Tuesday, November 14, 2017 10:15 PM ET
Significant Insider Sales Reported in Shares of Centennial Resource Development (CDEV)
There was substantial level of selling of Centennial Resource Development shares today, as disclosed in filings with the SEC. Three insiders — Rel Us Centennial Holdings Llc, 10% Owner, Riverstone Non-Eci Usrpi Aiv Lp, 10% Owner, and Riverstone Management Group Llc, 10% Owner — disposed of 64,516,251 shares in the company having a market value of approximately $1,287,099,207. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 21,505,417 shares per transaction.
Relative to its peers over the last 90 days, insider buy/sell trading at Centennial Resource Development is above the 26-company peer group average. Integrated Oil & Gas peer group saw 1 buy/sell trades during this period for an average of 0.0 transactions per company. The number of shares per buy/sell trade for Centennial Resource Development insiders was also higher. Within the peer group there were 25,000 shares purchased and 0 shares sold with company insiders having bought 25,000 shares on average.
The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Rel Us Centennial Holdings Llc, 10% Owner, sold 21,505,417 shares
* Riverstone Non-Eci Usrpi Aiv Lp, 10% Owner, sold 21,505,417 shares
* Riverstone Management Group Llc, 10% Owner, sold 21,505,417 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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