CIBC Private Wealth Group LLC decreased its position in shares of BKV Corporation (NYSE:BKV - Free Report) by 34.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,848 shares of the company's stock after selling 189,152 shares during the period. CIBC Private Wealth Group LLC owned about 0.43% of BKV worth $8,631,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of BKV in the fourth quarter worth $157,000. Bank of New York Mellon Corp acquired a new position in BKV during the 4th quarter worth $695,000. Finally, Corebridge Financial Inc. purchased a new stake in BKV during the 4th quarter worth about $170,000.
Insider Activity
In other news, insider Ethan Ngo sold 21,667 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $20.09, for a total transaction of $435,290.03. Following the completion of the sale, the insider now owns 286,008 shares in the company, valued at approximately $5,745,900.72. This represents a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Tameron sold 5,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $20.03, for a total value of $100,150.00. Following the transaction, the chief financial officer now directly owns 47,779 shares in the company, valued at approximately $957,013.37. This represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,667 shares of company stock valued at $851,490.
BKV Trading Down 15.7 %
Shares of BKV stock traded down $3.19 during trading hours on Friday, hitting $17.18. The company had a trading volume of 840,998 shares, compared to its average volume of 479,561. The company's 50-day moving average price is $21.87. BKV Corporation has a twelve month low of $16.80 and a twelve month high of $26.78.
BKV (NYSE:BKV - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.11. The firm had revenue of $119.78 million for the quarter, compared to analysts' expectations of $183.77 million. On average, analysts forecast that BKV Corporation will post -1.82 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
BKV has been the subject of several recent research reports. Truist Financial decreased their price objective on BKV from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Mizuho lifted their price target on shares of BKV from $29.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. KeyCorp dropped their price objective on shares of BKV from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Finally, Barclays lifted their price objective on shares of BKV from $24.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $28.00.
Get Our Latest Analysis on BKV
BKV Profile
(
Free Report)
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.
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