Allstate (ALL) Holder Principal Financial Group Trimmed Position as Share Value Declined; Oslo Asset Management Asa Raised Its Pdc Energy (PDCE) Stake by $1.77 Million

June 13, 2018 - By Richard Conner

The Allstate Corporation (NYSE:ALL) Logo

Principal Financial Group Inc decreased its stake in Allstate Corp (ALL) by 7.41% based on its latest 2018Q1 regulatory filing with the SEC. Principal Financial Group Inc sold 165,995 shares as the company’s stock declined 0.31% with the market. The institutional investor held 2.08M shares of the property-casualty insurers company at the end of 2018Q1, valued at $196.77M, down from 2.24M at the end of the previous reported quarter. Principal Financial Group Inc who had been investing in Allstate Corp for a number of months, seems to be less bullish one the $32.79 billion market cap company. The stock decreased 0.22% or $0.21 during the last trading session, reaching $93.29. About 1.52 million shares traded. The Allstate Corporation (NYSE:ALL) has risen 10.63% since June 13, 2017 and is uptrending. It has underperformed by 1.94% the S&P500. Some Historical ALL News: 01/05/2018 – CORRECT: ALLSTATE 1Q ADJ EPS $2.96, EST. $2.60; 01/05/2018 – Allstate 1Q Net $975M; 14/05/2018 – Credit Agricole Adds Bunge, Exits Broadcom, Cuts Allstate: 13F; 30/05/2018 – Life360 and Allstate Form Strategic Relationship to Transform Car Insurance and Personal Transportation; 10/04/2018 – Allstate seeks entrepreneurs to open 150 agencies in Texas; 19/04/2018 – ALLSTATE CORP – ESTIMATED CATASTROPHE LOSSES FOR MARCH 2018 OF $175 MLN AFTER-TAX; 13/04/2018 – ALLSTATE CALLS TO REDEEM $223.8M OF JUNIOR SUB DEBS DUE 2067; 26/03/2018 – S&PGR Rates Allstate Perpetual Pref. Stock ‘BBB-‘; 11/05/2018 – Allstate Returns Cash to Shareholders Through Dividends; 19/04/2018 – ALLSTATE ESTIMATES MARCH CATASTROPHE LOSS AT $175M AFTER-TAX

Oslo Asset Management Asa increased its stake in Pdc Energy Inc (PDCE) by 15.18% based on its latest 2018Q1 regulatory filing with the SEC. Oslo Asset Management Asa bought 36,100 shares as the company’s stock rose 13.20% while stock markets declined. The institutional investor held 273,919 shares of the energy company at the end of 2018Q1, valued at $13.43 million, up from 237,819 at the end of the previous reported quarter. Oslo Asset Management Asa who had been investing in Pdc Energy Inc for a number of months, seems to be bullish on the $3.99 billion market cap company. The stock decreased 1.16% or $0.71 during the last trading session, reaching $60.45. About 813,512 shares traded. PDC Energy, Inc. (NASDAQ:PDCE) has risen 19.38% since June 13, 2017 and is uptrending. It has outperformed by 6.81% the S&P500. Some Historical PDCE News: 02/05/2018 – PDC Energy 1Q Rev $260.6M; 15/05/2018 – MANGROVE CAPITAL REDUCED PDCE IN 1Q: 13F; 04/05/2018 – PDC Logic Announces Appointment of Steve Allen to Board of Directors; 02/05/2018 – PDC Energy Sees 2018 Production 38 MMBoe to 42 MMBoe; 02/05/2018 – CORRECT: PDC ENERGY 1Q PRODUCTION REPORTED IN ERROR; 14/05/2018 – PDC Energy Presenting at Conference Tomorrow; 22/05/2018 – PDC Energy at J.P. Morgan Energy Equity Conference Jun 19; 21/05/2018 – PDC Energy Presenting at JP Morgan Energy Bus Tour Tomorrow; 02/05/2018 – PDC ENERGY 1Q PRODUCTION 8.9 MMBOE; 22/04/2018 – DJ PDC Energy Inc, Inst Holders, 1Q 2018 (PDCE)

Investors sentiment increased to 1.58 in Q1 2018. Its up 0.43, from 1.15 in 2017Q4. It increased, as 24 investors sold PDCE shares while 55 reduced holdings. 45 funds opened positions while 80 raised stakes. 64.81 million shares or 2.11% less from 66.20 million shares in 2017Q4 were reported. S&Co accumulated 5,413 shares. Wellington Management Group Limited Liability Partnership holds 511,764 shares or 0.01% of its portfolio. Amer Assets Lc accumulated 10,000 shares. Advisory Ser Network Ltd Liability accumulated 60 shares or 0% of the stock. Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in PDC Energy, Inc. (NASDAQ:PDCE). First Interstate Comml Bank stated it has 0.06% in PDC Energy, Inc. (NASDAQ:PDCE). Lombard Odier Asset Management (Usa) Corporation holds 285,515 shares. Moreover, Pitcairn Communication has 0.02% invested in PDC Energy, Inc. (NASDAQ:PDCE) for 4,190 shares. Vr Advisory Services invested 0.4% in PDC Energy, Inc. (NASDAQ:PDCE). Legal & General Group Public Limited Company invested in 140,756 shares. King Luther Capital Management Corp holds 0.01% of its portfolio in PDC Energy, Inc. (NASDAQ:PDCE) for 29,050 shares. Plante Moran Fincl Ltd Com holds 0% or 16 shares in its portfolio. Earnest Prtn Ltd Co holds 1.45 million shares. 143,406 are owned by California Employees Retirement. Goldman Sachs Group accumulated 1.99M shares.

More recent PDC Energy, Inc. (NASDAQ:PDCE) news were published by: Benzinga.com which released: “EnerCom Updates List of Presenters for The Oil & Gas ConferenceĀ® 23” on June 13, 2018. Also Globenewswire.com published the news titled: “Report: Exploring Fundamental Drivers Behind PDC Energy, Black Stone Minerals, BJ’s Restaurants, Karyopharm …” on May 30, 2018. Marketwatch.com‘s news article titled: “Nasdaq digests unusually bullish spike atop 20-day volatility bands” with publication date: June 08, 2018 was also an interesting one.

Since January 10, 2018, it had 0 insider purchases, and 18 sales for $2.98 million activity. Amidon Daniel Willson sold $491,062 worth of stock. Lauck Lance sold $80,100 worth of stock. 3,500 shares were sold by SWOVELAND JEFFREY C, worth $192,745. 1,000 shares were sold by REASONER SCOTT J, worth $55,830 on Tuesday, January 16. $244,000 worth of PDC Energy, Inc. (NASDAQ:PDCE) shares were sold by Mazza Larry F. PARKE DAVID C sold 4,000 shares worth $211,120.

Among 31 analysts covering PDC Energy (NASDAQ:PDCE), 26 have Buy rating, 0 Sell and 5 Hold. Therefore 84% are positive. PDC Energy had 103 analyst reports since August 10, 2015 according to SRatingsIntel. The company was initiated on Monday, August 29 by Williams Capital Group. Cantor Fitzgerald maintained the stock with “Buy” rating in Tuesday, August 11 report. The company was downgraded on Monday, May 23 by Wells Fargo. Stifel Nicolaus maintained the shares of PDCE in report on Sunday, January 28 with “Buy” rating. The firm earned “Overweight” rating on Wednesday, August 10 by Barclays Capital. Williams Capital Group maintained it with “Buy” rating and $7900 target in Thursday, May 3 report. As per Tuesday, December 12, the company rating was maintained by Williams Capital Group. Credit Suisse initiated PDC Energy, Inc. (NASDAQ:PDCE) rating on Monday, December 11. Credit Suisse has “Hold” rating and $51.0 target. The rating was maintained by MLV with “Buy” on Monday, August 10. Barclays Capital maintained PDC Energy, Inc. (NASDAQ:PDCE) rating on Monday, November 20. Barclays Capital has “Overweight” rating and $64 target.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.15, from 0.96 in 2017Q4. It is negative, as 62 investors sold ALL shares while 314 reduced holdings. 78 funds opened positions while 228 raised stakes. 260.00 million shares or 2.34% less from 266.22 million shares in 2017Q4 were reported. Martingale Asset Management Ltd Partnership, Massachusetts-based fund reported 502,432 shares. Dupont Cap Mgmt holds 0.15% in The Allstate Corporation (NYSE:ALL) or 65,467 shares. Amp Cap Investors Limited invested in 0.2% or 374,727 shares. Gofen And Glossberg Limited Liability Il owns 184,136 shares. James Inv has 0.09% invested in The Allstate Corporation (NYSE:ALL) for 24,760 shares. Bridges Management Incorporated holds 0.01% or 2,532 shares. Beck Mack And Oliver Ltd Liability Corp reported 0.02% of its portfolio in The Allstate Corporation (NYSE:ALL). Veritable Lp has invested 0.03% in The Allstate Corporation (NYSE:ALL). Wilsey Asset Management has 7.16% invested in The Allstate Corporation (NYSE:ALL). Great Lakes Advsr Limited Liability Corporation invested in 0.03% or 15,357 shares. Guggenheim Cap Ltd Liability holds 0.12% or 530,877 shares in its portfolio. Wilbanks Smith And Thomas Asset Mgmt Ltd Liability Corporation holds 0.02% in The Allstate Corporation (NYSE:ALL) or 2,758 shares. Patten Inc has invested 0.03% in The Allstate Corporation (NYSE:ALL). The New York-based Tiedemann Advsr Ltd Liability Com has invested 0.02% in The Allstate Corporation (NYSE:ALL). Commerce National Bank holds 32,729 shares.

Among 23 analysts covering The Allstate Corporation (NYSE:ALL), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. The Allstate Corporation had 58 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by Deutsche Bank to “Hold” on Monday, August 10. The rating was maintained by Wood on Friday, June 16 with “Hold”. The firm earned “Neutral” rating on Tuesday, December 1 by Citigroup. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Wednesday, March 1. The company was maintained on Friday, February 5 by RBC Capital Markets. The stock has “Neutral” rating by Macquarie Research on Wednesday, August 5. The company was maintained on Monday, April 3 by FBR Capital. The firm has “Buy” rating given on Friday, June 23 by Wells Fargo. On Tuesday, June 13 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. On Tuesday, January 2 the stock rating was downgraded by Keefe Bruyette & Woods to “Underperform”.

Another recent and important The Allstate Corporation (NYSE:ALL) news was published by Globenewswire.com which published an article titled: “New Research Coverage Highlights Accenture, Chico’s FAS, The Allstate, Sangamo Therapeutics, ABB, and First …” on June 13, 2018.

Principal Financial Group Inc, which manages about $104.05B US Long portfolio, upped its stake in Avalonbay Cmntys Inc (NYSE:AVB) by 232,456 shares to 3.09 million shares, valued at $508.60 million in 2018Q1, according to the filing. It also increased its holding in Prosperity Bancshares Inc (NYSE:PB) by 8,590 shares in the quarter, for a total of 303,980 shares, and has risen its stake in Rexford Indl Rlty Inc (NYSE:REXR).

PDC Energy, Inc. (NASDAQ:PDCE) Institutional Positions Chart

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