Loring Wolcott & Coolidge Fiduciary Advisors LLP MA continued to hold its position in CENTENNIAL RES (NASDAQ:CDEV) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,901 shares of the oil and natural gas company’s stock at the end of the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in CENTENNIAL RES were worth $133,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Washington Trust Bank increased its position in CENTENNIAL RES by 1.8% in the second quarter. Washington Trust Bank now owns 12,514 shares of the oil and natural gas company’s stock worth $198,000 after buying an additional 227 shares in the last quarter. Fayez Sarofim & Co increased its position in CENTENNIAL RES by 1.9% in the first quarter. Fayez Sarofim & Co now owns 13,350 shares of the oil and natural gas company’s stock worth $243,000 after buying an additional 250 shares in the last quarter. Seven Bridges Advisors LLC increased its position in CENTENNIAL RES by 16.8% in 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 buying an additional 1,184 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in CENTENNIAL RES during the second quarter worth about $158,000. Finally, Comerica Bank acquired a new position in CENTENNIAL RES during the second quarter worth about $184,000. Hedge funds and other institutional investors own 90.61% of the company’s stock.

Shares of CENTENNIAL RES (NASDAQ CDEV) opened at 17.04 on Wednesday. The firm has a market capitalization of $4.37 billion, a P/E ratio of 85.63 and a beta of 2.14. CENTENNIAL RES has a 52 week low of $12.05 and a 52 week high of $20.97. The firm has a 50-day moving average of $16.19 and a 200 day moving average of $16.85.

CENTENNIAL RES (NASDAQ:CDEV) last posted its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $91.06 million for the quarter, compared to analysts’ expectations of $76.03 million. On average, equities research analysts expect that CENTENNIAL RES will post $0.18 EPS for the current fiscal year.

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A number of research firms have recently issued reports on CDEV. Scotiabank reiterated an “outperform” rating and set a $21.00 price objective on shares of CENTENNIAL RES in a research note on Saturday, July 22nd. J P Morgan Chase & Co began coverage on shares of CENTENNIAL RES in a research note on Tuesday, August 1st. They set an “overweight” rating and a $19.00 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. Imperial Capital began coverage on shares of CENTENNIAL RES in a research note on Friday, August 18th. They set an “outperform” rating and a $22.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of CENTENNIAL RES from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. CENTENNIAL RES has a consensus rating of “Buy” and an average price target of $22.17.

In related news, CFO George S. Glyphis purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was acquired at an average price of $15.02 per share, for a total transaction of $150,200.00. Following the completion of the purchase, the chief financial officer now owns 20,490 shares in the company, valued at $307,759.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 44.70% of the stock is currently owned by insiders.

About CENTENNIAL RES

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 RES (NASDAQ:CDEV)

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