Memorial Resource Development Corp (MRD) : Jvl Advisors L.l.c. reduced its stake in Memorial Resource Development Corp by 57.89% during the most recent quarter end. The investment management company now holds a total of 184,983 shares of Memorial Resource Development Corp which is valued at $2,678,554 after selling 254,300 shares in Memorial Resource Development Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Memorial Resource Development Corp makes up approximately 0.58% of Jvl Advisors L.l.c.’s portfolio.
Other Hedge Funds, Including , Pioneer Investment Management Inc boosted its stake in MRD in the latest quarter, The investment management firm added 45,920 additional shares and now holds a total of 1,624,827 shares of Memorial Resource Development Corp which is valued at $23,527,495. Memorial Resource Development Corp makes up approx 0.08% of Pioneer Investment Management Inc’s portfolio. Quantitative Investment Management sold out all of its stake in MRD during the most recent quarter. The investment firm sold 105,700 shares of MRD which is valued $1,597,127. Dupont Capital Management Corp added MRD to its portfolio by purchasing 54,000 company shares during the most recent quarter which is valued at $815,940. Memorial Resource Development Corp makes up approx 0.02% of Dupont Capital Management Corp’s portfolio. Ibm Retirement Fund added MRD to its portfolio by purchasing 10,232 company shares during the most recent quarter which is valued at $155,117. Memorial Resource Development Corp makes up approx 0.01% of Ibm Retirement Fund’s portfolio.
Memorial Resource Development Corp closed down -0.23 points or -1.50% at $15.07 with 8,21,524 shares getting traded on Friday. Post opening the session at $15.23, the shares hit an intraday low of $14.82 and an intraday high of $15.26 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Investors should note that on Aug 10, 2016, Memorial Resource Development Corp announced a cash dividend of $0.1200. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 2016.
Many Wall Street Analysts have commented on Memorial Resource Development Corp. Memorial Resource Development Corp was Downgraded by Johnson Rice to ” Hold” on May 25, 2016. Memorial Resource Development Corp was Downgraded by KLR Group to ” Hold” on May 20, 2016. Wunderlich Downgraded Memorial Resource Development Corp on May 17, 2016 to ” Hold”, Price Target of the shares are set at $16.
Memorial Resource Development Corp. is an independent natural gas and oil company. The Company is focused on the acquisition exploration and development of natural gas and oil properties. Its properties include Cotton Valley Cotton ValleyTerryville Complex Other North Louisiana and Rockies. It operates in two segments: MRD which reflects the combined operations of the Company MRD Operating LLC (MRD Operating) Memorial Resource Development LLC (MRD LLC) WildHorse Resources and its previous owners Classic Hydrocarbons Holdings L.P. (Classic) and Classic Hydrocarbons GP Co. L.L.C. (Classic GP) Black Diamond Minerals LLC (Black Diamond) BlueStone Natural Resources Holdings LLC (BlueStone) Beta Operating Company LLC (Beta Operating) and Memorial Production Partners GP LLC (MEMP GP); and MEMP which reflects the combined operations of Memorial Production Partners LP (MEMP) its previous owners and dropdown transactions occurred between MEMP and MRD LLC subsidiaries.