Bill Barrett Co. (BBG) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in shares of Bill Barrett Co. (NYSE:BBG) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,695 shares of the energy company’s stock after selling 25,329 shares during the quarter. Wells Fargo & Company MN owned about 0.11% of Bill Barrett worth $419,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Sterling Investment Advisors Ltd. increased its position in shares of Bill Barrett by 100.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock valued at $103,000 after purchasing an additional 10,000 shares during the period. Comerica Bank increased its position in shares of Bill Barrett by 24.1% during the fourth quarter. Comerica Bank now owns 99,047 shares of the energy company’s stock valued at $511,000 after purchasing an additional 19,234 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Bill Barrett during the fourth quarter valued at approximately $128,000. California Public Employees Retirement System increased its position in shares of Bill Barrett by 2.4% during the third quarter. California Public Employees Retirement System now owns 1,207,668 shares of the energy company’s stock valued at $5,181,000 after purchasing an additional 28,868 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Bill Barrett during the fourth quarter valued at approximately $160,000. Institutional investors own 88.78% of the company’s stock.

NYSE:BBG traded up $0.02 during trading hours on Friday, reaching $4.84. The company had a trading volume of 2,512,470 shares, compared to its average volume of 2,583,838. Bill Barrett Co. has a one year low of $2.66 and a one year high of $6.93. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.03.

Bill Barrett (NYSE:BBG) last announced its quarterly earnings results on Tuesday, February 27th. The energy company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The firm had revenue of $83.40 million for the quarter, compared to analysts’ expectations of $82.50 million. Bill Barrett had a negative return on equity of 5.27% and a negative net margin of 54.67%. The business’s revenue was up 61.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) earnings per share. sell-side analysts predict that Bill Barrett Co. will post 0.18 EPS for the current year.

A number of research firms have recently issued reports on BBG. ValuEngine cut Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Imperial Capital upgraded Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research report on Monday, February 5th. Zacks Investment Research upgraded Bill Barrett from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research report on Monday, February 5th. Finally, SunTrust Banks initiated coverage on Bill Barrett in a research report on Friday, March 2nd. They set a “buy” rating and a $7.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Bill Barrett currently has a consensus rating of “Hold” and a consensus price target of $6.64.

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.

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

Receive News & Ratings for Bill Barrett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bill Barrett and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply