Teton Advisors Inc. boosted its position in shares of Centennial Resource Development Inc (NASDAQ:CDEV) by 23.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,100 shares of the oil and natural gas company’s stock after acquiring an additional 25,177 shares during the period. Teton Advisors Inc.’s holdings in Centennial Resource Development were worth $1,010,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carroll Financial Associates Inc. grew its holdings in Centennial Resource Development by 895.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,335 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 3,000 shares in the last quarter. SG Americas Securities LLC acquired a new position in Centennial Resource Development during the 1st quarter worth approximately $264,000. Frontier Capital Management Co. LLC grew its holdings in Centennial Resource Development by 17.8% during the 1st quarter. Frontier Capital Management Co. LLC now owns 5,066,515 shares of the oil and natural gas company’s stock worth $44,535,000 after acquiring an additional 764,828 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its holdings in Centennial Resource Development by 267.3% during the 1st quarter. Prescott Group Capital Management L.L.C. now owns 551,000 shares of the oil and natural gas company’s stock worth $4,843,000 after acquiring an additional 401,000 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. grew its holdings in Centennial Resource Development by 33.7% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 290,433 shares of the oil and natural gas company’s stock worth $2,553,000 after acquiring an additional 73,161 shares in the last quarter.
In other Centennial Resource Development news, CFO George S. Glyphis purchased 50,000 shares of Centennial Resource Development stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $4.69 per share, for a total transaction of $234,500.00. Following the transaction, the chief financial officer now directly owns 493,195 shares in the company, valued at $2,313,084.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 31.30% of the stock is owned by corporate insiders.
Shares of NASDAQ:CDEV traded up $0.23 during trading on Monday, hitting $4.51. 90,356 shares of the company were exchanged, compared to its average volume of 5,840,197. The firm’s 50 day moving average price is $6.11 and its 200-day moving average price is $8.73. Centennial Resource Development Inc has a 12-month low of $3.92 and a 12-month high of $23.12. The stock has a market capitalization of $1.09 billion, a P/E ratio of 6.01, a PEG ratio of 6.72 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.53 and a quick ratio of 0.53.
Centennial Resource Development (NASDAQ:CDEV) last released its quarterly earnings results on Monday, August 5th. The oil and natural gas company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Centennial Resource Development had a net margin of 8.74% and a return on equity of 3.66%. The business had revenue of $244.24 million during the quarter, compared to analysts’ expectations of $232.70 million. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Centennial Resource Development Inc will post 0.32 EPS for the current year.
Centennial Resource Development Company Profile
Centennial Resource Development, Inc, an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico.
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