Barrow Hanley Mewhinney & Strauss LLC raised its position in Bill Barrett Co. (NYSE:BBG) by 1,843.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 180,581 shares of the energy company’s stock after purchasing an additional 171,287 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.24% of Bill Barrett worth $926,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Investment Advisors Ltd. increased its stake in shares of Bill Barrett by 100.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock valued at $103,000 after acquiring an additional 10,000 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Bill Barrett in the 3rd quarter valued at $120,000. Teacher Retirement System of Texas bought a new stake in shares of Bill Barrett in the 4th quarter valued at $128,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Bill Barrett in the 2nd quarter valued at $148,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Bill Barrett in the 4th quarter valued at $160,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.
In other news, CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were 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 is available at this hyperlink. Insiders own 2.70% of the company’s stock.
Shares of Bill Barrett Co. (NYSE BBG) opened at $5.27 on Friday. The company has a market cap of $400.53, a price-to-earnings ratio of -3.27 and a beta of 3.65. 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 one year low of $2.66 and a one year high of $6.93.
BBG has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research note on Monday, February 5th. Scotiabank reiterated a “buy” rating and issued a $10.00 price objective on shares of Bill Barrett in a research note on Wednesday, November 1st. Barclays lowered their price objective on shares of Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 12th. BMO Capital Markets set a $6.00 price target on shares of Bill Barrett and gave the company a “hold” rating in a research note on Tuesday, November 14th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Bill Barrett in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Bill Barrett has a consensus rating of “Hold” and a consensus target price of $6.63.
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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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