In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bill Barrett Corp (NYSE:BBG) reported that Jvl Advisors, L.l.c. has picked up 5,496,582 of common stock as of 2016-12-14.
The acquisition brings the aggregate amount owned by Jvl Advisors, L.l.c. to a total of 5,496,582 representing a 7.26% stake in the company.
For those not familiar with the company, 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. The Company has over two areas of production, including The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.
A glance at Bill Barrett Corp (NYSE:BBG)’s key stats reveals a current market capitalization of $549.80 million based on 73.70 million shares outstanding and a price at last close of $7.43 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-01-13, Woodall picked up 500 at a purchase price of $9.55. This brings their total holding to 6,736 as of the date of the filing.
On the sell side, the most recent transaction saw Howard unload 12,060 shares at a sale price of $12.64. This brings their total holding to 206,312.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Bill Barrett Corp (NYSE:BBG) as things move forward to see if its progress aligns with these transactions.
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