Stifel Financial Corp Has $839,000 Holdings in PDC Energy Inc (PDCE)

Stifel Financial Corp lowered its position in shares of PDC Energy Inc (NASDAQ:PDCE) by 94.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,061 shares of the energy producer’s stock after selling 267,431 shares during the quarter. Stifel Financial Corp’s holdings in PDC Energy were worth $839,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of PDC Energy by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock valued at $103,000 after buying an additional 209 shares during the last quarter. Comerica Bank raised its position in shares of PDC Energy by 1.4% during the second quarter. Comerica Bank now owns 66,958 shares of the energy producer’s stock valued at $3,004,000 after buying an additional 895 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of PDC Energy by 24.0% during the second quarter. Ameritas Investment Partners Inc. now owns 5,805 shares of the energy producer’s stock valued at $250,000 after buying an additional 1,123 shares during the last quarter. Moody Aldrich Partners LLC raised its position in shares of PDC Energy by 14.9% during the third quarter. Moody Aldrich Partners LLC now owns 8,741 shares of the energy producer’s stock valued at $429,000 after buying an additional 1,136 shares during the last quarter. Finally, Flinton Capital Management LLC raised its position in shares of PDC Energy by 67.0% during the second quarter. Flinton Capital Management LLC now owns 2,912 shares of the energy producer’s stock valued at $126,000 after buying an additional 1,168 shares during the last quarter.

In related news, COO Scott J. Reasoner sold 1,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $49.64, for a total value of $49,640.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.91% of the company’s stock.

PDCE has been the topic of several recent analyst reports. Stifel Nicolaus set a $69.00 price objective on shares of PDC Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. BMO Capital Markets set a $55.00 price objective on shares of PDC Energy and gave the company a “hold” rating in a research report on Tuesday, November 14th. SunTrust Banks set a $55.00 price objective on shares of PDC Energy and gave the company a “buy” rating in a research report on Sunday, October 29th. KeyCorp reiterated a “buy” rating and set a $50.00 price objective on shares of PDC Energy in a research report on Tuesday, September 19th. Finally, Barclays lifted their price objective on shares of PDC Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, November 20th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $66.60.

Shares of PDC Energy Inc (PDCE) opened at $52.12 on Friday. PDC Energy Inc has a 1 year low of $36.74 and a 1 year high of $78.61. The firm has a market cap of $3,424.73, a price-to-earnings ratio of -12.84 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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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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Institutional Ownership by Quarter for PDC Energy (NASDAQ:PDCE)

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