Canada Pension Plan Investment Board Buys 27,800 Shares of Bill Barrett Co. (NYSE:BBG)

Canada Pension Plan Investment Board raised its stake in Bill Barrett Co. (NYSE:BBG) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 354,600 shares of the energy company’s stock after buying an additional 27,800 shares during the quarter. Canada Pension Plan Investment Board owned about 0.47% of Bill Barrett worth $1,521,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Phocas Financial Corp. bought a new stake in Bill Barrett during the second quarter worth $171,000. Wasatch Advisors Inc. increased its holdings in shares of Bill Barrett by 15.3% in the second quarter. Wasatch Advisors Inc. now owns 797,863 shares of the energy company’s stock valued at $2,449,000 after purchasing an additional 105,834 shares during the last quarter. National Asset Management Inc. grew its stake in shares of Bill Barrett by 4.9% in the second quarter. National Asset Management Inc. now owns 64,500 shares of the energy company’s stock valued at $199,000 after acquiring an additional 3,000 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Bill Barrett by 10.1% in the second quarter. California State Teachers Retirement System now owns 133,705 shares of the energy company’s stock valued at $410,000 after acquiring an additional 12,300 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Bill Barrett by 64.3% in the second quarter. The Manufacturers Life Insurance Company now owns 67,680 shares of the energy company’s stock valued at $208,000 after acquiring an additional 26,486 shares in the last quarter. 85.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of Bill Barrett Co. (BBG) traded down $0.03 during trading hours on Monday, reaching $5.95. The company’s stock had a trading volume of 1,874,699 shares, compared to its average volume of 1,840,603. Bill Barrett Co. has a fifty-two week low of $2.66 and a fifty-two week high of $8.24. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.30.

Bill Barrett (NYSE:BBG) last released its earnings results on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.12. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The company had revenue of $67.87 million for the quarter, compared to analysts’ expectations of $61.23 million. During the same period in the previous year, the business posted ($0.10) EPS. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. sell-side analysts forecast that Bill Barrett Co. will post -0.49 earnings per share for the current year.

BBG has been the topic of several research reports. ValuEngine downgraded shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Scotiabank reiterated a “buy” rating and set a $10.00 price objective on shares of Bill Barrett in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Tuesday, October 3rd. BMO Capital Markets set a $4.00 target price on shares of Bill Barrett and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Imperial Capital raised shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 target price for the company in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.58.

In related news, CEO R Scot Woodall sold 10,000 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $4.19, for a total value of $41,900.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 30,000 shares of company stock worth $136,500 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

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About Bill Barrett

Bill Barrett Corporation is an independent energy company that develops, acquires and explores for oil and natural gas resources. The Company’s assets and operations are located in the Rocky Mountain region of the United States. It has over two areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.

Institutional Ownership by Quarter for Bill Barrett (NYSE:BBG)

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