Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bonanza Creek Energy Inc (NYSE:BCEI) by 136.5% during the 1st quarter, Holdings Channel reports. The firm owned 1,239 shares of the oil and gas producer’s stock after purchasing an additional 715 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bonanza Creek Energy were worth $28,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BCEI. Oaktree Capital Management LP grew its position in Bonanza Creek Energy by 197.6% during the 4th quarter. Oaktree Capital Management LP now owns 1,700,156 shares of the oil and gas producer’s stock worth $35,142,000 after purchasing an additional 1,128,948 shares during the last quarter. Vanguard Group Inc. grew its position in Bonanza Creek Energy by 31.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,121,189 shares of the oil and gas producer’s stock worth $33,389,000 after purchasing an additional 267,543 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Bonanza Creek Energy by 28.6% in the fourth quarter. Millennium Management LLC now owns 1,179,737 shares of the oil and gas producer’s stock valued at $24,385,000 after acquiring an additional 262,056 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Bonanza Creek Energy by 18.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,045,276 shares of the oil and gas producer’s stock valued at $21,605,000 after acquiring an additional 163,461 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Bonanza Creek Energy by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,476,187 shares of the oil and gas producer’s stock valued at $30,513,000 after acquiring an additional 159,783 shares in the last quarter.

Several brokerages have recently weighed in on BCEI. Zacks Investment Research downgraded shares of Bonanza Creek Energy from a “strong-buy” rating to a “sell” rating in a report on Friday, May 17th. Imperial Capital reaffirmed an “outperform” rating and issued a $35.00 target price (up previously from $33.00) on shares of Bonanza Creek Energy in a report on Friday, March 1st. TheStreet raised shares of Bonanza Creek Energy from a “d” rating to a “c-” rating in a report on Friday, March 15th. Finally, Capital One Financial raised shares of Bonanza Creek Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.25.

Shares of NYSE:BCEI traded down $0.46 during midday trading on Friday, hitting $19.53. The stock had a trading volume of 232,990 shares, compared to its average volume of 166,192. The company has a market cap of $412.28 million, a price-to-earnings ratio of 4.21 and a beta of 1.52. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 0.10. Bonanza Creek Energy Inc has a 1 year low of $18.41 and a 1 year high of $40.38.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.watchlistnews.com/zurcher-kantonalbank-zurich-cantonalbank-raises-holdings-in-bonanza-creek-energy-inc-bcei/3029453.html.

About Bonanza Creek Energy

Bonanza Creek Energy, Inc, an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.

Featured Story: How a Strangle Strategy is different from a Straddle Strategy

Want to see what other hedge funds are holding BCEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bonanza Creek Energy Inc (NYSE:BCEI).

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

Receive News & Ratings for Bonanza Creek Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonanza Creek Energy and related companies with MarketBeat.com's FREE daily email newsletter.