Large Outflow of Money Witnessed in Parsley Energy

Parsley Energy (PE): The stock had negative money flow to the tune of ($6.51 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $12.18 million, whereas, the outflow of money on downticks was $18.7 million and the ratio between the two was 0.65. The block trade had a negative net money flow of ($5.79 million). On the other hand, downticks amounted to $5.79 million of the traded value, which shows distribution in the stock by traders. Parsley Energy (PE) closed with marginal gains of 57 cents to end the day at $34.86, an increase of 1.66% over the previous days close. The stock recorded 2.8% for the week.


The company Insiders own 24.17% of Parsley Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.77% . Institutional Investors own 85.1% of Parsley Energy shares. During last six month period, the net percent change held by insiders has seen a change of 2.74%.

In a related news, The Securities and Exchange Commission has divulged that Hinson Mike, officer (See Remarks) of Parsley Energy, Inc., had unloaded 25,000 shares at an average price of $33.62 in a transaction dated on August 24, 2016. The total value of the transaction was worth $840,500.

Parsley Energy (NYSE:PE): The stock opened at $34.9 and touched an intraday high of $35 on Friday. During the day, the stock corrected to an intraday low of $34.62, however, the bulls stepped in and pushed the price higher to close in the green at $34.86 with a gain of 1.66% for the day. The total traded volume for the day was 2,914,314. The stock had closed at $34.29 in the previous trading session.

Parsley Energy (PE) : Traders are bullish on Parsley Energy (PE) as it has outperformed the S&P 500 by a wide margin of 7.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.8% in the last 1 week, and is up 7.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Parsley Energy, Inc. is an independent oil and natural gas company. The Company is focused 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 comprises three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Companys properties are primarily located in the Midland and Delaware Basins and its activities have been focused on the vertical development of the Spraberry, Wolfberry and Wolftoka Trends of the Midland Basin. The Companys vertical wells in the area are drilled into stacked pay zones that include the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline), Strawn, Atoka and Mississippian formations. The Companys principal asset is a controlling equity interest in Parsley LLC, and is its managing member. As of December 31, 2014, the Company had interests in 724 gross (416.4 net) producing wells.

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