JPMorgan Chase & Co. cut its stake in Bill Barrett Corp. (NYSE:BBG) by 23.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,761,750 shares of the energy company’s stock after selling 1,492,263 shares during the period. JPMorgan Chase & Co. owned approximately 9.19% of Bill Barrett Corp. worth $30,428,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in BBG. Capital Fund Management S.A. bought a new stake in shares of Bill Barrett Corp. during the second quarter worth about $100,000. Quantbot Technologies LP raised its stake in shares of Bill Barrett Corp. by 908.1% in the second quarter. Quantbot Technologies LP now owns 21,171 shares of the energy company’s stock worth $135,000 after buying an additional 19,071 shares during the period. Monarch Partners Asset Management LLC bought a new stake in shares of Bill Barrett Corp. during the second quarter worth about $138,000. Louisiana State Employees Retirement System raised its stake in shares of Bill Barrett Corp. by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 22,300 shares of the energy company’s stock worth $142,000 after buying an additional 200 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Bill Barrett Corp. by 21.9% in the second quarter. BNP Paribas Arbitrage SA now owns 51,190 shares of the energy company’s stock worth $327,000 after buying an additional 9,197 shares during the period.

Bill Barrett Corp. (NYSE:BBG) traded up 1.889% during mid-day trading on Tuesday, hitting $5.125. The stock had a trading volume of 1,416,239 shares. Bill Barrett Corp. has a one year low of $2.19 and a one year high of $9.38. The company’s market cap is $308.57 million. The firm’s 50-day moving average price is $6.07 and its 200 day moving average price is $6.57.

Bill Barrett Corp. (NYSE:BBG) last announced its earnings results on Thursday, August 4th. The energy company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.08. The business earned $57.28 million during the quarter, compared to the consensus estimate of $55.67 million. Bill Barrett Corp. had a negative return on equity of 3.97% and a negative net margin of 304.34%. The business’s quarterly revenue was down 24.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) EPS. On average, equities research analysts anticipate that Bill Barrett Corp. will post ($0.70) EPS for the current year.

A number of equities research analysts have issued reports on the stock. Canaccord Genuity reaffirmed a “hold” rating on shares of Bill Barrett Corp. in a report on Saturday, June 4th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $7.50 price objective on shares of Bill Barrett Corp. in a report on Friday, June 3rd. Wunderlich cut their price objective on shares of Bill Barrett Corp. from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, June 3rd. Barclays PLC increased their price objective on shares of Bill Barrett Corp. from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, June 6th. Finally, Deutsche Bank AG increased their price objective on shares of Bill Barrett Corp. from $8.00 to $9.00 and gave the company a “hold” rating in a report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.92.

Bill Barrett Corp. 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. The Company develops oil and natural gas in the Rocky Mountain region of the United States.

5 Day Chart for NYSE:BBG

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