Visium Asset Management Lp adds Memorial Resource Development Corp (MRD) to its portfolio

Memorial Resource Development Corp (MRD) : Visium Asset Management Lp added new position in Memorial Resource Development Corp during the most recent quarter end. The investment management firm now holds 802,620 shares of Memorial Resource Development Corp which is valued at $11,621,938 , the company said in a statement filed on Aug 12, 2016 with the SEC.Memorial Resource Development Corp makes up approximately 1.13% of Visium Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management reduced its stake in MRD by selling 33,297 shares or 2.81% in the most recent quarter. The Hedge Fund company now holds 1,153,540 shares of MRD which is valued at $16,703,259. Memorial Resource Development Corp makes up approx 0.32% of Kennedy Capital Management’s portfolio.Comerica Bank boosted its stake in MRD in the latest quarter, The investment management firm added 143,356 additional shares and now holds a total of 227,945 shares of Memorial Resource Development Corp which is valued at $3,300,644. Memorial Resource Development Corp makes up approx 0.03% of Comerica Bank’s portfolio.Ubs Asset Management Americas Inc boosted its stake in MRD in the latest quarter, The investment management firm added 7,325 additional shares and now holds a total of 80,616 shares of Memorial Resource Development Corp which is valued at $1,157,646. Los Angeles Capital Management Equity Research Inc added MRD to its portfolio by purchasing 105,196 company shares during the most recent quarter which is valued at $1,510,615. Memorial Resource Development Corp makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio. Miller Howard Investments Inc Ny added MRD to its portfolio by purchasing 26,770 company shares during the most recent quarter which is valued at $405,833. Memorial Resource Development Corp makes up approx 0.01% of Miller Howard Investments Inc Ny’s portfolio.

Memorial Resource Development Corp opened for trading at $14.77 and hit $14.96 on the upside on Monday, eventually ending the session at $14.85, with a gain of 0.41% or 0.06 points. The heightened volatility saw the trading volume jump to 9,06,697 shares. Company has a market cap of $3,060 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. 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 Valley—Terryville 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.

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