Northern Trust Corp boosted its position in shares of Bonanza Creek Energy Inc (NYSE:BCEI) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 228,709 shares of the oil and gas producer’s stock after acquiring an additional 1,858 shares during the period. Northern Trust Corp’s holdings in Bonanza Creek Energy were worth $4,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new stake in Bonanza Creek Energy during the 4th quarter valued at $147,000. Texas Permanent School Fund grew its holdings in Bonanza Creek Energy by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 12,234 shares of the oil and gas producer’s stock valued at $253,000 after purchasing an additional 473 shares in the last quarter. Putnam Investments LLC acquired a new stake in Bonanza Creek Energy during the 3rd quarter valued at $303,000. Thrivent Financial for Lutherans acquired a new stake in Bonanza Creek Energy during the 3rd quarter valued at $427,000. Finally, MetLife Investment Advisors LLC grew its holdings in Bonanza Creek Energy by 43.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 14,941 shares of the oil and gas producer’s stock valued at $445,000 after purchasing an additional 4,549 shares in the last quarter.

BCEI has been the subject of a number of recent analyst reports. TheStreet raised shares of Bonanza Creek Energy from a “d” rating to a “c-” rating in a report on Friday, March 15th. Imperial Capital reaffirmed an “outperform” rating and set a $35.00 price target (up from $33.00) on shares of Bonanza Creek Energy in a report on Friday, March 1st. Finally, Zacks Investment Research lowered shares of Bonanza Creek Energy from a “buy” rating to a “strong sell” rating in a report on Monday, January 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Bonanza Creek Energy has an average rating of “Hold” and a consensus target price of $33.75.

Shares of BCEI stock opened at $22.82 on Friday. The firm has a market cap of $469.16 million, a price-to-earnings ratio of 4.80 and a beta of 1.49. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.06. Bonanza Creek Energy Inc has a 1-year low of $18.41 and a 1-year high of $40.38.

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Bonanza Creek Energy 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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