Bank of New York Mellon Corp cut its holdings in shares of Bill Barrett Co. (NYSE:BBG) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,960,271 shares of the energy company’s stock after selling 232,605 shares during the quarter. Bank of New York Mellon Corp owned about 2.57% of Bill Barrett worth $8,409,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in Bill Barrett by 129.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock worth $105,000 after buying an additional 19,385 shares during the period. Arizona State Retirement System lifted its position in Bill Barrett by 0.8% during the second quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock worth $122,000 after buying an additional 300 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Bill Barrett by 82.5% during the first quarter. Metropolitan Life Insurance Co. NY now owns 45,734 shares of the energy company’s stock worth $208,000 after acquiring an additional 20,678 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in Bill Barrett during the second quarter worth about $148,000. Finally, Green Square Capital LLC increased its stake in Bill Barrett by 46.7% during the second quarter. Green Square Capital LLC now owns 55,000 shares of the energy company’s stock worth $169,000 after acquiring an additional 17,500 shares during the last quarter. Hedge funds and other institutional investors own 85.72% of the company’s stock.
Shares of Bill Barrett Co. (NYSE:BBG) opened at $5.02 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 $7.70. The stock has a market capitalization of $367.73, a PE ratio of -3.12 and a beta of 3.59.
In other news, CEO R Scot Woodall sold 10,000 shares of the 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 Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 30,000 shares of company stock valued at $152,500. Insiders own 2.70% of the company’s stock.
Several equities research analysts have commented on the company. ValuEngine lowered Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Barclays dropped their price target on 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. KeyCorp restated a “hold” rating on shares of Bill Barrett in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Bill Barrett from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Tuesday, October 3rd. Finally, Imperial Capital assumed coverage on Bill Barrett in a research note on Thursday, September 28th. They set an “in-line” rating and a $5.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.50.
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About Bill Barrett
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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