Hancock Whitney Corp Sells 900 Shares of Wildhorse Resource Development Corp (WRD)

Hancock Whitney Corp cut its position in shares of Wildhorse Resource Development Corp (NYSE:WRD) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,235 shares of the oil and natural gas company’s stock after selling 900 shares during the quarter. Hancock Whitney Corp owned approximately 0.32% of Wildhorse Resource Development worth $4,659,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Wildhorse Resource Development by 23.3% in the third quarter. Vanguard Group Inc. now owns 2,523,850 shares of the oil and natural gas company’s stock valued at $59,663,000 after purchasing an additional 476,860 shares during the period. Havens Advisors LLC purchased a new stake in Wildhorse Resource Development in the fourth quarter valued at approximately $572,000. Cerebellum GP LLC purchased a new stake in Wildhorse Resource Development in the fourth quarter valued at approximately $250,000. Point72 Asset Management L.P. grew its holdings in Wildhorse Resource Development by 86.9% in the third quarter. Point72 Asset Management L.P. now owns 623,800 shares of the oil and natural gas company’s stock valued at $14,747,000 after purchasing an additional 290,100 shares during the period. Finally, Caymus Capital Partners L.P. grew its holdings in Wildhorse Resource Development by 111.6% in the third quarter. Caymus Capital Partners L.P. now owns 1,955,486 shares of the oil and natural gas company’s stock valued at $46,228,000 after purchasing an additional 1,031,282 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Shares of NYSE WRD remained flat at $$16.97 during trading on Monday. Wildhorse Resource Development Corp has a fifty-two week low of $12.01 and a fifty-two week high of $29.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $1.73 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26.

Several equities research analysts have issued reports on WRD shares. Raymond James set a $24.00 price objective on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Zacks Investment Research downgraded shares of Wildhorse Resource Development from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 12th. ValuEngine upgraded shares of Wildhorse Resource Development from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 10th. Finally, TheStreet downgraded shares of Wildhorse Resource Development from a “c-” rating to a “d+” rating in a research note on Monday, December 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $32.50.

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Wildhorse Resource Development Company Profile

WildHorse Resource Development Corporation, an independent oil and natural gas company, focuses on the acquisition, exploitation, development, and production of oil, natural gas, and natural gas liquid resources. The company primarily holds interests in the Eagle Ford Shale in East Texas and the overpressured Cotton Valley formation in North Louisiana.

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Institutional Ownership by Quarter for Wildhorse Resource Development (NYSE:WRD)

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