Oxbow Advisors LLC Takes Position in BKV Corporation $BKV

Key Points

• Oxbow Advisors LLC initiated a position in BKV Corporation by purchasing 135,258 shares valued at approximately $3.7 million, representing about 0.12% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and two Holds. BKV has a consensus rating of “Moderate Buy” and an average price target of $34.25, above its $26.66 share price.
• BKV exceeded quarterly expectations, reporting $0.46 in earnings per share versus the $0.25 consensus estimate and revenue of $465.54 million versus forecasts of $355.25 million. Two insiders separately sold shares under pre-arranged Rule 10b5-1 trading plans.

Oxbow Advisors LLC purchased a new position in shares of BKV Corporation (NYSE:BKV - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 135,258 shares of the company's stock, valued at approximately $3,701,000. Oxbow Advisors LLC owned about 0.12% of BKV at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cooper Creek Partners Management LLC lifted its holdings in BKV by 35.6% in the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company's stock valued at $10,678,000 after acquiring an additional 121,082 shares during the last quarter. Geode Capital Management LLC raised its holdings in BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company's stock valued at $15,114,000 after buying an additional 160,171 shares during the period. SBI Okasan Asset Management Co.Ltd. purchased a new stake in BKV in the 4th quarter valued at about $52,000. Police & Firemen s Retirement System of New Jersey raised its holdings in BKV by 34.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company's stock valued at $155,000 after buying an additional 1,455 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in BKV by 13.0% in the first quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company's stock valued at $15,541,000 after buying an additional 62,485 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Truist Financial dropped their price target on shares of BKV from $34.00 to $33.00 and set a "buy" rating for the company in a research report on Monday, August 10th. Susquehanna decreased their price objective on shares of BKV from $37.00 to $35.00 and set a "positive" rating on the stock in a report on Tuesday, July 21st. Wall Street Zen raised shares of BKV from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Citigroup dropped their target price on shares of BKV from $36.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, June 11th. Finally, Barclays boosted their target price on BKV from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.25.

BKV Stock Performance

Shares of BKV opened at $26.66 on Wednesday. BKV Corporation has a 1 year low of $20.08 and a 1 year high of $32.81. The stock has a market capitalization of $2.92 billion, a PE ratio of 9.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The stock has a 50-day simple moving average of $25.52 and a 200-day simple moving average of $27.69.

BKV (NYSE:BKV - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.21. The firm had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.68%. On average, analysts predict that BKV Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Lindsay B. Larrick sold 10,000 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $26.16, for a total value of $261,600.00. Following the sale, the insider directly owned 83,925 shares in the company, valued at approximately $2,195,478. This trade represents a 10.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric S. Jacobsen sold 25,000 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $26.89, for a total transaction of $672,250.00. Following the completion of the sale, the insider owned 227,843 shares in the company, valued at $6,126,698.27. The trade was a 9.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.51% of the company's stock.

About BKV

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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