Parametric Portfolio Associates LLC acquired a new position in Centennial Resource Development Inc (NASDAQ:CDEV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 24,395 shares of the oil and natural gas company’s stock, valued at approximately $386,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System purchased a new position in shares of Centennial Resource Development in the second quarter worth about $259,000. TIAA FSB purchased a new position in shares of Centennial Resource Development in the second quarter worth about $1,155,000. Vanguard Group Inc. increased its holdings in shares of Centennial Resource Development by 0.3% in the second quarter. Vanguard Group Inc. now owns 7,773,597 shares of the oil and natural gas company’s stock worth $122,979,000 after buying an additional 25,861 shares during the period. Northern Trust Corp increased its holdings in shares of Centennial Resource Development by 204.9% in the second quarter. Northern Trust Corp now owns 571,360 shares of the oil and natural gas company’s stock worth $9,040,000 after buying an additional 383,941 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Centennial Resource Development in the second quarter worth about $580,000. Hedge funds and other institutional investors own 90.58% of the company’s stock.

Several research firms have recently commented on CDEV. Imperial Capital began coverage on Centennial Resource Development in a report on Friday, August 18th. They issued an “outperform” rating and a $22.00 price objective on the stock. Stifel Nicolaus set a $21.00 price objective on Centennial Resource Development and gave the stock a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research downgraded Centennial Resource Development from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. BMO Capital Markets set a $18.00 price target on Centennial Resource Development and gave the company a “hold” rating in a report on Saturday, August 12th. Finally, Seaport Global Securities began coverage on Centennial Resource Development in a report on Thursday, September 28th. They set a “neutral” rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Centennial Resource Development currently has a consensus rating of “Buy” and a consensus target price of $22.50.

Centennial Resource Development Inc (NASDAQ CDEV) opened at $20.76 on Monday. Centennial Resource Development Inc has a twelve month low of $14.10 and a twelve month high of $22.11. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06.

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Centennial Resource Development Company 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.

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Institutional Ownership by Quarter for Centennial Resource Development (NASDAQ:CDEV)

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