JPMorgan Chase & Co. raised its stake in shares of Wildhorse Resource Development Corporation (NYSE:WRD) by 264.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,218 shares of the oil and natural gas company’s stock after buying an additional 13,218 shares during the period. JPMorgan Chase & Co.’s holdings in Wildhorse Resource Development Corporation were worth $227,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WRD. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Wildhorse Resource Development Corporation during the first quarter valued at approximately $156,000. Sei Investments Co. raised its position in shares of Wildhorse Resource Development Corporation by 11.2% in the first quarter. Sei Investments Co. now owns 23,375 shares of the oil and natural gas company’s stock valued at $291,000 after buying an additional 2,358 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Wildhorse Resource Development Corporation by 17.5% in the first quarter. Nationwide Fund Advisors now owns 30,311 shares of the oil and natural gas company’s stock valued at $377,000 after buying an additional 4,511 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Wildhorse Resource Development Corporation during the first quarter valued at about $845,000. Finally, Hudson Bay Capital Management LP bought a new position in Wildhorse Resource Development Corporation during the fourth quarter worth $1,643,000. Institutional investors own 92.40% of the company’s stock.

Wildhorse Resource Development Corporation (NYSE WRD) traded up 0.54% on Friday, hitting $11.13. The stock had a trading volume of 602,045 shares. Wildhorse Resource Development Corporation has a 52-week low of $10.36 and a 52-week high of $16.48. The firm has a market cap of $1.13 billion and a price-to-earnings ratio of 29.29. The company’s 50 day moving average price is $12.32 and its 200 day moving average price is $12.29.

Wildhorse Resource Development Corporation (NYSE:WRD) last released its earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $70.20 million for the quarter, compared to analyst estimates of $68.03 million. Wildhorse Resource Development Corporation’s revenue was up 136.4% on a year-over-year basis. Analysts expect that Wildhorse Resource Development Corporation will post $0.35 EPS for the current year.

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A number of research firms have recently weighed in on WRD. BMO Capital Markets set a $17.00 target price on Wildhorse Resource Development Corporation and gave the company a “buy” rating in a report on Saturday, August 12th. Scotiabank set a $19.00 price target on Wildhorse Resource Development Corporation and gave the company a “buy” rating in a research report on Wednesday, August 9th. Imperial Capital began coverage on Wildhorse Resource Development Corporation in a research report on Tuesday, August 1st. They set an “outperform” rating and a $22.00 price target for the company. Barclays PLC reissued an “overweight” rating and issued a $19.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Monday, July 24th. Finally, Bank of America Corporation began coverage on Wildhorse Resource Development Corporation in a research report on Wednesday, July 19th. They issued a “buy” rating and a $16.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.22.

In other Wildhorse Resource Development Corporation news, CEO Jay Carlton Graham acquired 52,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average price of $12.09 per share, with a total value of $628,680.00. Following the purchase, the chief executive officer now owns 841,076 shares in the company, valued at $10,168,608.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by corporate insiders.

Wildhorse Resource Development Corporation 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.

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

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