Cohen & Steers Inc. Trims Stake in BKV Corporation (NYSE:BKV)

Cohen & Steers Inc. reduced its position in BKV Corporation (NYSE:BKV - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,423 shares of the company's stock after selling 183,658 shares during the period. Cohen & Steers Inc. owned about 0.25% of BKV worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in BKV during the fourth quarter worth $157,000. Corebridge Financial Inc. acquired a new stake in BKV in the 4th quarter worth about $170,000. Bank of New York Mellon Corp acquired a new position in shares of BKV during the fourth quarter valued at approximately $695,000. Finally, Geode Capital Management LLC purchased a new position in shares of BKV in the fourth quarter valued at approximately $7,728,000.

BKV Stock Performance

Shares of BKV stock traded up $0.25 during mid-day trading on Friday, hitting $17.55. The stock had a trading volume of 226,764 shares, compared to its average volume of 476,114. The firm has a 50-day moving average of $20.16 and a two-hundred day moving average of $21.08. BKV Corporation has a 12-month low of $15.00 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, beating the consensus estimate of ($0.10) by $0.11. The firm had revenue of $119.78 million during the quarter, compared to analyst estimates of $183.77 million. On average, analysts expect that BKV Corporation will post -1.82 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. KeyCorp reduced their price objective on BKV from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Truist Financial reduced their target price 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. Finally, Barclays upped their price objective on shares of BKV from $24.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, BKV currently has a consensus rating of "Buy" and an average price target of $28.00.

Insider Buying and Selling

In other BKV news, insider Ethan Ngo sold 21,667 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $20.09, for a total transaction of $435,290.03. Following the transaction, the insider now owns 286,008 shares in the company, valued at approximately $5,745,900.72. The trade was a 7.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lindsay B. Larrick sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $21.07, for a total value of $316,050.00. Following the completion of the sale, the insider now directly owns 245,528 shares of the company's stock, valued at $5,173,274.96. This represents a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,667 shares of company stock valued at $851,490 over the last quarter.

BKV 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.