Victory Capital Management Inc. Reduces Stake in Bill Barrett Corporation (BBG)
Victory Capital Management Inc. trimmed its position in Bill Barrett Corporation (NYSE:BBG) by 9.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 146,455 shares of the energy company’s stock after selling 15,890 shares during the period. Victory Capital Management Inc. owned 0.20% of Bill Barrett worth $628,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Bill Barrett by 40.1% in 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 during the last quarter. Vanguard Group Inc. lifted its stake in shares of Bill Barrett by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock valued at $24,951,000 after acquiring an additional 397,849 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Bill Barrett by 12.2% in 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 during the last quarter. State Street Corp lifted its stake in shares of Bill Barrett by 62.2% in the 1st quarter. State Street Corp now owns 4,865,033 shares of the energy company’s stock valued at $22,136,000 after acquiring an additional 1,865,747 shares during the last quarter. Finally, Divisar Capital Management LLC lifted its stake in shares of Bill Barrett by 105.5% in 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 during the last quarter. Institutional investors own 88.08% of the company’s stock.
Shares of Bill Barrett Corporation (BBG) opened at $5.87 on Friday. 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 Corporation has a 1-year low of $2.66 and a 1-year high of $8.24.
Bill Barrett (NYSE:BBG) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.12. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The firm had revenue of $67.87 million during the quarter, compared to the consensus estimate of $61.23 million. During the same period last year, the business posted ($0.10) EPS. The business’s revenue was up 34.4% compared to the same quarter last year. analysts anticipate that Bill Barrett Corporation will post -0.49 earnings per share for the current fiscal year.
Several research analysts recently issued reports on BBG shares. ValuEngine lowered Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Scotiabank reaffirmed a “buy” rating and set a $10.00 target price on shares of Bill Barrett in a research report on Wednesday, November 1st. Imperial Capital raised Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 target price for the company in a research report on Thursday, November 2nd. KeyCorp reaffirmed a “hold” rating on shares of Bill Barrett in a research report on Monday, October 16th. Finally, BMO Capital Markets set a $6.00 target price on Bill Barrett and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.58.
In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $4.19, for a total transaction of $41,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $136,500. Company insiders own 2.70% of the company’s stock.
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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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