PDC Energy Inc (PDCE) Shares Bought by Legal & General Group Plc
Legal & General Group Plc grew its holdings in shares of PDC Energy Inc (NASDAQ:PDCE) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,815 shares of the energy producer’s stock after acquiring an additional 521 shares during the quarter. Legal & General Group Plc’s holdings in PDC Energy were worth $4,928,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of PDCE. Texas Permanent School Fund boosted its holdings in PDC Energy by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 43,242 shares of the energy producer’s stock valued at $1,287,000 after acquiring an additional 1,669 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of PDC Energy by 702.1% during the 4th quarter. Squarepoint Ops LLC now owns 66,119 shares of the energy producer’s stock worth $1,968,000 after buying an additional 57,876 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of PDC Energy by 13.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 129,300 shares of the energy producer’s stock worth $3,848,000 after buying an additional 15,138 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of PDC Energy by 27.8% during the 3rd quarter. AQR Capital Management LLC now owns 78,954 shares of the energy producer’s stock worth $3,866,000 after buying an additional 17,162 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of PDC Energy by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 736,641 shares of the energy producer’s stock worth $21,921,000 after buying an additional 48,261 shares in the last quarter.
Shares of PDC Energy stock opened at $44.18 on Thursday. PDC Energy Inc has a 1 year low of $26.59 and a 1 year high of $66.20. The firm has a market cap of $2.88 billion, a PE ratio of -14.93, a price-to-earnings-growth ratio of 0.39 and a beta of 0.76. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.47.
A number of equities analysts have issued reports on the company. Cowen assumed coverage on PDC Energy in a report on Tuesday. They set an “outperform” rating and a $53.00 price target on the stock. BidaskClub upgraded PDC Energy from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research cut PDC Energy from a “buy” rating to a “hold” rating in a report on Saturday, April 6th. ValuEngine upgraded PDC Energy from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, MKM Partners set a $55.00 target price on PDC Energy and gave the stock a “buy” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $59.95.
In other news, Director Anthony J. Crisafio sold 1,500 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $34.21, for a total transaction of $51,315.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott J. Reasoner sold 1,300 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $40.00, for a total value of $52,000.00. Following the transaction, the chief operating officer now owns 91,827 shares of the company’s stock, valued at approximately $3,673,080. The disclosure for this sale can be found here. Insiders have sold a total of 3,300 shares of company stock valued at $125,815 in the last quarter. 1.00% of the stock is owned by corporate insiders.
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PDC Energy Company Profile
PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. Its operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc in June 2012.
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