Vanguard Group Inc. boosted its stake in shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,443,765 shares of the oil and gas producer’s stock after buying an additional 204,913 shares during the period. Vanguard Group Inc. owned about 1.90% of Baytex Energy Corp worth $15,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Formidable Asset Management LLC increased its position in shares of Baytex Energy Corp by 982.4% in the first quarter. Formidable Asset Management LLC now owns 394,000 shares of the oil and gas producer’s stock valued at $131,000 after buying an additional 357,600 shares in the last quarter. Sentry Investments Corp. increased its position in shares of Baytex Energy Corp by 24.9% in the first quarter. Sentry Investments Corp. now owns 767,800 shares of the oil and gas producer’s stock valued at $3,486,000 after buying an additional 153,000 shares in the last quarter. Van ECK Associates Corp purchased a new position in shares of Baytex Energy Corp during the first quarter valued at approximately $394,000. Dynamic Technology Lab Private Ltd increased its position in shares of Baytex Energy Corp by 138.3% in the first quarter. Dynamic Technology Lab Private Ltd now owns 63,506 shares of the oil and gas producer’s stock valued at $217,000 after buying an additional 36,851 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Baytex Energy Corp by 121.1% in the first quarter. Schroder Investment Management Group now owns 2,981,853 shares of the oil and gas producer’s stock valued at $13,687,000 after buying an additional 1,633,500 shares in the last quarter. Institutional investors and hedge funds own 19.61% of the company’s stock.

Shares of Baytex Energy Corp (NYSE BTE) remained flat at $2.45 on Friday. The company’s stock had a trading volume of 855,835 shares. The company’s market capitalization is $576.85 million. The company has a 50 day moving average price of $2.56 and a 200-day moving average price of $3.03. Baytex Energy Corp has a 52 week low of $2.13 and a 52 week high of $5.61.

Baytex Energy Corp (NYSE:BTE) (TSE:BTE) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.17. Baytex Energy Corp had a negative net margin of 38.91% and a negative return on equity of 5.17%. The business had revenue of $207.22 million during the quarter. Analysts forecast that Baytex Energy Corp will post ($0.16) EPS for the current fiscal year.

WARNING: This story was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://theolympiareport.com/2017/08/27/baytex-energy-corp-bte-shares-bought-by-vanguard-group-inc.html.

Several research analysts have commented on the stock. BidaskClub downgraded shares of Baytex Energy Corp from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of Baytex Energy Corp from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Raymond James Financial, Inc. downgraded shares of Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. UBS AG downgraded shares of Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Finally, Scotiabank downgraded shares of Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $7.44.

Baytex Energy Corp Company Profile

Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into four business units: Lloydminster, Peace River, Conventional and United States.

Want to see what other hedge funds are holding BTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baytex Energy Corp (NYSE:BTE) (TSE:BTE).

Institutional Ownership by Quarter for Baytex Energy Corp (NYSE:BTE)

Receive News & Ratings for Baytex Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.