Oxbow Advisors LLC Invests $3.70 Million in BKV Corporation $BKV

Oxbow Advisors LLC bought a new position in shares of BKV Corporation (NYSE:BKV) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 135,258 shares of the company’s stock, valued at approximately $3,701,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SBI Okasan Asset Management Co.Ltd. purchased a new position in BKV in the fourth quarter valued at approximately $52,000. Police & Firemen s Retirement System of New Jersey lifted its position in shares of BKV by 34.3% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after buying an additional 1,455 shares during the last quarter. IMC Chicago LLC lifted its position in shares of BKV by 100.0% during the 2nd quarter. IMC Chicago LLC now owns 24,205 shares of the company’s stock worth $662,000 after buying an additional 12,105 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of BKV during the 2nd quarter worth approximately $909,000. Finally, Cooper Creek Partners Management LLC boosted its holdings in shares of BKV by 35.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock valued at $10,678,000 after buying an additional 121,082 shares in the last quarter.

BKV Price Performance

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

BKV (NYSE:BKV) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.21. BKV had a net margin of 17.73% and a return on equity of 6.68%. The firm had revenue of $465.54 million for the quarter, compared to the consensus estimate of $355.25 million. Equities research analysts anticipate that BKV Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Eric S. Jacobsen sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $26.89, for a total transaction of $672,250.00. Following the completion of the sale, the insider directly owned 227,843 shares in the company, valued at $6,126,698.27. This trade represents a 9.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay B. Larrick sold 10,000 shares of BKV stock in a transaction dated Friday, August 14th. The stock was 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. The trade was a 10.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Zacks Research raised shares of BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Weiss Ratings cut shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Truist Financial decreased their price objective on shares of BKV from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Wall Street Zen raised BKV from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Susquehanna cut their target price on BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Tuesday, July 21st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, BKV has an average rating of “Moderate Buy” and an average target price of $34.25.

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.