Bonanza Creek Energy Inc (BCEI) Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Bonanza Creek Energy Inc (NYSE:BCEI) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,045,276 shares of the oil and gas producer’s stock after purchasing an additional 163,461 shares during the period. Bank of New York Mellon Corp owned 5.09% of Bonanza Creek Energy worth $21,605,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its position in Bonanza Creek Energy by 92.3% in the 3rd quarter. BlackRock Inc. now owns 2,774,826 shares of the oil and gas producer’s stock worth $82,633,000 after purchasing an additional 1,331,837 shares during the period. Prudential Financial Inc. raised its position in Bonanza Creek Energy by 752.5% in the 3rd quarter. Prudential Financial Inc. now owns 65,390 shares of the oil and gas producer’s stock worth $1,947,000 after purchasing an additional 57,720 shares during the period. Rhumbline Advisers raised its position in Bonanza Creek Energy by 137.9% in the 3rd quarter. Rhumbline Advisers now owns 44,913 shares of the oil and gas producer’s stock worth $1,338,000 after purchasing an additional 26,035 shares during the period. Assenagon Asset Management S.A. raised its position in Bonanza Creek Energy by 9.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 414,240 shares of the oil and gas producer’s stock worth $8,562,000 after purchasing an additional 35,509 shares during the period. Finally, United Services Automobile Association purchased a new position in Bonanza Creek Energy in the 3rd quarter worth $1,256,000.

BCEI has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Bonanza Creek Energy from a “buy” rating to a “strong sell” rating in a research report on Monday, January 28th. TheStreet upgraded shares of Bonanza Creek Energy from a “d” rating to a “c-” rating in a research report on Friday, March 15th. Finally, Imperial Capital restated an “outperform” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Bonanza Creek Energy in a research report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.75.

Shares of BCEI traded down $0.26 during trading hours on Friday, reaching $22.82. 138,475 shares of the company traded hands, compared to its average volume of 193,217. The firm has a market capitalization of $469.16 million, a price-to-earnings ratio of 4.80 and a beta of 1.49. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.06. Bonanza Creek Energy Inc has a 12 month low of $18.41 and a 12 month high of $40.38.

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Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc, an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.

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Institutional Ownership by Quarter for Bonanza Creek Energy (NYSE:BCEI)

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