Memorial Resource Development Corp (MRD) : Magnetar Financial added new position in Memorial Resource Development Corp during the most recent quarter end. The investment management firm now holds 5,075,427 shares of Memorial Resource Development Corp which is valued at $73,492,183 , the company said in a statement filed on Aug 15, 2016 with the SEC.Memorial Resource Development Corp makes up approximately 1.82% of Magnetar Financial’s portfolio.
Other Hedge Funds, Including , Pine River Capital Management reduced its stake in MRD by selling 398,949 shares or 44.78% in the most recent quarter. The Hedge Fund company now holds 492,000 shares of MRD which is valued at $7,124,160. Memorial Resource Development Corp makes up approx 0.39% of Pine River Capital Management’s portfolio. Laurion Capital Management Lp added MRD to its portfolio by purchasing 12,900 company shares during the most recent quarter which is valued at $186,792. Memorial Resource Development Corp makes up approx 0.01% of Laurion Capital Management Lp’s portfolio. Harvest Management added MRD to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $144,800. Memorial Resource Development Corp makes up approx 0.14% of Harvest Management’s portfolio. Sphinx Trading Lp added MRD to its portfolio by purchasing 20,000 company shares during the most recent quarter which is valued at $303,200. Memorial Resource Development Corp makes up approx 2.43% of Sphinx Trading Lp’s portfolio.
Memorial Resource Development Corp opened for trading at $15.71 and hit $15.91 on the upside on Wednesday, eventually ending the session at $15.63, with a gain of 0.26% or 0.04 points. The heightened volatility saw the trading volume jump to 756,738 shares. Company has a market cap of $3,220 M.
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.
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.