IMC Chicago LLC Purchases New Holdings in BKV Corporation $BKV

IMC Chicago LLC acquired a new position in shares of BKV Corporation (NYSE:BKV) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 24,205 shares of the company’s stock, valued at approximately $662,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKV. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of BKV during the fourth quarter valued at approximately $52,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of BKV by 34.3% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after purchasing an additional 1,455 shares during the last quarter. PEAK6 LLC bought a new stake in shares of BKV in the 2nd quarter worth approximately $270,000. Jupiter Topco LLC bought a new stake in shares of BKV in the 2nd quarter worth approximately $446,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of BKV in the 2nd quarter worth approximately $479,000.

BKV Price Performance

Shares of BKV opened at $24.06 on Friday. BKV Corporation has a twelve month low of $20.08 and a twelve month high of $32.81. The company has a market capitalization of $2.63 billion, a P/E ratio of 8.78 and a beta of 1.08. The firm has a 50 day moving average of $25.52 and a 200 day moving average of $27.44. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45.

BKV (NYSE:BKV) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.21. BKV had a return on equity of 6.67% and a net margin of 17.73%.The business had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. As a group, equities research analysts anticipate that BKV Corporation will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BKV has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $34.00 price objective on shares of BKV in a research report on Friday, July 10th. Citigroup dropped their target price on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, June 11th. Barclays increased their target price on BKV from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of BKV in a report on Monday, August 24th. Finally, Susquehanna lowered their price target on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Tuesday, July 21st. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, BKV has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

Insiders Place Their Bets

In other news, insider Eric S. Jacobsen sold 25,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $26.89, for a total value of $672,250.00. Following the completion of the transaction, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 4,321 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $26.56, for a total value of $114,765.76. Following the transaction, the chief financial officer directly owned 58,524 shares in the company, valued at approximately $1,554,397.44. The trade was a 6.88% 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. Insiders have sold 53,198 shares of company stock worth $1,405,521 over the last three months. Company insiders own 2.51% of the company’s stock.

BKV 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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.