Bank of New York Mellon Corp Acquires New Shares in BKV Corporation (NYSE:BKV)

Bank of New York Mellon Corp purchased a new position in shares of BKV Corporation (NYSE:BKV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 29,244 shares of the company's stock, valued at approximately $695,000.

Separately, SG Americas Securities LLC bought a new position in shares of BKV in the fourth quarter valued at approximately $157,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BKV shares. KeyCorp decreased their price target on BKV from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Barclays raised their target price on BKV from $24.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Mizuho boosted their price target on shares of BKV from $29.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. Finally, Truist Financial reduced their price objective on shares of BKV from $31.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, BKV presently has a consensus rating of "Buy" and an average target price of $28.00.

Insider Buying and Selling at BKV

In other news, insider Lindsay B. Larrick sold 15,000 shares of BKV stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $21.07, for a total transaction of $316,050.00. Following the transaction, the insider now owns 245,528 shares in the company, valued at approximately $5,173,274.96. The trade was a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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BKV Trading Down 0.4 %

BKV traded down $0.09 during trading on Friday, reaching $20.73. The company had a trading volume of 731,001 shares, compared to its average volume of 475,998. The company has a 50-day moving average of $22.40. BKV Corporation has a 12-month low of $17.39 and a 12-month high of $26.78.

BKV (NYSE:BKV - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.11. The firm had revenue of $119.78 million during the quarter, compared to analysts' expectations of $183.77 million. On average, research analysts predict that BKV Corporation will post -1.82 earnings per share for the current year.

BKV Company Profile

BKV Corporation engages in the acquisition, operation, and development of natural gas and NGL properties. It is also involved in the gathering, processing, and transportation of natural gas. The company was founded in 2015 and is based in Denver, Colorado with additional offices in Tunkhannock, Pennsylvania and Fort Worth, Texas.