Centennial Res (CDEV) Shares Bought by Tiaa Fsb

Tiaa Fsb increased its holdings in shares of Centennial Res (NASDAQ:CDEV) by 7.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 78,756 shares of the oil and natural gas company’s stock after acquiring an additional 5,770 shares during the period. Tiaa Fsb’s holdings in Centennial Res were worth $1,415,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CDEV. Vanguard Group Inc. raised its position in Centennial Res by 66.9% during the 1st quarter. Vanguard Group Inc. now owns 7,747,736 shares of the oil and natural gas company’s stock valued at $141,241,000 after purchasing an additional 3,106,958 shares in the last quarter. Geode Capital Management LLC raised its position in Centennial Res by 24.7% during the 1st quarter. Geode Capital Management LLC now owns 493,830 shares of the oil and natural gas company’s stock valued at $9,002,000 after purchasing an additional 97,886 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Centennial Res by 28.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 146,556 shares of the oil and natural gas company’s stock valued at $2,672,000 after purchasing an additional 32,327 shares in the last quarter. Bank of America Corp DE raised its position in Centennial Res by 14.6% during the 1st quarter. Bank of America Corp DE now owns 104,359 shares of the oil and natural gas company’s stock valued at $1,902,000 after purchasing an additional 13,322 shares in the last quarter. Finally, State Street Corp raised its position in Centennial Res by 3,360.6% during the 1st quarter. State Street Corp now owns 1,058,954 shares of the oil and natural gas company’s stock valued at $19,305,000 after purchasing an additional 1,028,354 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts have weighed in on the company. Imperial Capital assumed coverage on Centennial Res in a research report on Friday, August 18th. They set an “outperform” rating and a $22.00 target price for the company. Howard Weil assumed coverage on Centennial Res in a research report on Friday, July 21st. They set a “sector outperform” rating and a $21.00 target price for the company. Stifel Nicolaus set a $21.00 target price on Centennial Res and gave the company a “buy” rating in a research report on Thursday, October 5th. BMO Capital Markets set a $18.00 target price on Centennial Res and gave the company a “hold” rating in a research report on Saturday, August 12th. Finally, Seaport Global Securities assumed coverage on Centennial Res in a research report on Thursday, September 28th. They set a “neutral” rating and a $19.00 target price for the company. Three 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 price target of $22.43.

Centennial Res (CDEV) opened at 19.05 on Monday. The stock has a market capitalization of $4.89 billion, a P/E ratio of 95.73 and a beta of 2.08. The stock has a 50 day moving average price of $18.30 and a 200-day moving average price of $18.30. Centennial Res has a one year low of $13.31 and a one year high of $20.97.

Centennial Res (NASDAQ:CDEV) last announced 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 the consensus estimate of $0.02 by $0.05. The company had revenue of $91.06 million during the quarter, compared to analyst estimates of $76.03 million. Analysts anticipate that Centennial Res will post $0.18 earnings per share for the current year.

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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