Baytex Energy Corp $BTE Shares Purchased by TD Asset Management Inc

TD Asset Management Inc raised its holdings in shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 176.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,287,145 shares of the oil and gas producer’s stock after buying an additional 6,564,105 shares during the period. TD Asset Management Inc owned about 1.37% of Baytex Energy worth $33,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTE. Goldman Sachs Group Inc. lifted its position in Baytex Energy by 110.6% during the first quarter. Goldman Sachs Group Inc. now owns 7,127,074 shares of the oil and gas producer’s stock valued at $15,893,000 after buying an additional 3,743,234 shares in the last quarter. Jane Street Group LLC lifted its position in Baytex Energy by 446.3% during the first quarter. Jane Street Group LLC now owns 2,646,885 shares of the oil and gas producer’s stock valued at $5,903,000 after buying an additional 2,162,346 shares in the last quarter. Geode Capital Management LLC lifted its position in Baytex Energy by 19.0% during the second quarter. Geode Capital Management LLC now owns 1,802,016 shares of the oil and gas producer’s stock valued at $3,226,000 after buying an additional 287,454 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Baytex Energy by 10.7% during the second quarter. Russell Investments Group Ltd. now owns 144,757 shares of the oil and gas producer’s stock valued at $261,000 after buying an additional 14,050 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Baytex Energy by 18.4% during the second quarter. Invesco Ltd. now owns 465,450 shares of the oil and gas producer’s stock valued at $833,000 after buying an additional 72,431 shares in the last quarter. 46.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BTE has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Baytex Energy in a research report on Monday, June 1st. Scotiabank reaffirmed an “outperform” rating on shares of Baytex Energy in a research report on Tuesday, April 21st. TD Securities reaffirmed a “hold” rating on shares of Baytex Energy in a research report on Monday, May 11th. Zacks Research raised shares of Baytex Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Baytex Energy in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Baytex Energy Trading Down 6.2%

NYSE BTE opened at $4.77 on Friday. The company’s fifty day simple moving average is $4.69 and its 200-day simple moving average is $3.89. Baytex Energy Corp has a 52 week low of $1.71 and a 52 week high of $5.36. The company has a current ratio of 2.15, a quick ratio of 2.12 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.45 billion, a P/E ratio of -6.81 and a beta of 0.37.

Baytex Energy (NYSE:BTE) (TSE:BTE) last posted its earnings results on Thursday, May 7th. The oil and gas producer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). Baytex Energy had a negative return on equity of 10.85% and a negative net margin of 24.25%.The firm had revenue of $325.64 million for the quarter, compared to analyst estimates of $228.04 million. Equities research analysts predict that Baytex Energy Corp will post 0.21 EPS for the current fiscal year.

Baytex Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Monday, June 15th will be given a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 15th. Baytex Energy’s payout ratio is presently -10.00%.

Baytex Energy Profile

Baytex Energy Corp. is an oil & gas exploration and production company. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.