16,100 Shares in Centennial Res (CDEV) Acquired by Numeric Investors LLC

Numeric Investors LLC acquired a new position in shares of Centennial Res (NASDAQ:CDEV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,100 shares of the oil and natural gas company’s stock, valued at approximately $255,000.

Other institutional investors also recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its holdings in Centennial Res by 37.9% in the second quarter. Neuberger Berman Group LLC now owns 2,753,691 shares of the oil and natural gas company’s stock worth $43,563,000 after purchasing an additional 756,938 shares in the last quarter. Airain ltd acquired a new position in Centennial Res during the 2nd quarter worth $1,823,000. Vanguard Group Inc. lifted its position in Centennial Res by 66.9% during the 1st quarter. Vanguard Group Inc. now owns 7,747,736 shares of the oil and natural gas company’s stock worth $141,241,000 after acquiring an additional 3,106,958 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Centennial Res by 28.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 146,556 shares of the oil and natural gas company’s stock worth $2,672,000 after acquiring an additional 32,327 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in Centennial Res during the 2nd quarter worth $880,000. Institutional investors and hedge funds own 90.61% of the company’s stock.

Shares of Centennial Res (CDEV) opened at 18.52 on Friday. Centennial Res has a one year low of $13.31 and a one year high of $20.97. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 93.07 and a beta of 2.07. The company’s 50 day moving average is $18.27 and its 200-day moving average is $18.27.

Centennial Res (NASDAQ:CDEV) last issued its earnings results on Monday, August 7th. The oil and natural gas company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. The business had revenue of $91.06 million during the quarter, compared to analysts’ expectations of $76.03 million. Equities analysts expect that Centennial Res will post $0.18 EPS for the current year.

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CDEV has been the topic of a number of analyst reports. Howard Weil began coverage on shares of Centennial Res in a research note on Friday, July 21st. They set a “sector outperform” rating and a $21.00 price objective on the stock. Scotia Howard Weill began coverage on shares of Centennial Res in a research note on Friday, July 21st. They set a “sector outperform” rating and a $21.00 price objective on the stock. Zacks Investment Research cut shares of Centennial Res from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Scotiabank reissued an “outperform” rating and set a $21.00 price target on shares of Centennial Res in a research note on Saturday, July 22nd. Finally, KLR Group assumed coverage on shares of Centennial Res in a report on Monday, September 25th. They issued a “buy” rating and a $30.00 price objective on the stock. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $22.43.

Centennial Res Profile

Centennial Resource Development, Inc is an independent oil and natural gas company. The Company is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company’s assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.

Institutional Ownership by Quarter for Centennial Res (NASDAQ:CDEV)

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