Moore Capital Management LP purchased a new position in shares of BKV Corporation (NYSE:BKV – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 73,126 shares of the company’s stock, valued at approximately $2,001,000. Moore Capital Management LP owned about 0.07% of BKV at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. IMC Chicago LLC purchased a new stake in shares of BKV in the 2nd quarter valued at $662,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of BKV by 37.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,084 shares of the company’s stock worth $823,000 after purchasing an additional 8,144 shares during the last quarter. Empowered Funds LLC acquired a new position in BKV during the second quarter valued at $1,361,000. Value Aligned Research Advisors LLC boosted its holdings in BKV by 110.5% in the second quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock valued at $18,602,000 after purchasing an additional 356,848 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in BKV in the second quarter valued at $16,177,000.
Insider Activity
In other BKV news, insider Lindsay B. Larrick sold 10,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $26.16, for a total transaction of $261,600.00. Following the transaction, the insider directly owned 83,925 shares of the company’s stock, valued at $2,195,478. This trade represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Javier Hinojosa sold 12,377 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $25.73, for a total transaction of $318,460.21. Following the transaction, the senior vice president directly owned 84,276 shares in the company, valued at approximately $2,168,421.48. The trade was a 12.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,198 shares of company stock worth $733,271 in the last quarter. Corporate insiders own 2.51% of the company’s stock.
BKV Stock Performance
BKV (NYSE:BKV – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.25 by $0.21. The company had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. Sell-side analysts anticipate that BKV Corporation will post 1.77 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on BKV shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of BKV in a research note on Monday, August 24th. Wall Street Zen raised BKV from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Susquehanna lowered their price objective on BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Tuesday, July 21st. Truist Financial dropped their price objective on shares of BKV from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Finally, Zacks Research upgraded shares of BKV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.25.
Check Out Our Latest Analysis on BKV
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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.
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