CoreCommodity Management LLC trimmed its holdings in shares of Bonanza Creek Energy Inc (NYSE:BCEI) by 60.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,854 shares of the oil and gas producer’s stock after selling 10,502 shares during the quarter. CoreCommodity Management LLC’s holdings in Bonanza Creek Energy were worth $142,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in shares of Bonanza Creek Energy by 304.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 380,283 shares of the oil and gas producer’s stock worth $14,401,000 after acquiring an additional 286,346 shares during the last quarter. Comerica Bank bought a new stake in Bonanza Creek Energy in the 3rd quarter valued at $511,000. American Century Companies Inc. bought a new stake in Bonanza Creek Energy in the 3rd quarter valued at $1,373,000. LSV Asset Management boosted its stake in Bonanza Creek Energy by 102.8% in the 3rd quarter. LSV Asset Management now owns 28,600 shares of the oil and gas producer’s stock valued at $851,000 after purchasing an additional 14,500 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Bonanza Creek Energy in the 3rd quarter valued at $814,000.

Several research firms recently issued reports on BCEI. Imperial Capital restated an “outperform” rating and issued a $35.00 price target (up from $33.00) on shares of Bonanza Creek Energy in a research note on Friday, March 1st. Zacks Investment Research downgraded Bonanza Creek Energy from a “buy” rating to a “strong sell” rating in a research note on Monday, January 28th. Finally, SunTrust Banks began coverage on Bonanza Creek Energy in a research note on Friday, December 14th. They issued a “hold” rating and a $25.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.40.

BCEI opened at $20.91 on Friday. The firm has a market capitalization of $429.89 million, a P/E ratio of 4.61 and a beta of 1.49. Bonanza Creek Energy Inc has a 1 year low of $18.41 and a 1 year high of $40.38. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.06.

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About Bonanza Creek Energy

Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.

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Institutional Ownership by Quarter for Bonanza Creek Energy (NYSE:BCEI)

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