Dynamic Technology Lab Private Ltd lifted its stake in shares of Berry Petroleum Company LLC (NASDAQ:BRY) by 3.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 30,577 shares of the energy company’s stock after acquiring an additional 1,111 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Berry Petroleum were worth $353,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Keeley Teton Advisors LLC raised its holdings in shares of Berry Petroleum by 0.7% during the 1st quarter. Keeley Teton Advisors LLC now owns 158,696 shares of the energy company’s stock valued at $1,831,000 after buying an additional 1,070 shares during the period. Macquarie Group Ltd. grew its stake in Berry Petroleum by 2.7% during the 4th quarter. Macquarie Group Ltd. now owns 61,797 shares of the energy company’s stock valued at $541,000 after purchasing an additional 1,607 shares in the last quarter. Foundry Partners LLC grew its stake in Berry Petroleum by 15.1% during the 1st quarter. Foundry Partners LLC now owns 14,675 shares of the energy company’s stock valued at $169,000 after purchasing an additional 1,925 shares in the last quarter. Barclays PLC grew its stake in Berry Petroleum by 47.6% during the 4th quarter. Barclays PLC now owns 7,323 shares of the energy company’s stock valued at $64,000 after purchasing an additional 2,361 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Berry Petroleum by 2.6% during the 4th quarter. Northern Trust Corp now owns 196,680 shares of the energy company’s stock valued at $1,721,000 after purchasing an additional 4,951 shares in the last quarter.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Berry Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, May 29th. Capital One Financial upgraded Berry Petroleum from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Finally, ValuEngine lowered Berry Petroleum from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $17.00.
Shares of NASDAQ BRY opened at $10.51 on Friday. Berry Petroleum Company LLC has a fifty-two week low of $7.87 and a fifty-two week high of $18.55. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $860.55 million and a price-to-earnings ratio of 8.28.
Berry Petroleum (NASDAQ:BRY) last issued its earnings results on Wednesday, May 8th. The energy company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $76.54 million during the quarter, compared to analyst estimates of $146.13 million. Berry Petroleum had a return on equity of 13.15% and a net margin of 18.84%. Equities analysts expect that Berry Petroleum Company LLC will post 1.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.48 annualized dividend and a dividend yield of 4.57%. Berry Petroleum’s payout ratio is 38.10%.
In other news, Director Benefit Street Partners Llc sold 5,085,000 shares of Berry Petroleum stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $9.84, for a total value of $50,036,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.59% of the stock is currently owned by company insiders.
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Berry Petroleum 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.
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