WINTON GROUP Ltd boosted its holdings in Bonanza Creek Energy, Inc. (NYSE:BCEI) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,490 shares of the oil and gas producer’s stock after purchasing an additional 1,279 shares during the quarter. WINTON GROUP Ltd owned approximately 0.08% of Bonanza Creek Energy worth $1,200,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new position in shares of Bonanza Creek Energy during the 2nd quarter valued at approximately $26,000. Captrust Financial Advisors lifted its position in Bonanza Creek Energy by 3,217.5% in the first quarter. Captrust Financial Advisors now owns 1,327 shares of the oil and gas producer’s stock worth $47,000 after buying an additional 1,287 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in Bonanza Creek Energy by 35.7% in the second quarter. Ameritas Investment Partners Inc. now owns 2,420 shares of the oil and gas producer’s stock worth $114,000 after buying an additional 636 shares during the last quarter. Yaupon Capital Management LP bought a new stake in Bonanza Creek Energy in the first quarter worth $122,000. Finally, Lebenthal Global Advisors LLC bought a new stake in Bonanza Creek Energy in the second quarter worth $252,000.
A number of research firms have weighed in on BCEI. Zacks Investment Research lowered Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 17th. Wells Fargo & Company cut their price target on Bonanza Creek Energy from $64.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, August 23rd. KeyCorp raised their price target on Bonanza Creek Energy from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, June 17th. Truist raised their price target on Bonanza Creek Energy from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, June 11th. Finally, TheStreet lowered Bonanza Creek Energy from a “b-” rating to a “c+” rating in a research note on Monday, July 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $54.80.
Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings data on Sunday, August 8th. The oil and gas producer reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.14). The company had revenue of $156.04 million for the quarter, compared to analyst estimates of $135.80 million. Bonanza Creek Energy had a return on equity of 3.45% and a net margin of 10.93%. On average, analysts predict that Bonanza Creek Energy, Inc. will post 5.99 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Tuesday, September 14th. Bonanza Creek Energy’s dividend payout ratio (DPR) is presently 28.28%.
In related news, Director Paul Keglevic sold 10,223 shares of the business’s stock in a transaction on Wednesday, September 8th. The stock was sold at an average price of $42.78, for a total value of $437,339.94. Following the sale, the director now owns 11,471 shares in the company, valued at approximately $490,729.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brant Demuth sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 8th. The shares were sold at an average price of $43.05, for a total value of $73,185.00. Following the completion of the sale, the chief financial officer now owns 38,948 shares in the company, valued at approximately $1,676,711.40. The disclosure for this sale can be found here. Corporate insiders own 1.41% of the company’s stock.
Bonanza Creek Energy Profile
Bonanza Creek Energy, Inc engages in the extraction of oil and associated liquids-rich natural gas. It focuses on the Niobrara and Codell formations in the Denver-Julesburg Basin. The company was founded on December 2, 2010 and is headquartered in Denver, CO.
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