Stevens Capital Management LP lessened its position in Centennial Res (NASDAQ:CDEV) by 47.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,467 shares of the oil and natural gas company’s stock after selling 26,162 shares during the quarter. Stevens Capital Management LP’s holdings in Centennial Res were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Washington Trust Bank increased its stake in Centennial Res by 1.8% in 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 acquiring an additional 227 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Centennial Res by 9.9% during the second quarter. Royal Bank of Canada now owns 9,179 shares of the oil and natural gas company’s stock valued at $145,000 after buying an additional 830 shares during the last quarter. Seven Bridges Advisors LLC grew its stake in shares of Centennial Res by 16.8% during the second quarter. Seven Bridges Advisors LLC now owns 8,244 shares of the oil and natural gas company’s stock valued at $130,000 after buying an additional 1,184 shares during the last quarter. Howard Hughes Medical Institute grew its stake in shares of Centennial Res by 9.7% during the second quarter. Howard Hughes Medical Institute now owns 18,917 shares of the oil and natural gas company’s stock valued at $299,000 after buying an additional 1,680 shares during the last quarter. Finally, TIAA FSB grew its stake in shares of Centennial Res by 7.9% during the third quarter. TIAA FSB now owns 78,756 shares of the oil and natural gas company’s stock valued at $1,415,000 after buying an additional 5,770 shares during the last quarter. 90.50% of the stock is currently owned by institutional investors and hedge funds.

Centennial Res (NASDAQ:CDEV) opened at $20.08 on Friday. Centennial Res has a 1-year low of $13.31 and a 1-year high of $22.11. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06.

A number of research analysts have recently issued reports on CDEV shares. Stifel Nicolaus set a $21.00 price objective on Centennial Res and gave the company a “buy” rating in a research note on Thursday, October 5th. KLR Group started coverage on Centennial Res in a research note on Monday, September 25th. They set a “buy” rating and a $30.00 price objective on the stock. Bank of America Corporation started coverage on Centennial Res in a research note on Monday, October 16th. They set a “buy” rating on the stock. Citigroup Inc. set a $22.00 target price on Centennial Res and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Scotiabank reissued a “buy” rating and issued a $22.00 target price on shares of Centennial Res in a research note on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $22.50.

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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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