Bank of New York Mellon Corp Invests $695,000 in BKV Corporation (NYSE:BKV)

Bank of New York Mellon Corp purchased a new stake in shares of BKV Corporation (NYSE:BKV) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 29,244 shares of the company’s stock, valued at approximately $695,000.

Separately, SG Americas Securities LLC purchased a new stake in shares of BKV in the 4th quarter valued at approximately $157,000.

BKV Trading Down 0.3 %

Shares of NYSE BKV opened at $20.93 on Thursday. The business’s 50-day moving average is $22.54. BKV Corporation has a 1-year low of $17.39 and a 1-year high of $26.78.

BKV (NYSE:BKV) last released its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.11. The firm had revenue of $119.78 million for the quarter, compared to analysts’ expectations of $183.77 million. On average, research analysts expect that BKV Corporation will post -1.82 earnings per share for the current fiscal 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 dated Tuesday, March 25th. The stock was sold at an average price of $21.07, for a total transaction of $316,050.00. Following the sale, the insider now owns 245,528 shares of the company’s stock, valued at approximately $5,173,274.96. This trade represents a 5.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

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

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.