Cohen & Steers Inc. Sells 183,658 Shares of BKV Corporation (NYSE:BKV)

Cohen & Steers Inc. lowered its stake in BKV Corporation (NYSE:BKV - Free Report) by 47.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 207,423 shares of the company's stock after selling 183,658 shares during the quarter. Cohen & Steers Inc. owned 0.25% of BKV worth $4,933,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of BKV in the fourth quarter worth $695,000. SG Americas Securities LLC bought a new stake in BKV in the 4th quarter worth $157,000. Corebridge Financial Inc. purchased a new position in shares of BKV in the fourth quarter valued at about $170,000. Finally, Geode Capital Management LLC bought a new position in shares of BKV during the fourth quarter valued at about $7,728,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BKV shares. KeyCorp cut their target price on BKV from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Truist Financial dropped their price objective on BKV from $31.00 to $30.00 and set a "buy" rating for the company in a report on Monday, March 17th. Finally, Barclays boosted their target price on BKV from $24.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $28.00.

Insider Activity at BKV

In other news, insider Lindsay B. Larrick sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $21.07, for a total value of $316,050.00. Following the sale, the insider now directly owns 245,528 shares of the company's stock, valued at $5,173,274.96. The trade was a 5.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David Tameron sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $20.03, for a total value of $100,150.00. Following the completion of the sale, the chief financial officer now owns 47,779 shares in the company, valued at $957,013.37. The trade was a 9.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,667 shares of company stock valued at $851,490 in the last three months.

BKV Stock Up 1.4 %

Shares of NYSE:BKV traded up $0.25 during 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's fifty day moving average is $20.02 and its 200 day moving average is $21.12. 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 announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, beating 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. As a group, equities research analysts anticipate that BKV Corporation will post -1.82 EPS for the current fiscal year.

BKV Company 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.