Anson Funds Management LP cut its stake in Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) by 61.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,500,000 shares of the oil and gas exploration company’s stock after selling 2,350,000 shares during the period. Bellatrix Exploration comprises approximately 2.2% of Anson Funds Management LP’s holdings, making the stock its 9th largest holding. Anson Funds Management LP owned approximately 3.04% of Bellatrix Exploration worth $3,225,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of BXE. First Eagle Investment Management LLC acquired a new position in shares of Bellatrix Exploration in the 3rd quarter worth approximately $1,153,000. Renaissance Technologies LLC acquired a new position in shares of Bellatrix Exploration in the 4th quarter worth approximately $335,000. Deutsche Bank AG raised its holdings in shares of Bellatrix Exploration by 7,718.2% in the 4th quarter. Deutsche Bank AG now owns 426,872 shares of the oil and gas exploration company’s stock worth $734,000 after buying an additional 421,412 shares in the last quarter. Finally, Proxima Capital Management LLC raised its holdings in shares of Bellatrix Exploration by 40.1% in the 4th quarter. Proxima Capital Management LLC now owns 1,800,000 shares of the oil and gas exploration company’s stock worth $3,079,000 after buying an additional 515,000 shares in the last quarter. 29.13% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on BXE shares. Northland Securities set a $3.00 price target on Bellatrix Exploration and gave the company a “buy” rating in a report on Monday, December 11th. Zacks Investment Research raised Bellatrix Exploration from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. AltaCorp Capital reaffirmed a “hold” rating and set a $1.90 price target on shares of Bellatrix Exploration in a report on Monday, January 15th. BMO Capital Markets started coverage on Bellatrix Exploration in a report on Thursday, January 11th. They set an “underperform” rating for the company. Finally, Raymond James Financial cut Bellatrix Exploration from a “market perform” rating to an “underperform” rating in a report on Thursday, December 14th. Six research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Bellatrix Exploration presently has a consensus rating of “Hold” and an average price target of $3.41.
About Bellatrix Exploration
Bellatrix Exploration Ltd. is an oil and gas exploration company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s properties include Ferrier, Willesden Green, Greater Pembina, Strachan and Harmattan.
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