CDAM UK Ltd bought a new stake in Centennial Resource Development Inc (NASDAQ:CDEV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,338,747 shares of the oil and natural gas company’s stock, valued at approximately $26,507,000. Centennial Resource Development accounts for about 6.0% of CDAM UK Ltd’s holdings, making the stock its 7th biggest position.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Centennial Resource Development by 0.3% during the second quarter. Vanguard Group Inc. now owns 7,773,597 shares of the oil and natural gas company’s stock worth $122,979,000 after purchasing an additional 25,861 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Centennial Resource Development during the third quarter worth about $72,858,000. State Street Corp grew its holdings in shares of Centennial Resource Development by 191.3% during the second quarter. State Street Corp now owns 3,084,242 shares of the oil and natural gas company’s stock worth $48,795,000 after buying an additional 2,025,288 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Centennial Resource Development by 8.3% during the third quarter. Neuberger Berman Group LLC now owns 2,981,444 shares of the oil and natural gas company’s stock worth $53,577,000 after buying an additional 227,753 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Centennial Resource Development during the fourth quarter worth about $15,475,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.
Centennial Resource Development Inc (NASDAQ CDEV) opened at $18.61 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. Centennial Resource Development Inc has a one year low of $14.10 and a one year high of $22.14.
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Centennial Resource Development 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.
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