MetLife Investment Advisors LLC Buys Shares of 32,028 Bill Barrett Co. (NYSE:BBG)

MetLife Investment Advisors LLC acquired a new stake in shares of Bill Barrett Co. (NYSE:BBG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,028 shares of the energy company’s stock, valued at approximately $164,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Bill Barrett by 16.6% during the fourth quarter. BlackRock Inc. now owns 12,359,488 shares of the energy company’s stock worth $63,406,000 after acquiring an additional 1,761,291 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Bill Barrett during the fourth quarter worth about $53,865,000. Renaissance Technologies LLC increased its position in shares of Bill Barrett by 48.2% during the fourth quarter. Renaissance Technologies LLC now owns 6,266,600 shares of the energy company’s stock worth $32,148,000 after acquiring an additional 2,038,500 shares in the last quarter. Divisar Capital Management LLC increased its position in shares of Bill Barrett by 28.3% during the fourth quarter. Divisar Capital Management LLC now owns 4,056,182 shares of the energy company’s stock worth $20,808,000 after acquiring an additional 893,733 shares in the last quarter. Finally, Boston Partners increased its position in shares of Bill Barrett by 68.7% during the fourth quarter. Boston Partners now owns 2,687,483 shares of the energy company’s stock worth $13,786,000 after acquiring an additional 1,094,866 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Several equities research analysts have recently commented on BBG shares. ValuEngine downgraded shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Bill Barrett from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Imperial Capital raised shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 target price for the company in a research report on Monday, February 5th. Finally, SunTrust Banks started coverage on shares of Bill Barrett in a research report on Friday, March 2nd. They set a “buy” rating and a $7.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.64.

Bill Barrett Co. has a 52-week low of $2.66 and a 52-week high of $6.93. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.47 and a quick ratio of 2.47.

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

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