Bank of New York Mellon Corp grew its holdings in shares of Wildhorse Resource Development Corp (NYSE:WRD) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,026 shares of the oil and natural gas company’s stock after acquiring an additional 5,019 shares during the quarter. Bank of New York Mellon Corp owned about 0.12% of Wildhorse Resource Development worth $1,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Voya Investment Management LLC bought a new stake in shares of Wildhorse Resource Development during the 2nd quarter valued at about $124,000. The Manufacturers Life Insurance Company bought a new stake in shares of Wildhorse Resource Development during the 2nd quarter valued at about $197,000. New York State Common Retirement Fund bought a new stake in shares of Wildhorse Resource Development during the 2nd quarter valued at about $212,000. Wells Fargo & Company MN boosted its position in shares of Wildhorse Resource Development by 559.2% during the 2nd quarter. Wells Fargo & Company MN now owns 17,488 shares of the oil and natural gas company’s stock valued at $216,000 after acquiring an additional 14,835 shares during the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of Wildhorse Resource Development during the 2nd quarter valued at about $228,000. Hedge funds and other institutional investors own 95.73% of the company’s stock.

Wildhorse Resource Development Corp (NYSE WRD) opened at $18.92 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $1,910.00 and a P/E ratio of 42.04. Wildhorse Resource Development Corp has a 12 month low of $10.36 and a 12 month high of $19.18.

Wildhorse Resource Development (NYSE:WRD) last announced its quarterly earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. The business had revenue of $122.50 million for the quarter, compared to analysts’ expectations of $117.89 million. Wildhorse Resource Development had a return on equity of 1.24% and a net margin of 8.88%. The firm’s revenue for the quarter was up 269.0% compared to the same quarter last year. equities analysts predict that Wildhorse Resource Development Corp will post 0.34 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on WRD. Piper Jaffray Companies reissued a “buy” rating and set a $29.00 price objective on shares of Wildhorse Resource Development in a report on Tuesday. ValuEngine raised Wildhorse Resource Development from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research cut Wildhorse Resource Development from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Barclays raised their price objective on Wildhorse Resource Development from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Finally, BMO Capital Markets set a $21.00 price objective on Wildhorse Resource Development and gave the company a “buy” rating in a report on Tuesday, November 14th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.92.

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Wildhorse Resource Development Company Profile

WildHorse Resource Development Corporation is a holding company. The Company is an independent oil and natural gas company. The Company is focused on the acquisition, exploitation, exploration and development of oil, natural gas and natural gas liquid (NGL) resources in the United States. Its assets are characterized by concentrated acreage positions in Southeast Texas and North Louisiana with multiple producing stratigraphic horizons, or stacked pay zones, and single-well rates of return.

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

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