Berry Co. (NASDAQ:BRY) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Berry Co. (NASDAQ:BRYGet Rating) by 22.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 290,710 shares of the energy company’s stock after purchasing an additional 53,572 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.36% of Berry worth $3,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Berry during the 1st quarter worth about $55,000. Core Alternative Capital purchased a new stake in shares of Berry during the 1st quarter worth about $93,000. ProShare Advisors LLC purchased a new stake in shares of Berry during the 4th quarter worth about $124,000. CastleKnight Management LP purchased a new stake in shares of Berry during the 4th quarter worth about $188,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Berry by 37.5% during the 4th quarter. BNP Paribas Arbitrage SA now owns 24,508 shares of the energy company’s stock worth $206,000 after acquiring an additional 6,690 shares in the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Berry

In other news, major shareholder Benefit Street Partners Llc sold 234,116 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $11.18, for a total transaction of $2,617,416.88. Following the completion of the sale, the insider now owns 8,928,159 shares in the company, valued at approximately $99,816,817.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Oaktree Capital Management Lp sold 191,591 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $11.30, for a total transaction of $2,164,978.30. Following the completion of the sale, the insider now owns 11,622,000 shares in the company, valued at approximately $131,328,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Benefit Street Partners Llc sold 234,116 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $11.18, for a total transaction of $2,617,416.88. Following the sale, the insider now owns 8,928,159 shares of the company’s stock, valued at approximately $99,816,817.62. The disclosure for this sale can be found here. Insiders sold 964,468 shares of company stock worth $10,918,883 in the last 90 days. Insiders own 2.00% of the company’s stock.

Berry Trading Down 7.6 %

Shares of Berry stock opened at $9.08 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $8.39 and its 200 day moving average price is $9.78. Berry Co. has a twelve month low of $5.65 and a twelve month high of $12.85. The firm has a market capitalization of $733.30 million, a PE ratio of 227.06 and a beta of 2.36.

Berry (NASDAQ:BRYGet Rating) last released its earnings results on Wednesday, August 3rd. The energy company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.16). Berry had a return on equity of 17.78% and a net margin of 0.74%. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, sell-side analysts predict that Berry Co. will post 2.56 EPS for the current fiscal year.

Berry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Monday, August 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Friday, August 12th. Berry’s dividend payout ratio (DPR) is 600.15%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their target price on shares of Berry from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, July 22nd.

Berry Company Profile

(Get Rating)

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.

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Institutional Ownership by Quarter for Berry (NASDAQ:BRY)

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