Swiss National Bank purchased a new position in shares of Centennial Res (NASDAQ:CDEV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 156,000 shares of the oil and natural gas company’s stock, valued at approximately $2,468,000. Swiss National Bank owned 0.08% of Centennial Res as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CDEV. Seven Bridges Advisors LLC grew its stake in shares of Centennial Res by 16.8% in the second quarter. Seven Bridges Advisors LLC now owns 8,244 shares of the oil and natural gas company’s stock worth $130,000 after purchasing an additional 1,184 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Centennial Res during the second quarter valued at $158,000. Comerica Bank acquired a new position in shares of Centennial Res during the second quarter valued at $184,000. Marshall Wace North America L.P. acquired a new position in shares of Centennial Res during the second quarter valued at $200,000. Finally, Washington Trust Bank increased its holdings in shares of Centennial Res by 1.8% during the second quarter. Washington Trust Bank now owns 12,514 shares of the oil and natural gas company’s stock valued at $198,000 after purchasing an additional 227 shares during the period. Institutional investors own 97.38% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Seaport Global Securities assumed coverage on shares of Centennial Res in a research note on Thursday, September 28th. They set a “neutral” rating and a $19.00 price objective on the stock. BMO Capital Markets set a $17.00 price objective on shares of Centennial Res and gave the stock a “hold” rating in a report on Monday, June 26th. J P Morgan Chase & Co started coverage on shares of Centennial Res in a research report on Tuesday, August 1st. They issued an “overweight” rating and a $19.00 target price for the company. Imperial Capital started coverage on shares of Centennial Res in a research report on Friday, August 18th. They issued an “outperform” rating and a $22.00 target price for the company. Finally, KLR Group started coverage on shares of Centennial Res in a research note on Monday, September 25th. They set a “buy” rating and a $30.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Centennial Res presently has a consensus rating of “Buy” and a consensus target price of $22.57.

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Centennial Res (NASDAQ CDEV) opened at 18.28 on Tuesday. The company has a market cap of $4.69 billion, a PE ratio of 91.86 and a beta of 2.08. Centennial Res has a 52 week low of $13.31 and a 52 week high of $20.97. The company’s 50-day moving average price is $17.97 and its 200 day moving average price is $17.97.

Centennial Res (NASDAQ:CDEV) last announced its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. The firm had revenue of $91.06 million during the quarter, compared to the consensus estimate of $76.03 million. On average, analysts anticipate that Centennial Res will post $0.18 EPS for the current year.

About Centennial Res

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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