Baytex Energy Corp $BTE Stock Holdings Increased by Intact Investment Management Inc.

Intact Investment Management Inc. raised its holdings in shares of Baytex Energy Corp (NYSE:BTE - Free Report) TSE: BTE by 214.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,868,370 shares of the oil and gas producer's stock after acquiring an additional 6,044,270 shares during the period. Intact Investment Management Inc. owned approximately 1.16% of Baytex Energy worth $28,687,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Baytex Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 29,449,680 shares of the oil and gas producer's stock valued at $95,270,000 after acquiring an additional 374,972 shares in the last quarter. American Century Companies Inc. raised its stake in Baytex Energy by 20.0% during the 3rd quarter. American Century Companies Inc. now owns 14,233,589 shares of the oil and gas producer's stock valued at $33,342,000 after acquiring an additional 2,375,496 shares in the last quarter. Alliancebernstein L.P. raised its stake in Baytex Energy by 7.4% during the 2nd quarter. Alliancebernstein L.P. now owns 10,710,876 shares of the oil and gas producer's stock valued at $19,172,000 after acquiring an additional 738,337 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Baytex Energy by 110.6% during 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 acquiring an additional 3,743,234 shares in the last quarter. Finally, UBS Group AG raised its stake in Baytex Energy by 39.5% during the 3rd quarter. UBS Group AG now owns 5,129,075 shares of the oil and gas producer's stock valued at $12,002,000 after acquiring an additional 1,452,603 shares in the last quarter. Institutional investors own 46.15% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on BTE shares. TD Cowen downgraded Baytex Energy from a "buy" rating to a "hold" rating in a research note on Friday, January 16th. Raymond James Financial raised Baytex Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, March 30th. Scotiabank reissued an "outperform" rating on shares of Baytex Energy in a research note on Tuesday, April 21st. Canaccord Genuity Group raised Baytex Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen raised Baytex Energy from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Baytex Energy has a consensus rating of "Hold".

Baytex Energy Stock Up 0.1%

BTE opened at $4.99 on Monday. Baytex Energy Corp has a one year low of $1.44 and a one year high of $5.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.61 and a current ratio of 3.61. The stock's fifty day moving average is $4.20 and its 200-day moving average is $3.47. The company has a market capitalization of $3.64 billion, a PE ratio of -8.75 and a beta of 0.39.

Baytex Energy (NYSE:BTE - Get Free Report) TSE: BTE last posted its quarterly earnings data on Wednesday, March 4th. The oil and gas producer reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.33). The firm had revenue of $251.38 million during the quarter, compared to the consensus estimate of $545.60 million. Baytex Energy had a negative return on equity of 5.44% and a negative net margin of 16.96%. On average, equities analysts predict that Baytex Energy Corp will post 0.18 EPS for the current fiscal year.

Baytex Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were given a dividend of $0.0225 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.8%. Baytex Energy's payout ratio is -12.28%.

Baytex Energy Profile

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.

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