70,473 BKV Corporation $BKV Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its holdings in BKV Corporation (NYSE:BKV) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,124,317 shares of the company’s stock after selling 70,473 shares during the period. William Blair Investment Management LLC owned 1.03% of BKV worth $23,993,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BKV. BlackRock Inc. acquired a new position in BKV during the second quarter worth about $74,241,000. Cooper Creek Partners Management LLC lifted its holdings in shares of BKV by 24.7% in the first quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after purchasing an additional 416,281 shares in the last quarter. Value Aligned Research Advisors LLC grew its position in shares of BKV by 110.5% in the second quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock valued at $18,602,000 after purchasing an additional 356,848 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of BKV in the second quarter valued at approximately $16,177,000. Finally, Bank of New York Mellon Corp increased its stake in shares of BKV by 13.0% during the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock worth $15,541,000 after purchasing an additional 62,485 shares in the last quarter.

Insider Buying and Selling at BKV

In other news, SVP Javier Hinojosa sold 4,952 shares of the firm’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $20.91, for a total transaction of $103,546.32. Following the sale, the senior vice president owned 71,896 shares in the company, valued at $1,503,345.36. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of BKV stock in a transaction on Friday, August 21st. The shares were sold at an average price of $25.63, for a total value of $38,445.00. Following the completion of the sale, the chief financial officer directly owned 57,024 shares of the company’s stock, valued at approximately $1,461,525.12. This represents a 2.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,578 shares of company stock worth $743,536 in the last 90 days. Insiders own 2.51% of the company’s stock.

BKV Trading Down 0.0%

Shares of BKV traded down $0.00 on Friday, hitting $19.27. 951,087 shares of the stock traded hands, compared to its average volume of 1,866,311. The company has a quick ratio of 3.18, a current ratio of 3.25 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.08 billion, a P/E ratio of 9.13 and a beta of 1.13. The stock’s 50 day moving average is $22.02 and its two-hundred day moving average is $26.11. BKV Corporation has a 1 year low of $17.47 and a 1 year high of $32.81.

BKV (NYSE:BKV) last released its earnings results on Thursday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). The firm had revenue of $478.37 million during the quarter, compared to analysts’ expectations of $395.18 million. BKV had a return on equity of 6.12% and a net margin of 12.87%. As a group, sell-side analysts predict that BKV Corporation will post 1.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

BKV has been the subject of several research reports. Wall Street Zen downgraded BKV from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Susquehanna reduced their target price on BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research note on Tuesday, July 21st. Evercore upgraded BKV to a “strong-buy” rating in a report on Friday, September 18th. Raymond James Financial set a $29.00 price target on BKV in a research report on Tuesday, September 15th. Finally, Weiss Ratings cut BKV from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.11.

BKV Company Profile

BKV Corporation is a U.S. energy company focused on natural gas production and related businesses. It operates in the Barnett Shale in Texas and the Marcellus Shale in Pennsylvania, producing natural gas for sale to customers and markets across the region. The company has expanded beyond production into natural gas gathering and processing, natural gas-fired power generation, and carbon capture and sequestration. These activities connect its gas operations with energy delivery and projects intended to reduce emissions.