energy Inc (NYSE:PE) or 1.47M shares. After $0.93 actual EPS reported by Berry Global Group Inc for the previous quarter, Wall Street now forecasts -15.05% negative EPS growth. 3G Prtnrs Limited Partnership has invested 1.12% in Parsley Energy Inc (NYSE:PE). The business earned $132.67 million during the quarter, compared to analysts' expectations of $82.30 million. The firm's revenue for the quarter was up 106.6% compared to the same quarter a year ago.

Parsley Energy (NYSE:PE) last posted its earnings results on Tuesday, November 7th.

Td Asset Management Inc reduced its holdings by selling 8,256 shares a decrease of 27.9% from 06/30/2017 to 09/30/2017. 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.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER