Bill Barrett Co. (BBG) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of Bill Barrett Co. (NYSE:BBG) by 86.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,153 shares of the energy company’s stock after selling 497,681 shares during the quarter. Jane Street Group LLC owned approximately 0.10% of Bill Barrett worth $331,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in Bill Barrett by 129.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after acquiring an additional 19,385 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Bill Barrett during the 3rd quarter valued at about $120,000. Arizona State Retirement System grew its stake in Bill Barrett by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after acquiring an additional 300 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Bill Barrett during the 2nd quarter valued at about $148,000. Finally, Green Square Capital LLC grew its stake in Bill Barrett by 46.7% during the 2nd quarter. Green Square Capital LLC now owns 55,000 shares of the energy company’s stock valued at $169,000 after acquiring an additional 17,500 shares in the last quarter. 85.72% of the stock is currently owned by institutional investors.

In related news, CEO R Scot Woodall sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $4.64, for a total value of $46,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by insiders.

Bill Barrett Co. (NYSE BBG) traded down $0.03 on Thursday, reaching $5.33. The company had a trading volume of 2,305,508 shares, compared to its average volume of 2,627,126. Bill Barrett Co. has a 12-month low of $2.66 and a 12-month high of $7.58. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.30. The firm has a market cap of $406.59, a price-to-earnings ratio of -3.33 and a beta of 3.59.

Bill Barrett (NYSE:BBG) last posted its earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $61.23 million. During the same period in the previous year, the company earned ($0.10) EPS. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. research analysts expect that Bill Barrett Co. will post -0.43 EPS for the current year.

Several equities analysts have weighed in on the company. ValuEngine cut Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. KeyCorp reissued a “hold” rating on shares of Bill Barrett in a research note on Monday, October 16th. Imperial Capital began coverage on Bill Barrett in a research note on Thursday, September 28th. They issued an “in-line” rating and a $5.00 price target for the company. Seaport Global Securities reissued a “neutral” rating on shares of Bill Barrett in a research note on Tuesday, December 19th. Finally, Stifel Nicolaus set a $7.00 price target on Bill Barrett and gave the company a “buy” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Bill Barrett presently has a consensus rating of “Hold” and an average price target of $6.50.

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Bill Barrett Company 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.

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

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