PDC Energy, Inc. (PDCE) Holdings Lifted by NWQ Investment Management Company LLC

NWQ Investment Management Company LLC grew its position in PDC Energy, Inc. (NASDAQ:PDCE) by 59.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 934,532 shares of the energy producer’s stock after buying an additional 348,699 shares during the quarter. NWQ Investment Management Company LLC owned approximately 1.42% of PDC Energy worth $45,820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PDCE. Aperio Group LLC boosted its holdings in shares of PDC Energy by 40.4% in the second quarter. Aperio Group LLC now owns 21,933 shares of the energy producer’s stock worth $946,000 after buying an additional 6,307 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of PDC Energy by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 13,200 shares of the energy producer’s stock worth $569,000 after purchasing an additional 480 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of PDC Energy by 4.6% in the second quarter. Great West Life Assurance Co. Can now owns 82,891 shares of the energy producer’s stock worth $3,572,000 after purchasing an additional 3,671 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of PDC Energy by 0.8% in the second quarter. Texas Permanent School Fund now owns 40,812 shares of the energy producer’s stock worth $1,759,000 after purchasing an additional 342 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of PDC Energy by 41.5% in the second quarter. Retirement Systems of Alabama now owns 44,300 shares of the energy producer’s stock worth $1,910,000 after purchasing an additional 13,000 shares in the last quarter.

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 document filed with the SEC, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

A number of analysts have recently issued reports on the stock. Imperial Capital assumed coverage on shares of PDC Energy in a research report on Friday, August 18th. They issued an “outperform” rating and a $66.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and issued a $76.00 price target on shares of PDC Energy in a research report on Wednesday, August 16th. Seaport Global Securities raised shares of PDC Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $46.00 to $51.00 in a research report on Friday, August 11th. Mizuho raised shares of PDC Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $53.00 to $55.00 in a research report on Wednesday, August 9th. Finally, Jefferies Group assumed coverage on shares of PDC Energy in a research report on Monday, October 9th. They issued a “buy” rating and a $60.00 price target for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. PDC Energy currently has an average rating of “Hold” and a consensus price target of $69.00.

PDC Energy, Inc. (NASDAQ:PDCE) opened at $41.57 on Thursday. PDC Energy, Inc. has a 52-week low of $36.74 and a 52-week high of $84.88. The company has a market cap of $2,835.17, a P/E ratio of 110.36 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90.

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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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Institutional Ownership by Quarter for PDC Energy (NASDAQ:PDCE)

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