Vanguard Group Inc. Buys 267,543 Shares of Bonanza Creek Energy Inc (BCEI)

Vanguard Group Inc. lifted its holdings in shares of Bonanza Creek Energy Inc (NYSE:BCEI) by 31.3% in the third quarter, HoldingsChannel reports. The fund owned 1,121,189 shares of the oil and gas producer’s stock after purchasing an additional 267,543 shares during the period. Vanguard Group Inc. owned about 0.05% of Bonanza Creek Energy worth $33,389,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BCEI. BlackRock Inc. grew its stake in shares of Bonanza Creek Energy by 92.3% in the third quarter. BlackRock Inc. now owns 2,774,826 shares of the oil and gas producer’s stock worth $82,633,000 after acquiring an additional 1,331,837 shares during the last quarter. Texas Permanent School Fund purchased a new stake in shares of Bonanza Creek Energy in the third quarter worth $350,000. Prudential Financial Inc. grew its stake in shares of Bonanza Creek Energy by 752.5% in the third quarter. Prudential Financial Inc. now owns 65,390 shares of the oil and gas producer’s stock worth $1,947,000 after acquiring an additional 57,720 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Bonanza Creek Energy by 137.9% in the third quarter. Rhumbline Advisers now owns 44,913 shares of the oil and gas producer’s stock worth $1,338,000 after acquiring an additional 26,035 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Bonanza Creek Energy in the third quarter worth $11,279,000.

BCEI has been the topic of a number of recent research reports. Imperial Capital increased their target price on Bonanza Creek Energy to $53.00 in a research note on Friday, October 19th. Zacks Investment Research raised Bonanza Creek Energy from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a report on Tuesday, October 23rd. Finally, SunTrust Banks started coverage on Bonanza Creek Energy in a report on Friday, December 14th. They set a “hold” rating and a $25.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Bonanza Creek Energy has an average rating of “Hold” and a consensus target price of $36.00.

Shares of NYSE:BCEI traded up $0.39 during midday trading on Wednesday, reaching $22.96. 895 shares of the company’s stock traded hands, compared to its average volume of 205,231. The company has a market cap of $479.70 million, a P/E ratio of 4.58 and a beta of 1.61. Bonanza Creek Energy Inc has a one year low of $18.41 and a one year high of $40.38.

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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.

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

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