PDC Energy Inc (PDCE) Shares Bought by National Investment Services Inc. WI

National Investment Services Inc. WI boosted its position in shares of PDC Energy Inc (NASDAQ:PDCE) by 70.7% in the fourth quarter, Holdings Channel reports. The fund owned 7,186 shares of the energy producer’s stock after acquiring an additional 2,977 shares during the period. National Investment Services Inc. WI’s holdings in PDC Energy were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in PDCE. BlackRock Inc. increased its holdings in shares of PDC Energy by 5.5% during the 2nd quarter. BlackRock Inc. now owns 7,272,730 shares of the energy producer’s stock worth $313,529,000 after purchasing an additional 381,958 shares during the period. Vanguard Group Inc. increased its holdings in shares of PDC Energy by 13.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,678,422 shares of the energy producer’s stock worth $244,797,000 after purchasing an additional 677,329 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of PDC Energy by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,714,020 shares of the energy producer’s stock worth $160,110,000 after purchasing an additional 328,518 shares during the period. Victory Capital Management Inc. increased its holdings in shares of PDC Energy by 1.4% during the 3rd quarter. Victory Capital Management Inc. now owns 3,018,289 shares of the energy producer’s stock worth $147,987,000 after purchasing an additional 42,425 shares during the period. Finally, State Street Corp increased its holdings in shares of PDC Energy by 24.8% during the 2nd quarter. State Street Corp now owns 2,457,828 shares of the energy producer’s stock worth $105,957,000 after purchasing an additional 487,816 shares during the period.

Several research analysts have recently issued reports on PDCE shares. Jefferies Group started coverage on shares of PDC Energy in a report on Monday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Stifel Nicolaus set a $69.00 price objective on shares of PDC Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. KeyCorp restated a “buy” rating and set a $55.00 price objective on shares of PDC Energy in a report on Tuesday, September 26th. SunTrust Banks set a $55.00 target price on shares of PDC Energy and gave the company a “buy” rating in a research note on Sunday, October 29th. Finally, Mizuho reissued a “buy” rating and issued a $55.00 target price on shares of PDC Energy in a research note on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. PDC Energy has an average rating of “Buy” and a consensus price target of $66.75.

In other PDC Energy news, COO Scott J. Reasoner sold 1,000 shares of the business’s stock in a transaction dated 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 can be accessed through the SEC website. Also, EVP Lance Lauck sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $53.40, for a total transaction of $80,100.00. Following the completion of the transaction, the executive vice president now owns 91,917 shares in the company, valued at $4,908,367.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,000 shares of company stock worth $207,860. Company insiders own 0.91% of the company’s stock.

Shares of PDC Energy Inc (PDCE) opened at $55.48 on Friday. The firm has a market cap of $3,650.00, a PE ratio of -13.67 and a beta of 0.79. PDC Energy Inc has a 52 week low of $36.74 and a 52 week high of $78.61. 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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