Seven Bridges Advisors LLC raised its position in CENTENNIAL RES (NASDAQ:CDEV) by 16.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,244 shares of the oil and natural gas company’s stock after buying an additional 1,184 shares during the period. Seven Bridges Advisors LLC’s holdings in CENTENNIAL RES were worth $130,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Tortoise Capital Advisors L.L.C. boosted its position in shares of CENTENNIAL RES by 50.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,047,375 shares of the oil and natural gas company’s stock worth $16,157,000 after buying an additional 351,667 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of CENTENNIAL RES during the second quarter worth about $158,000. Ferguson Wellman Capital Management Inc. boosted its position in shares of CENTENNIAL RES by 3.4% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 2,060,070 shares of the oil and natural gas company’s stock worth $32,590,000 after buying an additional 66,908 shares during the last quarter. Washington Trust Bank boosted its position in shares of 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 worth $198,000 after buying an additional 227 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of CENTENNIAL RES by 118.1% in the second quarter. Bank of Montreal Can now owns 70,110 shares of the oil and natural gas company’s stock worth $1,109,000 after buying an additional 37,962 shares during the last quarter.

Shares of CENTENNIAL RES (CDEV) opened at 16.39 on Thursday. The company has a 50-day moving average of $15.82 and a 200-day moving average of $17.01. CENTENNIAL RES has a 12-month low of $11.80 and a 12-month high of $20.97. The stock has a market capitalization of $3.39 billion, a P/E ratio of 237.54 and a beta of 2.14.

CENTENNIAL RES (NASDAQ:CDEV) last posted its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $91.06 million during the quarter, compared to analysts’ expectations of $76.03 million. Equities analysts expect that CENTENNIAL RES will post $0.18 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on CDEV. J P Morgan Chase & Co began coverage on shares of CENTENNIAL RES in a research report on Tuesday, August 1st. They set an “overweight” rating and a $19.00 target price for the company. Scotiabank restated an “outperform” rating and set a $21.00 target price on shares of CENTENNIAL RES in a research report on Saturday, July 22nd. Scotia Howard Weill began coverage on shares of CENTENNIAL RES in a research report on Friday, July 21st. They set a “sector outperform” rating and a $21.00 target price for the company. Howard Weil began coverage on shares of CENTENNIAL RES in a research report on Friday, July 21st. They set a “sector outperform” rating and a $21.00 target price for the company. Finally, Zacks Investment Research cut shares of CENTENNIAL RES from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $22.09.

In related news, COO Sean R. Smith purchased 10,000 shares of CENTENNIAL RES stock in a transaction dated Monday, June 5th. The stock was acquired at an average cost of $15.05 per share, with a total value of $150,500.00. Following the completion of the transaction, the chief operating officer now directly owns 21,540 shares of the company’s stock, valued at $324,177. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.70% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for CENTENNIAL RES (NASDAQ:CDEV)

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