Vanguard Group Inc. Has $20.67 Million Holdings in Wildhorse Resource Development Corporation (WRD)

Vanguard Group Inc. boosted its holdings in shares of Wildhorse Resource Development Corporation (NYSE:WRD) by 13.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,670,558 shares of the oil and natural gas company’s stock after buying an additional 203,933 shares during the quarter. Vanguard Group Inc. owned about 1.78% of Wildhorse Resource Development Corporation worth $20,665,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund acquired a new position in Wildhorse Resource Development Corporation during the second quarter worth $212,000. Wells Fargo & Company MN increased its position in Wildhorse Resource Development Corporation by 559.2% during the second quarter. Wells Fargo & Company MN now owns 17,488 shares of the oil and natural gas company’s stock worth $216,000 after buying an additional 14,835 shares during the last quarter. JPMorgan Chase & Co. increased its position in Wildhorse Resource Development Corporation by 264.4% during the first quarter. JPMorgan Chase & Co. now owns 18,218 shares of the oil and natural gas company’s stock worth $227,000 after buying an additional 13,218 shares during the last quarter. Rhumbline Advisers acquired a new position in Wildhorse Resource Development Corporation during the second quarter worth $317,000. Finally, TIAA CREF Investment Management LLC acquired a new position in Wildhorse Resource Development Corporation during the first quarter worth $409,000. 93.12% of the stock is currently owned by hedge funds and other institutional investors.



Shares of Wildhorse Resource Development Corporation (NYSE:WRD) opened at $14.82 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.57. Wildhorse Resource Development Corporation has a fifty-two week low of $10.36 and a fifty-two week high of $16.48. The stock has a market cap of $1,553.99 and a PE ratio of 109.71.

Wildhorse Resource Development Corporation (NYSE:WRD) last released its earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. Wildhorse Resource Development Corporation had a net margin of 8.88% and a return on equity of 1.24%. The business had revenue of $122.50 million during the quarter, compared to analysts’ expectations of $117.89 million. The business’s revenue was up 269.0% on a year-over-year basis. equities research analysts predict that Wildhorse Resource Development Corporation will post 0.33 EPS for the current fiscal year.

Several equities analysts have commented on WRD shares. Zacks Investment Research raised shares of Wildhorse Resource Development Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th. ValuEngine downgraded shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Iberia Capital started coverage on shares of Wildhorse Resource Development Corporation in a research report on Wednesday, September 27th. They set an “outperform” rating and a $18.00 target price on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $18.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Sunday, October 22nd. Finally, Barclays PLC reissued an “overweight” rating and set a $19.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $19.75.

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Wildhorse Resource Development Corporation 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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