Bill Barrett Corporation (BBG) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its position in Bill Barrett Corporation (NYSE:BBG) by 36.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,900 shares of the energy company’s stock after selling 79,000 shares during the period. Canada Pension Plan Investment Board owned 0.18% of Bill Barrett Corporation worth $623,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its position in Bill Barrett Corporation by 260.4% in the first quarter. Wells Fargo & Company MN now owns 127,743 shares of the energy company’s stock worth $581,000 after buying an additional 92,296 shares during the period. Russell Investments Group Ltd. raised its position in Bill Barrett Corporation by 8.9% in the first quarter. Russell Investments Group Ltd. now owns 735,976 shares of the energy company’s stock worth $3,348,000 after buying an additional 60,079 shares during the period. Malaga Cove Capital LLC raised its position in Bill Barrett Corporation by 1.8% in the first quarter. Malaga Cove Capital LLC now owns 143,594 shares of the energy company’s stock worth $646,000 after buying an additional 2,500 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Bill Barrett Corporation by 27.3% in the first quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the energy company’s stock worth $140,000 after buying an additional 6,600 shares in the last quarter. Finally, Empyrean Capital Partners LP bought a new stake in shares of Bill Barrett Corporation during the fourth quarter worth $2,971,000.

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

Bill Barrett Corporation (NYSE:BBG) traded down 0.30% during mid-day trading on Monday, reaching $3.30. 3,279,331 shares of the company traded hands. Bill Barrett Corporation has a 12-month low of $3.12 and a 12-month high of $8.24. The company’s 50 day moving average price is $3.71 and its 200 day moving average price is $5.31. The firm’s market capitalization is $246.52 million.

Bill Barrett Corporation (NYSE:BBG) last issued its quarterly earnings results on Tuesday, May 2nd. The energy company reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. Bill Barrett Corporation had a negative return on equity of 6.56% and a negative net margin of 68.53%. The company had revenue of $50.54 million for the quarter, compared to the consensus estimate of $52.83 million. Equities research analysts predict that Bill Barrett Corporation will post ($0.69) EPS for the current year.

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BBG has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $8.00 target price on shares of Bill Barrett Corporation in a research note on Wednesday, April 12th. KLR Group reaffirmed a “buy” rating and issued a $10.00 target price (up from $9.00) on shares of Bill Barrett Corporation in a research note on Friday, March 3rd. Canaccord Genuity raised shares of Bill Barrett Corporation from a “hold” rating to a “buy” rating and lowered their target price for the company from $8.00 to $7.00 in a research note on Tuesday, March 7th. National Securities decreased their price target on shares of Bill Barrett Corporation from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, February 28th. Finally, Barclays PLC reissued an “equal weight” rating and set a $5.00 price target (down from $6.00) on shares of Bill Barrett Corporation in a research note on Saturday, April 22nd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Bill Barrett Corporation has a consensus rating of “Buy” and a consensus price target of $8.00.

About Bill Barrett Corporation

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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