Stephens Investment Management Group LLC reduced its holdings in shares of PDC Energy, Inc. (NASDAQ:PDCE) by 31.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,502 shares of the energy producer’s stock after selling 32,797 shares during the quarter. Stephens Investment Management Group LLC owned 0.11% of PDC Energy worth $3,555,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in PDC Energy by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock worth $103,000 after buying an additional 209 shares during the period. Seven Eight Capital LP purchased a new stake in PDC Energy during the second quarter worth approximately $107,000. Flinton Capital Management LLC grew its stake in PDC Energy by 67.0% during the second quarter. Flinton Capital Management LLC now owns 2,912 shares of the energy producer’s stock worth $126,000 after buying an additional 1,168 shares during the period. Connable Office Inc. purchased a new stake in PDC Energy during the third quarter worth approximately $202,000. Finally, World Asset Management Inc purchased a new stake in PDC Energy during the third quarter worth approximately $216,000.
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Shares of PDC Energy, Inc. (NASDAQ:PDCE) traded up $0.37 during trading hours on Thursday, hitting $45.34. 467,400 shares of the company’s stock were exchanged, compared to its average volume of 1,090,093. The firm has a market capitalization of $2,962.30, a PE ratio of 115.31 and a beta of 0.82. PDC Energy, Inc. has a 52 week low of $36.74 and a 52 week high of $84.88. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43.
In other PDC Energy news, COO Scott J. Reasoner sold 1,000 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $49.64, for a total transaction of $49,640.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.
About PDC Energy
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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