Key Group Holdings Cayman LTD Has Raised Parsley Energy INC (PE) Position by $38.30 Million as Stock Value Rose

June 16, 2018 - By Stephen Andrade

Investors sentiment increased to 1.12 in Q1 2018. Its up 0.11, from 1.01 in 2017Q4. It improved, as 46 investors sold PE shares while 90 reduced holdings. 48 funds opened positions while 104 raised stakes. 255.01 million shares or 1.42% more from 251.44 million shares in 2017Q4 were reported. 47,519 are owned by Advsrs Asset Mngmt Inc. Employees Retirement Sys Of Ohio invested 0.02% in Parsley Energy, Inc. (NYSE:PE). Amalgamated Fincl Bank owns 0.04% invested in Parsley Energy, Inc. (NYSE:PE) for 48,173 shares. Cue Fincl Gp reported 0.42% of its portfolio in Parsley Energy, Inc. (NYSE:PE). Btg Pactual Global Asset Mngmt stated it has 450,000 shares or 3.5% of all its holdings. 15,185 are owned by Boothbay Fund Ltd Liability Corp. 464,355 are held by Alliancebernstein Lp. Cibc Asset Mgmt owns 0% invested in Parsley Energy, Inc. (NYSE:PE) for 8,316 shares. Macquarie Group Incorporated invested in 214,510 shares. Silvercrest Asset Mgmt Gru Lc reported 0.03% stake. Moreover, Omega Advsrs Incorporated has 2.37% invested in Parsley Energy, Inc. (NYSE:PE) for 2.19 million shares. Moore Capital Mngmt Lp invested 0.01% in Parsley Energy, Inc. (NYSE:PE). Point72 Asset Management Lp holds 2.75M shares. Menta Capital Lc holds 0.1% in Parsley Energy, Inc. (NYSE:PE) or 16,634 shares. Caymus Cap Ptnrs LP has 11.51% invested in Parsley Energy, Inc. (NYSE:PE).

Since February 26, 2018, it had 3 buys, and 6 insider sales for $3.29 million activity. Another trade for 60,742 shares valued at $1.93M was made by Dalton Ryan on Tuesday, May 8. Brokmeyer Ron bought $51,320 worth of Parsley Energy, Inc. (NYSE:PE) on Wednesday, February 28. Another trade for 189,500 shares valued at $4.99M was made by Sheffield Bryan on Monday, February 26. ALAMEDDINE A R bought $259,900 worth of stock or 10,000 shares. 142,971 shares were sold by Gallagher Matthew, worth $4.54 million on Tuesday, May 8. Hinson Mike sold 41,681 shares worth $1.33 million.

Key Group Holdings Cayman Ltd increased its stake in Parsley Energy Inc (PE) by 45.48% based on its latest 2018Q1 regulatory filing with the SEC. Key Group Holdings Cayman Ltd bought 1.37M shares as the company’s stock rose 12.25% while stock markets declined. The hedge fund held 4.38 million shares of the energy company at the end of 2018Q1, valued at $126.83M, up from 3.01 million at the end of the previous reported quarter. Key Group Holdings Cayman Ltd who had been investing in Parsley Energy Inc for a number of months, seems to be bullish on the $8.68B market cap company. The stock decreased 2.78% or $0.77 during the last trading session, reaching $26.95. About 7.99M shares traded or 29.43% up from the average. Parsley Energy, Inc. (NYSE:PE) has declined 3.98% since June 16, 2017 and is downtrending. It has underperformed by 16.55% the S&P500.

Key Group Holdings Cayman Ltd, which manages about $1.99 billion and $1.49B US Long portfolio, decreased its stake in Qep Res Inc (NYSE:QEP) by 3.04 million shares to 4.40M shares, valued at $43.05 million in 2018Q1, according to the filing. It also reduced its holding in Peabody Energy Corp New by 372,355 shares in the quarter, leaving it with 1.04M shares, and cut its stake in Turquoise Hill Res Ltd (NYSE:TRQ).

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

Among 18 analysts covering Parsley Energy Inc (NYSE:PE), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Parsley Energy Inc had 37 analyst reports since December 19, 2017 according to SRatingsIntel. On Friday, February 2 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, March 2. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, April 20. The rating was maintained by JP Morgan on Tuesday, March 13 with “Overweight”. The rating was maintained by Credit Suisse with “Buy” on Tuesday, January 23. The company was maintained on Wednesday, January 24 by Morgan Stanley. As per Monday, January 29, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Williams Capital Group with “Hold” on Monday, May 21. Piper Jaffray maintained the shares of PE in report on Tuesday, January 9 with “Buy” rating. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by SunTrust on Monday, April 16.

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

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