AQR Capital Management LLC Cuts Stake in Bill Barrett Corporation (BBG)

AQR Capital Management LLC cut its stake in Bill Barrett Corporation (NYSE:BBG) by 10.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 609,387 shares of the energy company’s stock after selling 68,136 shares during the period. AQR Capital Management LLC owned approximately 0.82% of Bill Barrett Corporation worth $2,773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BBG. Comerica Bank boosted its position in Bill Barrett Corporation by 30.3% in the fourth quarter. Comerica Bank now owns 79,376 shares of the energy company’s stock valued at $561,000 after buying an additional 18,478 shares during the period. State Street Corp boosted its position in Bill Barrett Corporation by 172.4% in the fourth quarter. State Street Corp now owns 2,999,286 shares of the energy company’s stock valued at $20,963,000 after buying an additional 1,898,325 shares during the period. Dimensional Fund Advisors LP boosted its position in Bill Barrett Corporation by 28.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,778,019 shares of the energy company’s stock valued at $12,429,000 after buying an additional 392,211 shares during the period. New York State Teachers Retirement System boosted its position in Bill Barrett Corporation by 7.1% in the fourth quarter. New York State Teachers Retirement System now owns 86,163 shares of the energy company’s stock valued at $602,000 after buying an additional 5,700 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Bill Barrett Corporation by 21.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 37,580 shares of the energy company’s stock valued at $263,000 after buying an additional 6,640 shares during the period.

Shares of Bill Barrett Corporation (NYSE BBG) traded up 0.69% during midday trading on Friday, hitting $2.90. 1,569,635 shares of the company traded hands. Bill Barrett Corporation has a 12-month low of $2.75 and a 12-month high of $8.24. The stock’s market capitalization is $217.15 million. The stock’s 50-day moving average is $3.20 and its 200 day moving average is $4.06.

Bill Barrett Corporation (NYSE:BBG) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.07. The firm had revenue of $51.07 million during the quarter, compared to analysts’ expectations of $53.57 million. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.13) earnings per share. On average, analysts expect that Bill Barrett Corporation will post ($0.78) earnings per share for the current year.

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BBG has been the subject of several recent analyst reports. Barclays PLC restated an “equal weight” rating and issued a $5.00 target price (down previously from $6.00) on shares of Bill Barrett Corporation in a research report on Saturday, April 22nd. BMO Capital Markets restated a “hold” rating and issued a $5.00 target price on shares of Bill Barrett Corporation in a research report on Wednesday, May 3rd. FBR & Co decreased their target price on shares of Bill Barrett Corporation from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, May 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $8.00 price objective on shares of Bill Barrett Corporation in a report on Friday, May 26th. Finally, Seaport Global Securities cut shares of Bill Barrett Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $6.00 to $1.50 in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.92.

Bill Barrett Corporation 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 Corporation (NYSE:BBG)

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