Amalgamated Bank raised its position in Centennial Resource Dev (NASDAQ:CDEV) by 26.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,299 shares of the oil and natural gas company’s stock after buying an additional 5,315 shares during the period. Amalgamated Bank’s holdings in Centennial Resource Dev were worth $501,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado raised its stake in Centennial Resource Dev by 123.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 7,781 shares of the oil and natural gas company’s stock worth $154,000 after acquiring an additional 4,298 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Centennial Resource Dev by 44.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,033 shares of the oil and natural gas company’s stock worth $159,000 after acquiring an additional 2,490 shares during the period. First Quadrant L P CA acquired a new stake in Centennial Resource Dev during the fourth quarter worth about $175,000. Royal Bank of Canada raised its stake in Centennial Resource Dev by 9.9% during the second quarter. Royal Bank of Canada now owns 9,179 shares of the oil and natural gas company’s stock worth $145,000 after acquiring an additional 830 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in Centennial Resource Dev during the fourth quarter worth about $192,000. 91.18% of the stock is owned by institutional investors.
Shares of Centennial Resource Dev stock traded down $0.78 during midday trading on Friday, reaching $16.75. 2,900,549 shares of the company’s stock traded hands, compared to its average volume of 2,035,482. The company has a market capitalization of $4,623.49, a P/E ratio of 59.82, a P/E/G ratio of 0.54 and a beta of 1.60. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Centennial Resource Dev has a 52 week low of $14.10 and a 52 week high of $22.14.
Centennial Resource Dev (NASDAQ:CDEV) last released its quarterly earnings results on Monday, February 26th. The oil and natural gas company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $166.13 million for the quarter, compared to the consensus estimate of $152.13 million. Centennial Resource Dev had a net margin of 17.58% and a return on equity of 2.42%. equities research analysts predict that Centennial Resource Dev will post 0.7 earnings per share for the current year.
CDEV has been the topic of several research reports. BidaskClub lowered shares of Centennial Resource Dev from a “hold” rating to a “sell” rating in a research note on Saturday, March 10th. Royal Bank of Canada initiated coverage on shares of Centennial Resource Dev in a report on Friday, February 16th. They issued an “outperform” rating and a $26.00 price objective for the company. Seaport Global Securities upgraded shares of Centennial Resource Dev from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, December 19th. Zacks Investment Research upgraded shares of Centennial Resource Dev from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, January 29th. Finally, Guggenheim initiated coverage on shares of Centennial Resource Dev in a report on Monday, January 29th. They set a “buy” rating and a $29.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and nineteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $24.12.
In other Centennial Resource Dev news, Director Us Centennial Holdings Ll Rel sold 21,505,417 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $19.50, for a total value of $419,355,631.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 44.70% of the company’s stock.
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Centennial Resource Dev Company Profile
Centennial Resource Development, Inc, together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the United States. It focuses on the development of unconventional oil and associated liquids-rich natural gas reserves located in the Permian Basin.
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