1,466,625 Shares in Wildhorse Resource Development Corporation (WRD) Acquired by Vanguard Group Inc.

Vanguard Group Inc. purchased a new position in Wildhorse Resource Development Corporation (NYSE:WRD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,466,625 shares of the oil and natural gas company’s stock, valued at approximately $18,245,000. Vanguard Group Inc. owned approximately 1.56% of Wildhorse Resource Development Corporation as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners increased its position in Wildhorse Resource Development Corporation by 7.4% in the first quarter. Boston Partners now owns 5,009,346 shares of the oil and natural gas company’s stock worth $62,316,000 after buying an additional 345,639 shares during the period. TimesSquare Capital Management LLC increased its position in Wildhorse Resource Development Corporation by 5.6% in the first quarter. TimesSquare Capital Management LLC now owns 1,931,240 shares of the oil and natural gas company’s stock worth $24,025,000 after buying an additional 102,740 shares during the period. American Century Companies Inc. increased its position in Wildhorse Resource Development Corporation by 14.2% in the first quarter. American Century Companies Inc. now owns 458,569 shares of the oil and natural gas company’s stock worth $5,705,000 after buying an additional 57,188 shares during the period. Caymus Capital Partners L.P. purchased a new position in Wildhorse Resource Development Corporation during the first quarter worth $4,230,000. Finally, FIL Ltd purchased a new position in Wildhorse Resource Development Corporation during the first quarter worth $1,683,000. 92.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wildhorse Resource Development Corporation (NYSE:WRD) traded down 0.45% during mid-day trading on Friday, hitting $11.09. The stock had a trading volume of 57,462 shares. The stock’s 50-day moving average price is $12.17 and its 200-day moving average price is $12.20. Wildhorse Resource Development Corporation has a 52-week low of $10.36 and a 52-week high of $16.48. The firm has a market cap of $1.10 billion and a PE ratio of 30.81.

Wildhorse Resource Development Corporation (NYSE:WRD) last issued its earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $70.20 million for the quarter, compared to analysts’ expectations of $68.03 million. Wildhorse Resource Development Corporation’s revenue was up 136.4% on a year-over-year basis. On average, analysts anticipate that Wildhorse Resource Development Corporation will post $0.34 earnings per share for the current fiscal year.

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Several brokerages have recently commented on WRD. Imperial Capital began coverage on Wildhorse Resource Development Corporation in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $22.00 price objective for the company. BMO Capital Markets set a $17.00 price objective on Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research note on Saturday, August 12th. Scotiabank set a $19.00 price objective on Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. Barclays PLC reissued an “overweight” rating and issued a $19.00 price objective on shares of Wildhorse Resource Development Corporation in a research note on Monday, July 24th. Finally, Zacks Investment Research raised Wildhorse Resource Development Corporation from a “sell” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $20.22.

In other Wildhorse Resource Development Corporation news, CEO Jay Carlton Graham bought 52,000 shares of Wildhorse Resource Development Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average price of $12.09 per share, with a total value of $628,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 841,076 shares in the company, valued at approximately $10,168,608.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.

About Wildhorse Resource Development Corporation

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.

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