State Street Corp lessened its position in shares of Bill Barrett Co. (NYSE:BBG) by 65.6% in the second quarter, according to the company in its most recent Form 13F 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 2.23% of Bill Barrett worth $5,138,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of BBG. Dimensional Fund Advisors LP grew its holdings in Bill Barrett by 149.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,437,462 shares of the energy company’s stock valued at $20,190,000 after purchasing an additional 2,659,443 shares during the period. Divisar Capital Management LLC boosted its stake in shares of Bill Barrett by 105.5% in the second quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock worth $10,832,000 after acquiring an additional 1,811,339 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Bill Barrett by 12.2% in the second quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock worth $16,309,000 after acquiring an additional 579,442 shares during the period. Vanguard Group Inc. boosted its stake in shares of Bill Barrett by 7.8% in the first quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock worth $24,951,000 after acquiring an additional 397,849 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Bill Barrett by 808.9% in the second quarter. Thrivent Financial For Lutherans now owns 396,096 shares of the energy company’s stock worth $1,216,000 after acquiring an additional 352,516 shares during the period. Institutional investors own 85.77% of the company’s stock.
BBG has been the subject of a number of recent analyst reports. ValuEngine lowered Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Scotiabank reissued a “buy” rating and set a $10.00 price target on shares of Bill Barrett in a research note on Wednesday, November 1st. Zacks Investment Research raised Bill Barrett from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Tuesday, October 3rd. BMO Capital Markets set a $4.00 price target on Bill Barrett and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, Imperial Capital raised Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 price target for the company in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.50.
In other news, CEO R Scot Woodall sold 10,000 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.
Shares of Bill Barrett Co. (NYSE:BBG) opened at $4.39 on Thursday. 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 fifty-two week low of $2.66 and a fifty-two week high of $7.70.
Bill Barrett (NYSE:BBG) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share for the quarter, topping the 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 firm had revenue of $67.87 million for the quarter, compared to the consensus estimate of $61.23 million. During the same period in the prior year, the business posted ($0.10) earnings per share. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. research analysts anticipate that Bill Barrett Co. will post -0.48 EPS for the current year.
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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.
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