South Dakota Investment Council grew its stake in shares of Berry Co. (NASDAQ:BRY - Free Report) by 66.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,958,864 shares of the energy company's stock after acquiring an additional 781,562 shares during the period. South Dakota Investment Council owned about 2.55% of Berry worth $8,090,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in Berry in the third quarter worth $1,333,000. Assenagon Asset Management S.A. acquired a new position in shares of Berry during the third quarter valued at $990,000. Geode Capital Management LLC grew its position in shares of Berry by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,903,951 shares of the energy company's stock worth $9,788,000 after acquiring an additional 176,280 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Berry by 48.5% in the 3rd quarter. Victory Capital Management Inc. now owns 386,286 shares of the energy company's stock worth $1,986,000 after acquiring an additional 126,175 shares during the period. Finally, Barclays PLC lifted its position in Berry by 155.2% in the 3rd quarter. Barclays PLC now owns 200,120 shares of the energy company's stock valued at $1,029,000 after purchasing an additional 121,693 shares during the last quarter. Institutional investors own 94.88% of the company's stock.
Analysts Set New Price Targets
Separately, Piper Sandler cut their price target on Berry from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Monday, November 18th.
Get Our Latest Stock Report on Berry
Berry Stock Performance
Shares of NASDAQ:BRY traded down $0.02 on Wednesday, hitting $4.14. The company's stock had a trading volume of 764,778 shares, compared to its average volume of 910,145. The company has a market capitalization of $318.53 million, a price-to-earnings ratio of 3.83 and a beta of 1.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. Berry Co. has a 12 month low of $3.72 and a 12 month high of $8.88. The stock's 50-day moving average is $4.38 and its two-hundred day moving average is $4.87.
Berry Profile
(
Free Report)
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.
Further Reading
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