Monashee Investment Management LLC bought a new position in shares of Bill Barrett Co. (NYSE:BBG) during the 4th quarter, HoldingsChannel reports. The fund bought 370,000 shares of the energy company’s stock, valued at approximately $1,898,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BBG. Dimensional Fund Advisors LP grew its holdings in shares of Bill Barrett by 40.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,214,771 shares of the energy company’s stock worth $19,079,000 after purchasing an additional 1,777,309 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Bill Barrett by 16.6% during the 4th quarter. BlackRock Inc. now owns 12,359,488 shares of the energy company’s stock worth $63,406,000 after purchasing an additional 1,761,291 shares in the last quarter. Boston Partners grew its holdings in shares of Bill Barrett by 68.7% during the 4th quarter. Boston Partners now owns 2,687,483 shares of the energy company’s stock worth $13,786,000 after purchasing an additional 1,094,866 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Bill Barrett during the 4th quarter worth $2,587,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Bill Barrett during the 4th quarter worth $2,038,000. 98.22% of the stock is currently owned by institutional investors.
Several research firms have recently issued reports on BBG. Zacks Investment Research lowered Bill Barrett from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine lowered Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Imperial Capital raised Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 target price on the stock in a report on Thursday, November 2nd. Barclays reduced their target price on Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Bill Barrett in a report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.63.
Shares of Bill Barrett Co. (NYSE BBG) opened at $5.33 on Wednesday. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.30. Bill Barrett Co. has a 12 month low of $2.66 and a 12 month high of $6.93.
In related news, CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction dated 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 SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.
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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.
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