Point72 Asset Management LP Increased Its Parsley Energy INC (PE) Stake by $243.73 Million; Shares Rose

During Q2 2018 the big money sentiment increased to 1.28. That’s change of 0.16, from 2018Q1’s 1.12. 31 investors sold all, 101 reduced holdings as PE ratio increased. 99 increased stakes while 70 funds amassed stakes. Funds hold 253.36 million shares thus 0.65% less from 2018Q1’s 255.01 million shares. Manufacturers Life Ins The holds 0% or 10,010 shs. Key Grp Inc Holdings (Cayman) Limited invested in 7.85% or 3.94 million shs. Moreover, Millennium Mngmt Ltd Liability has 0.23% invested in Parsley Energy, Inc. (NYSE:PE). 32,100 are owned by Caisse De Depot Et Placement Du Quebec. Telemark Asset Ltd Co invested 0.76% in Parsley Energy, Inc. (NYSE:PE). Sumitomo Life Insurance, Japan-based fund reported 17,164 shs. Pinnacle holds 0.06% or 88,890 shs. Swiss Natl Bank owns 785,400 shs or 0.03% of their US capital. California State Teachers Retirement Systems has 0.03% invested in Parsley Energy, Inc. (NYSE:PE). Westpac Banking holds 0% or 16,823 shs. Pictet Asset Ltd, a United Kingdom-based fund reported 93,917 shs. Adage Prns Group Inc Ltd Llc invested 0.38% of its capital in Parsley Energy, Inc. (NYSE:PE). Korea Investment holds 0% or 21,600 shs in its capital. Engineers Gate Manager LP invested 0.21% in Parsley Energy, Inc. (NYSE:PE). Nippon Life Glob Investors Americas owns 221,120 shs or 0.53% of their US capital.

PE registered $71.35 million net activity with 1 insider buy and 4 insider sales since May 15, 2018. On Tuesday, May 15 a trade for 10,000 shs valued at $315,900 was made by Roberts Colin. Hinson Mike sold $383,180 worth of stock or 13,328 shs. Another trade for 2.50 million shs valued at $70.38 million was sold by Sheffield Bryan.

The stake In Parsley Energy Inc (PE) was upped owned by Point72 Asset Management Lp. According to 2018Q2 Securities and Exchange filling the decrease is 3249.68%. By buying 8.12M shares Point72 Asset Management Lp made the stock popped up with 0.04%. At the end of 2018Q2, the 8.37M shares of the energy company held by the hedge fund were valued at $253.57 million, up from 250,000 at the end of the previous reported quarter. $7.75 billion is Parsley Energy Inc’s market cap. The stock increased 2.09% or $0.5 during the last trading session, touching $24.47.Parsley Energy, Inc. has 4.47 million shares volume, 9.15% up from normal. PE is uptrending and has moved 16.14% since November 10, 2017. PE outperformed by 0.52% the S&P 500.

About $25.06B US Long portfolio Point72 Asset Management Lp operates. According to a filing the fund decreased its stake in Clovis Oncology Inc (NASDAQ:CLVS) by 990,937 shares to 165,000 shares, valued at $7.50 million in 2018Q2. For a total of 700,000 shares it reduced its holding in Ishares Tr (Call) (IWM) by 175,000 shares in the quarter, and has cut its stake in Sysco Corp (NYSE:SYY).

Parsley Energy, Inc. (NYSE:PE) Ratings Coverage

Total analysts of 10 have positions in Parsley Energy (NYSE:PE) as follows: 8 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 80%. Since May 21, 2018 according to StockzIntelligence Inc Parsley Energy has 12 analyst reports. In Tuesday, August 14 report Jefferies maintained the stock with “Buy” rating. On Monday, November 5 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Wednesday, May 23 the firm has “Buy” rating by Seaport Global given. On Monday, May 21 the company was maintained by Williams Capital Group. On Wednesday, October 24 the company was maintained by Wells Fargo. On Wednesday, September 26 the stock of Parsley Energy, Inc. (NYSE:PE) earned “Equal-Weight” rating by Morgan Stanley. The company rating was maintained by Morgan Stanley on Thursday, May 24. On Wednesday, August 8 the rating was maintained by Stifel Nicolaus with “Buy”. On Monday, November 5 the stock has “Outperform” rating by Macquarie Research.

Parsley Energy, Inc. (NYSE:PE) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.