Walleye Capital LLC Acquires New Shares in Berry Corporation $BRY

Walleye Capital LLC bought a new position in Berry Corporation (NASDAQ:BRY) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 147,920 shares of the energy company’s stock, valued at approximately $475,000. Walleye Capital LLC owned about 0.19% of Berry as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Holdings LLC purchased a new position in Berry in the first quarter worth about $27,000. Cambridge Investment Research Advisors Inc. purchased a new position in Berry in the first quarter worth about $34,000. PNC Financial Services Group Inc. boosted its position in Berry by 130.6% in the first quarter. PNC Financial Services Group Inc. now owns 11,869 shares of the energy company’s stock worth $38,000 after purchasing an additional 6,722 shares during the last quarter. R Squared Ltd boosted its position in Berry by 103.3% in the first quarter. R Squared Ltd now owns 14,050 shares of the energy company’s stock worth $45,000 after purchasing an additional 7,140 shares during the last quarter. Finally, CWM LLC boosted its position in Berry by 51.1% in the first quarter. CWM LLC now owns 16,398 shares of the energy company’s stock worth $53,000 after purchasing an additional 5,547 shares during the last quarter. 94.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen cut Berry from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Piper Sandler decreased their price objective on Berry from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. Finally, Johnson Rice raised Berry from an “accumulate” rating to a “buy” rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.00.

Berry Stock Down 0.3%

NASDAQ BRY opened at $3.33 on Wednesday. The stock’s 50-day moving average price is $3.03 and its 200-day moving average price is $3.01. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.55. Berry Corporation has a 52 week low of $2.11 and a 52 week high of $6.06. The company has a market capitalization of $258.41 million, a P/E ratio of 47.57 and a beta of 1.24.

Berry (NASDAQ:BRY) last issued its earnings results on Wednesday, August 6th. The energy company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.65. The company had revenue of $210.08 million for the quarter, compared to the consensus estimate of $155.00 million. Berry had a return on equity of 5.27% and a net margin of 0.60%. On average, equities research analysts predict that Berry Corporation will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 18th. Berry’s dividend payout ratio (DPR) is 171.43%.

Berry Profile

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.