Teachers Advisors LLC Has $3.11 Million Holdings in Centennial Resource Dev (CDEV)

Teachers Advisors LLC boosted its position in shares of Centennial Resource Dev (NASDAQ:CDEV) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,257 shares of the oil and natural gas company’s stock after acquiring an additional 29,228 shares during the quarter. Teachers Advisors LLC owned 0.06% of Centennial Resource Dev worth $3,114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. California State Teachers Retirement System raised its position in Centennial Resource Dev by 20.1% during the fourth quarter. California State Teachers Retirement System now owns 222,194 shares of the oil and natural gas company’s stock worth $4,399,000 after acquiring an additional 37,133 shares in the last quarter. Two Sigma Investments LP bought a new stake in Centennial Resource Dev during the fourth quarter worth $3,725,000. Van Den Berg Management I Inc. raised its position in Centennial Resource Dev by 227.6% during the fourth quarter. Van Den Berg Management I Inc. now owns 51,875 shares of the oil and natural gas company’s stock worth $1,027,000 after acquiring an additional 36,040 shares in the last quarter. Ellington Management Group LLC bought a new stake in Centennial Resource Dev during the fourth quarter worth $459,000. Finally, Goldman Sachs Group Inc. raised its position in Centennial Resource Dev by 220.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,208,931 shares of the oil and natural gas company’s stock worth $63,536,000 after acquiring an additional 2,207,300 shares in the last quarter. 91.17% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CDEV opened at $17.36 on Friday. Centennial Resource Dev has a one year low of $14.10 and a one year high of $22.14. The firm has a market capitalization of $4,711.81, a price-to-earnings ratio of 60.96, a P/E/G ratio of 0.55 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01.



Centennial Resource Dev (NASDAQ:CDEV) last released its quarterly earnings data on Monday, February 26th. The oil and natural gas company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Centennial Resource Dev had a net margin of 17.58% and a return on equity of 2.42%. The firm had revenue of $166.13 million for the quarter, compared to the consensus estimate of $152.13 million. analysts predict that Centennial Resource Dev will post 0.7 earnings per share for the current fiscal year.

In related news, Director Us Centennial Holdings Ll Rel sold 21,505,417 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $19.50, for a total value of $419,355,631.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 44.70% of the company’s stock.

Several analysts have issued reports on CDEV shares. BidaskClub lowered shares of Centennial Resource Dev from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. Royal Bank of Canada started coverage on shares of Centennial Resource Dev in a research report on Friday, February 16th. They set an “outperform” rating and a $26.00 price target on the stock. Seaport Global Securities raised shares of Centennial Resource Dev from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, December 19th. Zacks Investment Research raised shares of Centennial Resource Dev from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Monday, January 29th. Finally, Guggenheim began coverage on shares of Centennial Resource Dev in a report on Monday, January 29th. They issued a “buy” rating and a $29.00 price objective on the stock. Two analysts have rated the stock with a sell rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $24.12.

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Centennial Resource Dev Company Profile

Centennial Resource Development, Inc, together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the United States. It focuses on the development of unconventional oil and associated liquids-rich natural gas reserves located in the Permian Basin.

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Institutional Ownership by Quarter for Centennial Resource Dev (NASDAQ:CDEV)

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