Pdc Energy INC (PDCE) Share Price Declined While Caymus Capital Partners LP Cut Position

August 11, 2017 - By Marguerite Chambers

Investors sentiment decreased to 1.13 in Q4 2016. Its down 0.84, from 1.97 in 2016Q3. It worsened, as 35 investors sold PDCE shares while 88 reduced holdings. 45 funds opened positions while 94 raised stakes. 61.38 million shares or 0.10% less from 61.45 million shares in 2016Q3 were reported. Cornerstone Cap Holding Ltd Liability Com holds 0.03% of its portfolio in PDC Energy Inc (NASDAQ:PDCE) for 54,181 shares. Peak6 LP owns 9,436 shares or 0% of their US portfolio. Peconic Partners Limited Liability Corp holds 120,000 shares or 1.15% of its portfolio. Ameriprise Fincl holds 0.04% of its portfolio in PDC Energy Inc (NASDAQ:PDCE) for 1.10M shares. New York-based D E Shaw And Incorporated has invested 0.02% in PDC Energy Inc (NASDAQ:PDCE). Stifel Financial holds 15,126 shares or 0% of its portfolio. Voya Mngmt, Georgia-based fund reported 27,368 shares. Kalmar De invested in 379,471 shares or 1.42% of the stock. Louisiana State Employees Retirement Sys holds 0.08% of its portfolio in PDC Energy Inc (NASDAQ:PDCE) for 22,400 shares. Whittier Trust Com Of Nevada holds 0% or 352 shares in its portfolio. King Luther Capital Corporation has 134,295 shares. Allianz Asset Mngmt Ag holds 505,434 shares or 0.03% of its portfolio. Blackrock Japan Ltd accumulated 1,538 shares or 0% of the stock. First National Bank & Trust Of Hutchinson holds 0.25% in PDC Energy Inc (NASDAQ:PDCE) or 5,673 shares. Bessemer Group Inc holds 0% of its portfolio in PDC Energy Inc (NASDAQ:PDCE) for 43 shares.

Since March 1, 2017, it had 0 insider buys, and 6 insider sales for $624,541 activity. PARKE DAVID C sold 800 shares worth $53,040. BROOKMAN BARTON R JR also sold $116,467 worth of PDC Energy Inc (NASDAQ:PDCE) shares. Casabona Joseph E. had sold 3,600 shares worth $237,528. On Tuesday, March 7 Crisafio Anthony J sold $98,715 worth of PDC Energy Inc (NASDAQ:PDCE) or 1,500 shares.

Caymus Capital Partners Lp decreased its stake in Pdc Energy Inc (PDCE) by 7.67% based on its latest 2016Q4 regulatory filing with the SEC. Caymus Capital Partners Lp sold 59,100 shares as the company’s stock declined 25.81% while stock markets rallied. The hedge fund held 711,100 shares of the energy company at the end of 2016Q4, valued at $51.61M, down from 770,200 at the end of the previous reported quarter. Caymus Capital Partners Lp who had been investing in Pdc Energy Inc for a number of months, seems to be less bullish one the $2.68 billion market cap company. The stock rose 0.97% or $0.39 reaching $40.76. About 1.02 million shares traded. PDC Energy Inc (NASDAQ:PDCE) has declined 13.25% since August 11, 2016 and is downtrending. It has underperformed by 29.95% the S&P500.

Caymus Capital Partners Lp, which manages about $377.99 million and $906.10M US Long portfolio, upped its stake in Concho Res Inc (NYSE:CXO) by 44,000 shares to 358,700 shares, valued at $47.56M in 2016Q4, according to the filing. It also increased its holding in Qep Res Inc (NYSE:QEP) by 458,000 shares in the quarter, for a total of 4.61M shares, and has risen its stake in Whiting Pete Corp New (NYSE:WLL).

Another recent and important PDC Energy Inc (NASDAQ:PDCE) news was published by Globenewswire.com which published an article titled: “PDC Energy Announces 2017 Second Quarter Results With 54% Production Increase …” on August 08, 2017.

PDC Energy Inc (NASDAQ:PDCE) Ratings Coverage

Among 24 analysts covering PDC Energy (NASDAQ:PDCE), 17 have Buy rating, 0 Sell and 7 Hold. Therefore 71% are positive. PDC Energy had 58 analyst reports since August 10, 2015 according to SRatingsIntel. MLV maintained the shares of PDCE in report on Monday, August 10 with “Buy” rating. Bank of America maintained the shares of PDCE in report on Wednesday, July 19 with “Buy” rating. The stock has “Buy” rating by Williams Capital Group on Tuesday, August 8. Stifel Nicolaus maintained it with “Buy” rating and $70 target in Friday, April 8 report. The stock of PDC Energy Inc (NASDAQ:PDCE) earned “Buy” rating by Wunderlich on Monday, September 12. The firm earned “Buy” rating on Monday, April 11 by Clarkson Platou. The stock of PDC Energy Inc (NASDAQ:PDCE) earned “Buy” rating by Mizuho on Wednesday, August 9. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, September 8. The stock has “Buy” rating by Williams Capital Group on Monday, August 29. As per Monday, June 26, the company rating was maintained by BMO Capital Markets.

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