Metropolitan Life Insurance Co. NY lifted its stake in shares of Wildhorse Resource Development Corp (NYSE:WRD) by 356.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,341 shares of the oil and natural gas company’s stock after purchasing an additional 7,295 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Wildhorse Resource Development were worth $132,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc bought a new stake in shares of Wildhorse Resource Development during the 4th quarter worth approximately $40,000. Bremer Trust National Association acquired a new position in shares of Wildhorse Resource Development during the 4th quarter worth approximately $40,000. Meeder Asset Management Inc. increased its holdings in shares of Wildhorse Resource Development by 811.2% during the 4th quarter. Meeder Asset Management Inc. now owns 6,615 shares of the oil and natural gas company’s stock worth $92,000 after acquiring an additional 5,889 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of Wildhorse Resource Development during the 4th quarter worth approximately $151,000. Finally, Telemus Capital LLC increased its holdings in shares of Wildhorse Resource Development by 12.1% during the 4th quarter. Telemus Capital LLC now owns 11,210 shares of the oil and natural gas company’s stock worth $158,000 after acquiring an additional 1,210 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.
Shares of NYSE WRD opened at $16.97 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.06. Wildhorse Resource Development Corp has a one year low of $12.01 and a one year high of $29.67. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 1.63 and a beta of 1.26.
A number of research firms recently weighed in on WRD. ValuEngine raised Wildhorse Resource Development from a “strong sell” rating to a “sell” rating in a report on Thursday, January 10th. Zacks Investment Research lowered Wildhorse Resource Development from a “hold” rating to a “strong sell” rating in a report on Saturday, January 12th. Raymond James set a $24.00 target price on Wildhorse Resource Development and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Finally, TheStreet lowered Wildhorse Resource Development from a “c-” rating to a “d+” rating in a report on Monday, December 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $32.50.
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Wildhorse Resource Development Profile
WildHorse Resource Development Corporation, an independent oil and natural gas company, focuses on the acquisition, exploitation, development, and production of oil, natural gas, and natural gas liquid resources. The company primarily holds interests in the Eagle Ford Shale in East Texas and the overpressured Cotton Valley formation in North Louisiana.
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