State Street Corp lowered its position in Bill Barrett Co. (NYSE:BBG) by 65.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,673,554 shares of the energy company’s stock after selling 3,191,479 shares during the quarter. State Street Corp owned about 2.23% of Bill Barrett worth $5,138,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BBG. UBS Asset Management Americas Inc. grew its holdings in Bill Barrett by 79.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock valued at $122,000 after buying an additional 11,900 shares in the last quarter. Vanguard Group Inc. grew its holdings in Bill Barrett by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock valued at $24,951,000 after buying an additional 397,849 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Bill Barrett by 149.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,437,462 shares of the energy company’s stock valued at $20,190,000 after buying an additional 2,659,443 shares in the last quarter. UBS Group AG grew its holdings in Bill Barrett by 50.2% during the 1st quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock valued at $119,000 after buying an additional 8,750 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Bill Barrett by 112.3% during the 1st quarter. Morgan Stanley now owns 564,780 shares of the energy company’s stock valued at $2,569,000 after buying an additional 298,704 shares in the last quarter. 85.79% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the company. ValuEngine raised Bill Barrett from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. Zacks Investment Research raised Bill Barrett from a “sell” rating to a “hold” rating in a report on Monday, August 14th. BMO Capital Markets set a $3.00 target price on Bill Barrett and gave the company a “hold” rating in a report on Saturday, August 12th. BidaskClub lowered Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Bill Barrett in a research report on Tuesday, September 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Bill Barrett has a consensus rating of “Hold” and a consensus price target of $6.58.
In related news, CEO R Scot Woodall sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $6.42, for a total value of $64,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 30,000 shares of company stock valued at $136,500 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.
Shares of Bill Barrett Co. (NYSE:BBG) opened at $5.95 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.78 and a current ratio of 2.78. Bill Barrett Co. has a 12-month low of $2.66 and a 12-month high of $8.24.
Bill Barrett (NYSE:BBG) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.12. The firm had revenue of $67.87 million during the quarter, compared to the consensus estimate of $61.23 million. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.10) EPS. equities analysts predict that Bill Barrett Co. will post -0.49 earnings per share for the current fiscal year.
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Bill Barrett Profile
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.
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