Bonanza Creek Energy (BCEI) Holdings Boosted by Mangrove Partners

Mangrove Partners increased its position in Bonanza Creek Energy (NYSE:BCEI) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,993,900 shares of the oil and gas producer’s stock after buying an additional 291,400 shares during the quarter. Bonanza Creek Energy comprises about 7.4% of Mangrove Partners’ investment portfolio, making the stock its 4th biggest position. Mangrove Partners owned 9.75% of Bonanza Creek Energy worth $55,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of Bonanza Creek Energy by 492.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 164,052 shares of the oil and gas producer’s stock valued at $4,526,000 after acquiring an additional 136,373 shares in the last quarter. QS Investors LLC lifted its position in shares of Bonanza Creek Energy by 82.2% during the fourth quarter. QS Investors LLC now owns 72,467 shares of the oil and gas producer’s stock worth $1,999,000 after purchasing an additional 32,696 shares during the last quarter. Brigade Capital Management LP lifted its position in shares of Bonanza Creek Energy by 9.0% during the fourth quarter. Brigade Capital Management LP now owns 458,363 shares of the oil and gas producer’s stock worth $12,646,000 after purchasing an additional 38,006 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Bonanza Creek Energy by 73.0% during the fourth quarter. Deutsche Bank AG now owns 66,807 shares of the oil and gas producer’s stock worth $1,841,000 after purchasing an additional 28,199 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of Bonanza Creek Energy during the fourth quarter worth about $305,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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Shares of NYSE BCEI traded down $1.11 during mid-day trading on Monday, reaching $26.60. 224,537 shares of the company traded hands, compared to its average volume of 271,406. The firm has a market capitalization of $566.77, a PE ratio of 20.68 and a beta of 1.64. Bonanza Creek Energy has a fifty-two week low of $23.33 and a fifty-two week high of $40.60.

A number of brokerages have issued reports on BCEI. Zacks Investment Research cut shares of Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Monday. ValuEngine raised Bonanza Creek Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Six analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $28.50.

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Bonanza Creek Energy Profile

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.

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

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