PDC Energy, Inc. (PDCE) Holdings Lessened by King Luther Capital Management Corp
King Luther Capital Management Corp trimmed its holdings in PDC Energy, Inc. (NASDAQ:PDCE) by 47.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,815 shares of the energy producer’s stock after selling 31,470 shares during the period. King Luther Capital Management Corp owned about 0.05% of PDC Energy worth $1,707,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in PDCE. Mackenzie Financial Corp acquired a new stake in shares of PDC Energy during the 3rd quarter valued at approximately $1,618,000. Precocity Capital LP acquired a new stake in shares of PDC Energy during the 3rd quarter valued at approximately $21,083,000. Carmignac Gestion raised its position in shares of PDC Energy by 33.3% during the 3rd quarter. Carmignac Gestion now owns 280,000 shares of the energy producer’s stock valued at $13,728,000 after acquiring an additional 70,000 shares in the last quarter. Moody Aldrich Partners LLC raised its position in shares of PDC Energy by 14.9% during the 3rd quarter. Moody Aldrich Partners LLC now owns 8,741 shares of the energy producer’s stock valued at $429,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of PDC Energy by 19.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 350,502 shares of the energy producer’s stock valued at $17,186,000 after acquiring an additional 57,465 shares in the last quarter.
In other news, COO Scott J. Reasoner sold 1,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $49.64, for a total value of $49,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.91% of the company’s stock.
PDC Energy, Inc. (PDCE) opened at $44.47 on Friday. PDC Energy, Inc. has a 52 week low of $36.74 and a 52 week high of $84.88. The stock has a market capitalization of $2,738.33, a price-to-earnings ratio of 106.59 and a beta of 0.80. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43.
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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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