Legal & General Group Plc Takes $2.26 Million Position in Baytex Energy Corp $BTE

Posted by Francis Steltz on Sep 6th, 2026

Legal & General Group Plc bought a new position in shares of Baytex Energy Corp (NYSE:BTE – Free Report) (TSE:BTE) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 562,746 shares of the oil and gas producer’s stock, valued at approximately $2,257,000.

Other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in Baytex Energy by 110.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,127,074 shares of the oil and gas producer’s stock valued at $15,893,000 after buying an additional 3,743,234 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Baytex Energy by 446.3% during the first quarter. Jane Street Group LLC now owns 2,646,885 shares of the oil and gas producer’s stock worth $5,903,000 after buying an additional 2,162,346 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Baytex Energy by 19.0% in the second quarter. Geode Capital Management LLC now owns 1,802,016 shares of the oil and gas producer’s stock valued at $3,226,000 after acquiring an additional 287,454 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Baytex Energy by 10.7% in the second quarter. Russell Investments Group Ltd. now owns 144,757 shares of the oil and gas producer’s stock valued at $261,000 after acquiring an additional 14,050 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Baytex Energy by 18.4% in the second quarter. Invesco Ltd. now owns 465,450 shares of the oil and gas producer’s stock valued at $833,000 after acquiring an additional 72,431 shares during the period. 46.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Baytex Energy in a research report on Monday, May 11th. Zacks Research raised shares of Baytex Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, August 20th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Baytex Energy in a research report on Friday, July 10th. Weiss Ratings raised shares of Baytex Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, TD Securities reiterated a “hold” rating on shares of Baytex Energy in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Baytex Energy presently has an average rating of “Hold”.

Read Our Latest Analysis on Baytex Energy

Baytex Energy Stock Performance

NYSE:BTE opened at $4.86 on Friday. The stock’s 50-day simple moving average is $4.36 and its 200 day simple moving average is $4.38. The firm has a market capitalization of $3.36 billion, a PE ratio of -7.25 and a beta of 0.39. The company has a quick ratio of 2.79, a current ratio of 2.82 and a debt-to-equity ratio of 0.06. Baytex Energy Corp has a twelve month low of $2.15 and a twelve month high of $5.36.

Baytex Energy (NYSE:BTE – Get Free Report) (TSE:BTE) last issued its earnings results on Thursday, July 30th. The oil and gas producer reported $0.17 EPS for the quarter, topping the consensus estimate of $0.08 by $0.09. The firm had revenue of $449.32 million during the quarter, compared to the consensus estimate of $218.10 million. Baytex Energy had a negative return on equity of 7.77% and a negative net margin of 26.43%. On average, analysts anticipate that Baytex Energy Corp will post 0.41 EPS for the current fiscal year.

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0225 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.09 annualized dividend and a dividend yield of 1.9%. Baytex Energy’s payout ratio is -10.45%.

Baytex Energy Company Profile

(Free Report)

Baytex Energy Corp. is an oil & gas exploration and production company. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.