Segall Bryant & Hamill LLC trimmed its position in PDC Energy Inc (NASDAQ:PDCE) by 19.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,334 shares of the energy producer’s stock after selling 20,920 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.14% of PDC Energy worth $4,380,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. NWQ Investment Management Company LLC raised its holdings in PDC Energy by 59.5% during the 3rd quarter. NWQ Investment Management Company LLC now owns 934,532 shares of the energy producer’s stock worth $45,820,000 after buying an additional 348,699 shares during the period. Mackenzie Financial Corp acquired a new stake in PDC Energy during the 3rd quarter worth approximately $1,618,000. Precocity Capital LP acquired a new stake in PDC Energy during the 3rd quarter worth approximately $21,083,000. Carmignac Gestion raised its holdings in PDC Energy by 33.3% during the 3rd quarter. Carmignac Gestion now owns 280,000 shares of the energy producer’s stock worth $13,728,000 after buying an additional 70,000 shares during the period. Finally, Moody Aldrich Partners LLC raised its holdings in PDC Energy by 14.9% during the 3rd quarter. Moody Aldrich Partners LLC now owns 8,741 shares of the energy producer’s stock worth $429,000 after buying an additional 1,136 shares during the period.
Shares of PDC Energy Inc (PDCE) opened at $44.47 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. PDC Energy Inc has a fifty-two week low of $36.74 and a fifty-two week high of $84.88. The stock has a market cap of $2,930.00, a P/E ratio of 110.36 and a beta of 0.80.
In other news, COO Scott J. Reasoner sold 1,000 shares of PDC Energy stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $49.64, for a total value of $49,640.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.
Several brokerages have commented on PDCE. BidaskClub downgraded shares of PDC Energy from a “hold” rating to a “sell” rating in a report on Thursday. Barclays raised their target price on shares of PDC Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. BMO Capital Markets set a $55.00 target price on shares of PDC Energy and gave the stock a “hold” rating in a report on Tuesday, November 14th. Wolfe Research began coverage on shares of PDC Energy in a report on Tuesday, November 14th. They set a “market perform” rating on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $81.00 target price (down from $82.00) on shares of PDC Energy in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $69.00.
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PDC Energy Profile
PDC Energy, Inc is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing.
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