Squarepoint Ops LLC Grows Stock Position in BKV Corporation $BKV

Squarepoint Ops LLC lifted its position in BKV Corporation (NYSE:BKV) by 87.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,461 shares of the company’s stock after acquiring an additional 140,835 shares during the period. Squarepoint Ops LLC owned 0.28% of BKV worth $8,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Okasan Asset Management Co.Ltd. purchased a new position in BKV in the 4th quarter valued at $52,000. Police & Firemen s Retirement System of New Jersey grew 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 worth $155,000 after buying an additional 1,455 shares in the last quarter. PEAK6 LLC acquired a new stake in shares of BKV in the second quarter valued at about $270,000. Arizona State Retirement System acquired a new stake in shares of BKV in the second quarter valued at about $289,000. Finally, Jupiter Topco LLC purchased a new position in shares of BKV in the second quarter worth about $446,000.

BKV Stock Performance

Shares of BKV stock opened at $24.89 on Friday. The firm has a market cap of $2.72 billion, a PE ratio of 9.08 and a beta of 1.06. 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 Corporation has a 52 week low of $20.08 and a 52 week high of $32.81. The business’s fifty day simple moving average is $25.35 and its 200-day simple moving average is $27.09.

BKV (NYSE:BKV) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. BKV had a return on equity of 6.67% and a net margin of 17.73%.The firm had revenue of $465.54 million during the quarter, compared to the consensus estimate of $355.25 million. Equities analysts forecast that BKV Corporation will post 1.77 earnings per share for the current year.

Insider Buying and Selling at BKV

In other news, SVP Javier Hinojosa sold 12,377 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $25.73, for a total value of $318,460.21. Following the sale, the senior vice president directly owned 84,276 shares of the company’s stock, valued at approximately $2,168,421.48. The trade was a 12.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Larrick sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $26.16, for a total transaction of $261,600.00. Following the completion of the sale, the insider directly owned 83,925 shares in the company, valued at $2,195,478. This trade represents a 10.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,198 shares of company stock worth $733,271 over the last three months. Insiders own 2.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Truist Financial dropped their price objective on shares of BKV from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Susquehanna lowered their target price on BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings restated a “hold (c+)” rating on shares of BKV in a research report on Monday, August 24th. Citigroup dropped their price target on BKV from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. Finally, Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.25.

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