Honkamp Krueger Financial Services Inc. ADV Buys Shares of 15,003 PDC Energy, Inc. (PDCE)

Honkamp Krueger Financial Services Inc. ADV bought a new position in PDC Energy, Inc. (NASDAQ:PDCE) during the fourth quarter, Holdings Channel reports. The firm bought 15,003 shares of the company’s stock, valued at approximately $1,089,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PDCE. BlackRock Investment Management LLC raised its stake in shares of PDC Energy by 19.7% in the third quarter. BlackRock Investment Management LLC now owns 252,240 shares of the company’s stock worth $16,915,000 after buying an additional 41,593 shares during the last quarter. New York State Common Retirement Fund increased its position in PDC Energy by 3.7% in the third quarter. New York State Common Retirement Fund now owns 319,504 shares of the company’s stock valued at $21,426,000 after buying an additional 11,519 shares during the period. OZ Management LP acquired a new position in PDC Energy during the third quarter valued at approximately $26,824,000. BlackRock Institutional Trust Company N.A. increased its position in PDC Energy by 6.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,272,393 shares of the company’s stock valued at $85,327,000 after buying an additional 71,818 shares during the period. Finally, Ameriprise Financial Inc. increased its position in PDC Energy by 5.7% in the third quarter. Ameriprise Financial Inc. now owns 1,084,513 shares of the company’s stock valued at $72,728,000 after buying an additional 58,407 shares during the period.

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

Shares of PDC Energy, Inc. (NASDAQ:PDCE) traded up 2.16% on Friday, reaching $73.45. 989,777 shares of the company’s stock traded hands. The firm’s market capitalization is $4.09 billion. The company has a 50 day moving average price of $74.61 and a 200 day moving average price of $67.65. PDC Energy, Inc. has a 52 week low of $44.44 and a 52 week high of $84.88.

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A number of brokerages recently commented on PDCE. Zacks Investment Research upgraded shares of PDC Energy from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Wednesday. Nomura reiterated a “hold” rating and set a $66.00 target price on shares of PDC Energy in a research note on Monday, November 7th. KLR Group upgraded shares of PDC Energy from an “accumulate” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Friday, January 20th. Canaccord Genuity set a $84.00 target price on shares of PDC Energy and gave the stock a “buy” rating in a research note on Thursday, January 12th. Finally, Mizuho boosted their target price on shares of PDC Energy from $70.00 to $81.00 and gave the stock a “neutral” rating in a research note on Monday, December 5th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $76.14.

In other PDC Energy news, CAO R Scott Meyers sold 3,000 shares of the firm’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $75.41, for a total transaction of $226,230.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,073 shares of the company’s stock, valued at approximately $1,136,654.93. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Barton R. Brookman, Jr. sold 1,700 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $73.53, for a total transaction of $125,001.00. Following the transaction, the chief executive officer now directly owns 143,010 shares of the company’s stock, valued at $10,515,525.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,291 shares of company stock valued at $1,620,253. 1.80% of the stock is owned by company insiders.

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.

5 Day Chart for NASDAQ:PDCE

Want to see what other hedge funds are holding PDCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PDC Energy, Inc. (NASDAQ:PDCE).

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