Virginia Retirement Systems ET AL lessened its stake in Wildhorse Resource Development Corp (NYSE:WRD) by 13.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 52,200 shares of the oil and natural gas company’s stock after selling 7,800 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Wildhorse Resource Development were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in WRD. Russell Investments Group Ltd. acquired a new position in shares of Wildhorse Resource Development during the 1st quarter worth approximately $126,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Wildhorse Resource Development during the 1st quarter worth approximately $184,000. Meeder Asset Management Inc. acquired a new position in shares of Wildhorse Resource Development during the 2nd quarter worth approximately $186,000. Engineers Gate Manager LP acquired a new position in shares of Wildhorse Resource Development during the 1st quarter worth approximately $220,000. Finally, Telemus Capital LLC acquired a new position in shares of Wildhorse Resource Development during the 2nd quarter worth approximately $254,000.

In related news, insider Steve Saad Habachy sold 20,000 shares of the stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $27.30, for a total value of $546,000.00. Following the completion of the transaction, the insider now directly owns 301,481 shares of the company’s stock, valued at approximately $8,230,431.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Terence W. Lynch sold 10,800 shares of the stock in a transaction on Friday, June 1st. The shares were sold at an average price of $27.39, for a total value of $295,812.00. Following the completion of the transaction, the insider now directly owns 105,404 shares of the company’s stock, valued at $2,887,015.56. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

NYSE WRD opened at $18.83 on Friday. Wildhorse Resource Development Corp has a one year low of $10.36 and a one year high of $29.67. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $2.01 billion, a P/E ratio of 43.58 and a beta of -1.00.

Wildhorse Resource Development (NYSE:WRD) last posted its quarterly earnings data on Tuesday, August 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.11). Wildhorse Resource Development had a negative net margin of 16.95% and a positive return on equity of 11.39%. The firm had revenue of $225.41 million during the quarter, compared to analyst estimates of $204.16 million. sell-side analysts forecast that Wildhorse Resource Development Corp will post 1.92 earnings per share for the current year.

Several brokerages have recently weighed in on WRD. Piper Jaffray Companies set a $41.00 target price on Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Saturday, August 11th. Zacks Investment Research raised Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Friday, July 27th. Seaport Global Securities began coverage on Wildhorse Resource Development in a research note on Wednesday, June 20th. They set a “buy” rating and a $37.00 target price for the company. Finally, SunTrust Banks raised Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $26.18.

About Wildhorse Resource Development

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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Institutional Ownership by Quarter for Wildhorse Resource Development (NYSE:WRD)

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