Thrivent Financial for Lutherans Lowers Position in Bonanza Creek Energy Inc (BCEI)

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Thrivent Financial for Lutherans lowered its stake in shares of Bonanza Creek Energy Inc (NYSE:BCEI) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,160 shares of the oil and gas producer’s stock after selling 1,166 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Bonanza Creek Energy were worth $272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Bonanza Creek Energy by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,476,187 shares of the oil and gas producer’s stock valued at $30,513,000 after purchasing an additional 159,783 shares in the last quarter. BlackRock Inc. boosted its holdings 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 valued at $82,633,000 after purchasing an additional 1,331,837 shares in the last quarter. Prudential Financial Inc. boosted its holdings 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 valued at $1,947,000 after purchasing an additional 57,720 shares in the last quarter. Rhumbline Advisers boosted its holdings 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 valued at $1,338,000 after purchasing an additional 26,035 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings 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 valued at $8,562,000 after purchasing an additional 35,509 shares in the last quarter.

BCEI stock opened at $23.51 on Wednesday. Bonanza Creek Energy Inc has a 12-month low of $18.41 and a 12-month high of $40.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.36 and a quick ratio of 1.32. The company has a market cap of $477.99 million, a PE ratio of 4.89 and a beta of 1.49.

A number of brokerages have weighed in on BCEI. TheStreet raised 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 issued a $35.00 price objective (up previously from $33.00) on shares of Bonanza Creek Energy in a report on Friday, March 1st. Finally, Zacks Investment Research lowered Bonanza Creek Energy from a “buy” rating to a “strong sell” rating in a report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.75.

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About Bonanza Creek Energy

Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.

Further Reading: Balance Sheet

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

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