California Public Employees Retirement System grew its stake in shares of Bill Barrett Co. (NYSE:BBG) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,207,668 shares of the energy company’s stock after buying an additional 28,868 shares during the quarter. California Public Employees Retirement System’s holdings in Bill Barrett were worth $5,181,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Divisar Capital Management LLC lifted its holdings in shares of Bill Barrett by 105.5% during the 2nd quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock valued at $10,832,000 after acquiring an additional 1,811,339 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $19,079,000 after acquiring an additional 1,777,309 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Bill Barrett by 12.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock valued at $16,309,000 after acquiring an additional 579,442 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Bill Barrett by 808.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 396,096 shares of the energy company’s stock valued at $1,216,000 after acquiring an additional 352,516 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Bill Barrett by 27.7% during the 3rd quarter. Boston Partners now owns 1,592,617 shares of the energy company’s stock valued at $6,833,000 after acquiring an additional 345,380 shares in the last quarter. 85.72% of the stock is owned by institutional investors.
In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.70% of the company’s stock.
Bill Barrett Co. (BBG) opened at $5.18 on Monday. Bill Barrett Co. has a 1-year low of $2.66 and a 1-year high of $7.58. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78. The company has a market cap of $395.19, a price-to-earnings ratio of -3.22 and a beta of 3.60.
Bill Barrett (NYSE:BBG) last issued its quarterly earnings data on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. Bill Barrett had a negative net margin of 49.61% and a negative return on equity of 7.59%. The firm had revenue of $67.87 million for the quarter, compared to analyst estimates of $61.23 million. During the same quarter in the previous year, the business posted ($0.10) EPS. The firm’s revenue was up 34.4% compared to the same quarter last year. equities analysts expect that Bill Barrett Co. will post -0.43 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on BBG shares. Scotiabank restated a “buy” rating and set a $10.00 target price on shares of Bill Barrett in a report on Wednesday, November 1st. Stifel Nicolaus set a $7.00 target price on shares of Bill Barrett and gave the company a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Tuesday, October 3rd. Barclays reduced their target price on shares of 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, KeyCorp restated a “hold” rating on shares of Bill Barrett in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.50.
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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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