Public Employees Retirement System of Ohio bought a new position in shares of CENTENNIAL RES (NASDAQ:CDEV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,435 shares of the oil and natural gas company’s stock, valued at approximately $782,000.

Several other large investors have also modified their holdings of the business. Washington Trust Bank raised its holdings in shares of CENTENNIAL RES by 1.8% during the second quarter. Washington Trust Bank now owns 12,514 shares of the oil and natural gas company’s stock worth $198,000 after purchasing an additional 227 shares during the period. Royal Bank of Canada raised its holdings in shares of CENTENNIAL RES 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 purchasing an additional 830 shares during the period. Seven Bridges Advisors LLC raised its holdings in shares of CENTENNIAL RES by 16.8% during the second quarter. Seven Bridges Advisors LLC now owns 8,244 shares of the oil and natural gas company’s stock worth $130,000 after purchasing an additional 1,184 shares during the period. Howard Hughes Medical Institute raised its holdings in shares of CENTENNIAL RES by 9.7% during the second quarter. Howard Hughes Medical Institute now owns 18,917 shares of the oil and natural gas company’s stock worth $299,000 after purchasing an additional 1,680 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of CENTENNIAL RES during the second quarter worth $158,000. 90.46% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the stock. Scotiabank reissued a “buy” rating and set a $22.00 target price on shares of CENTENNIAL RES in a report on Tuesday. Zacks Investment Research cut shares of CENTENNIAL RES from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Bank of America Corporation assumed coverage on shares of CENTENNIAL RES in a report on Monday, October 16th. They set a “buy” rating on the stock. Citigroup Inc. set a $22.00 target price on shares of CENTENNIAL RES and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, BMO Capital Markets set a $18.00 target price on shares of CENTENNIAL RES and gave the stock a “hold” rating in a report on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. CENTENNIAL RES has a consensus rating of “Buy” and an average target price of $22.50.

Shares of CENTENNIAL RES (NASDAQ CDEV) opened at $20.20 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.32 and a current ratio of 0.43. CENTENNIAL RES has a twelve month low of $13.31 and a twelve month high of $22.11.

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CENTENNIAL RES 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.

Institutional Ownership by Quarter for CENTENNIAL RES (NASDAQ:CDEV)

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