BKV Corporation (NYSE:BKV – Get Free Report) SVP Javier Hinojosa sold 7,428 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $22.66, for a total value of $168,318.48. Following the transaction, the senior vice president owned 76,848 shares in the company, valued at $1,741,375.68. This trade represents a 8.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Javier Hinojosa also recently made the following trade(s):
- On Friday, August 21st, Javier Hinojosa sold 12,377 shares of BKV stock. The stock was sold at an average price of $25.73, for a total transaction of $318,460.21.
BKV Stock Performance
Shares of NYSE:BKV traded down $0.23 during trading on Tuesday, hitting $21.66. 410,525 shares of the company traded hands, compared to its average volume of 1,067,469. The business’s fifty day moving average is $24.61 and its 200-day moving average is $26.47. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 7.92 and a beta of 1.06. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. BKV Corporation has a one year low of $20.08 and a one year high of $32.81.
Institutional Trading of BKV
Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in shares of BKV during the second quarter worth $15,261,000. Value Aligned Research Advisors LLC raised its holdings in shares of 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 buying an additional 356,848 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of BKV in the second quarter valued at about $32,689,000. Moore Capital Management LP acquired a new position in BKV during the 2nd quarter worth about $2,001,000. Finally, BlackRock Inc. acquired a new position in BKV during the 2nd quarter worth about $74,241,000.
Analyst Ratings Changes
BKV has been the topic of several recent analyst reports. Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Barclays dropped their price target on BKV from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 15th. Evercore raised BKV to a “strong-buy” rating in a report on Friday, September 18th. Susquehanna decreased their target price on shares of BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Tuesday, July 21st. Finally, Citigroup cut their target price on BKV from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, BKV currently has an average rating of “Moderate Buy” and an average price target of $33.56.
Read Our Latest Stock Analysis on BKV
BKV Company Profile
BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.
The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV’s activities are primarily concentrated in major U.S.
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