Cohen & Steers Inc. Sells 183,658 Shares of BKV Corporation (NYSE:BKV)

Cohen & Steers Inc. lessened its position in shares of BKV Corporation (NYSE:BKV) by 47.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,423 shares of the company’s stock after selling 183,658 shares during the quarter. Cohen & Steers Inc. owned approximately 0.25% of BKV worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in BKV in the 4th quarter valued at $157,000. Corebridge Financial Inc. bought a new stake in BKV in the fourth quarter valued at about $170,000. Bank of New York Mellon Corp acquired a new position in BKV in the fourth quarter worth about $695,000. Finally, Geode Capital Management LLC bought a new position in BKV during the fourth quarter worth about $7,728,000.

Insider Activity

In related news, CFO David Tameron sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $20.03, for a total value of $100,150.00. Following the transaction, the chief financial officer now owns 47,779 shares in the company, valued at $957,013.37. This trade represents a 9.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lindsay B. Larrick sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was 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 of the company’s stock, valued at $5,173,274.96. This represents a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,667 shares of company stock valued at $851,490.

Analysts Set New Price Targets

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

BKV Stock Performance

BKV opened at $17.05 on Tuesday. BKV Corporation has a 1-year low of $15.00 and a 1-year high of $26.78. The firm has a 50-day moving average price of $20.58 and a two-hundred day moving average price of $21.14.

BKV (NYSE:BKV) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The company had revenue of $119.78 million during the quarter, compared to analyst estimates of $183.77 million. As a group, equities research analysts predict that BKV Corporation will post -1.82 earnings per share for the current year.

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.