Macquarie Group Ltd. Takes Position in Bill Barrett Co. (BBG)

Macquarie Group Ltd. bought a new position in Bill Barrett Co. (NYSE:BBG) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 86,157 shares of the energy company’s stock, valued at approximately $370,000. Macquarie Group Ltd. owned approximately 0.11% of Bill Barrett at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BBG. BNP Paribas Arbitrage SA raised its position in shares of Bill Barrett by 129.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after buying an additional 19,385 shares during the period. Arizona State Retirement System raised its position in shares of Bill Barrett by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after buying an additional 300 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Bill Barrett during the 2nd quarter valued at approximately $148,000. Green Square Capital LLC raised its position in shares of Bill Barrett by 46.7% during the 2nd quarter. Green Square Capital LLC now owns 55,000 shares of the energy company’s stock valued at $169,000 after buying an additional 17,500 shares during the period. Finally, Texas Permanent School Fund raised its position in shares of Bill Barrett by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 55,704 shares of the energy company’s stock valued at $171,000 after buying an additional 882 shares during the period. 85.77% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on BBG. ValuEngine lowered shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. KeyCorp reaffirmed a “hold” rating on shares of Bill Barrett in a research report on Monday, October 16th. Imperial Capital began coverage on shares of Bill Barrett in a research report on Thursday, September 28th. They set an “in-line” rating and a $5.00 price target on the stock. Barclays reduced their price target on shares of Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 12th. Finally, 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Bill Barrett presently has a consensus rating of “Hold” and an average target price of $6.50.

Shares of Bill Barrett Co. (NYSE BBG) opened at $4.51 on Friday. Bill Barrett Co. has a 1-year low of $2.66 and a 1-year high of $7.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78.

Bill Barrett (NYSE:BBG) last posted its earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $61.23 million. During the same quarter last year, the firm earned ($0.10) EPS. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. research analysts forecast that Bill Barrett Co. will post -0.44 EPS for the current fiscal year.

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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $152,500 in the last quarter. 2.70% of the stock is owned by insiders.

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Bill Barrett 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.

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Institutional Ownership by Quarter for Bill Barrett (NYSE:BBG)

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