Monday, February 26, 2018 10:15 PM ET
Significant Insider Buying Reverses neutral Trend over Last 90 Days in Shares of Parsley Energy (PE)
There was significant buying activity in Parsley Energy shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Bryan Sheffield, 10% Owner, Director and Officer — purchased 189,500 shares in the company having a market value of approximately $4,991,430. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trades at Parsley Energy is close to that of the 196 member peer company average. The Oil & Gas Exploration and Production peer group saw 149 buy/sell trades during this period for an average of 0.8 transactions per company. However, trading at Parsley Energy represents a lower number of shares per transaction. Within the peer group there were 44,683,661 shares purchased and 2,512,141 shares sold with company insiders purchasing 443,911 shares on average over this time period.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in composing and writing this story.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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