Caymus Capital Partners LP Has Increased Its Parsley Energy INC (PE) Position by $15.36 Million as Share Value Declined

January 15, 2018 - By Stephen Andrade

Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.27, from 1.4 in 2017Q2. It fall, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Profund Advsrs Ltd Com stated it has 9,350 shares. Citigroup reported 83,952 shares. Avalon Advisors Ltd Liability Company invested in 23,821 shares. Waddell And Reed holds 0.11% of its portfolio in Parsley Energy, Inc. (NYSE:PE) for 1.87M shares. Alliancebernstein Ltd Partnership holds 1.76M shares or 0.03% of its portfolio. Guggenheim Capital Llc has 0.02% invested in Parsley Energy, Inc. (NYSE:PE) for 312,864 shares. Comerica Fincl Bank accumulated 24,305 shares. 2.26M were reported by Carlson Limited Partnership. Robeco Institutional Asset Mgmt Bv has invested 0% of its portfolio in Parsley Energy, Inc. (NYSE:PE). 5,795 were reported by Nordea Invest Mgmt. Broadview Advisors Llc reported 67,450 shares. Envestnet Asset Mgmt invested in 5,623 shares. British Columbia Invest Corp holds 0.03% or 149,325 shares. State Common Retirement Fund holds 0.02% or 535,778 shares in its portfolio. California State Teachers Retirement System holds 462,666 shares or 0.03% of its portfolio.

Caymus Capital Partners Lp increased its stake in Parsley Energy Inc (PE) by 25.5% based on its latest 2017Q3 regulatory filing with the SEC. Caymus Capital Partners Lp bought 590,750 shares as the company’s stock declined 0.66% while stock markets rallied. The hedge fund held 2.91M shares of the energy company at the end of 2017Q3, valued at $76.59M, up from 2.32M at the end of the previous reported quarter. Caymus Capital Partners Lp who had been investing in Parsley Energy Inc for a number of months, seems to be bullish on the $9.15 billion market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $29.11. About 9.21 million shares traded or 113.76% up from the average. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since January 15, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Caymus Capital Partners Lp, which manages about $377.99 million and $794.30M US Long portfolio, decreased its stake in Resolute Energy Corp by 258,050 shares to 488,850 shares, valued at $14.51 million in 2017Q3, according to the filing. It also reduced its holding in Rsp Permian Inc (NYSE:RSPP) by 161,450 shares in the quarter, leaving it with 2.06M shares, and cut its stake in Qep Res Inc (NYSE:QEP).

Another recent and important Parsley Energy, Inc. (NYSE:PE) news was published by Bizjournals.com which published an article titled: “Billionaire CEO of Austin oil company to step down” on January 10, 2018.

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

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 32 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Parsley Energy Inc had 113 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Parsley Energy, Inc. (NYSE:PE) has “Buy” rating given on Tuesday, August 15 by Citigroup. The company was downgraded on Monday, May 16 by Howard Weil. On Wednesday, October 11 the stock rating was maintained by Barclays Capital with “Overweight”. The firm earned “Overweight” rating on Tuesday, September 26 by JP Morgan. The rating was maintained by BMO Capital Markets on Thursday, January 11 with “Buy”. RBC Capital Markets upgraded Parsley Energy, Inc. (NYSE:PE) rating on Tuesday, December 15. RBC Capital Markets has “Outperform” rating and $26 target. The company was maintained on Monday, October 23 by Piper Jaffray. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by RBC Capital Markets on Friday, November 10. The stock of Parsley Energy, Inc. (NYSE:PE) has “Buy” rating given on Monday, June 12 by Williams Capital Group. The rating was initiated by KeyBanc Capital Markets with “Overweight” on Friday, August 14.

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