CIBC Private Wealth Group LLC Sells 189,152 Shares of BKV Corporation (NYSE:BKV)

CIBC Private Wealth Group LLC cut its stake in BKV Corporation (NYSE:BKV) by 34.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,848 shares of the company’s stock after selling 189,152 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.43% of BKV worth $8,631,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in BKV in the 4th quarter valued at about $157,000. Corebridge Financial Inc. acquired a new position in shares of BKV in the fourth quarter valued at approximately $170,000. Finally, Bank of New York Mellon Corp bought a new position in shares of BKV during the fourth quarter worth approximately $695,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on BKV shares. Truist Financial decreased their price objective on BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 17th. KeyCorp decreased their price target on shares of BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th. Barclays boosted their price objective on shares of BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Mizuho raised their target price on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $28.00.

BKV Trading Up 0.0 %

NYSE BKV opened at $21.00 on Wednesday. BKV Corporation has a 1 year low of $17.39 and a 1 year high of $26.78. The stock’s 50 day moving average price is $22.25.

BKV (NYSE:BKV) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.11. The business had revenue of $119.78 million during the quarter, compared to the consensus estimate of $183.77 million. Equities analysts expect that BKV Corporation will post -1.82 EPS for the current year.

Insider Buying and Selling at BKV

In other news, insider Lindsay B. Larrick sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $21.07, for a total value of $316,050.00. Following the sale, the insider now directly owns 245,528 shares in the company, valued at approximately $5,173,274.96. This trade represents a 5.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.