Berry Co. (NASDAQ:BRY) Stake Lessened by Tudor Investment Corp Et Al

Posted by on Mar 7th, 2023

Tudor Investment Corp Et Al trimmed its holdings in shares of Berry Co. (NASDAQ:BRY – Get Rating) by 65.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,276 shares of the energy company’s stock after selling 127,706 shares during the period. Tudor Investment Corp Et Al owned about 0.09% of Berry worth $505,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BRY. Point72 Hong Kong Ltd bought a new stake in Berry during the first quarter worth approximately $31,000. Great West Life Assurance Co. Can purchased a new position in Berry during the 3rd quarter worth approximately $33,000. Captrust Financial Advisors grew its position in Berry by 78.2% during the 1st quarter. Captrust Financial Advisors now owns 4,857 shares of the energy company’s stock worth $50,000 after purchasing an additional 2,131 shares in the last quarter. Barclays PLC grew its position in Berry by 122.7% during the 3rd quarter. Barclays PLC now owns 8,961 shares of the energy company’s stock worth $67,000 after purchasing an additional 4,938 shares in the last quarter. Finally, Core Alternative Capital boosted its stake in shares of Berry by 29.2% during the 3rd quarter. Core Alternative Capital now owns 11,684 shares of the energy company’s stock valued at $88,000 after buying an additional 2,640 shares during the period. 97.69% of the stock is currently owned by institutional investors.

Berry Trading Down 1.7 %

Shares of NASDAQ:BRY opened at $9.55 on Tuesday. The firm has a fifty day moving average of $8.88 and a two-hundred day moving average of $8.72. The firm has a market capitalization of $733.13 million, a P/E ratio of 3.13 and a beta of 2.22. Berry Co. has a 12-month low of $6.78 and a 12-month high of $12.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Berry (NASDAQ:BRY – Get Rating) last issued its earnings results on Wednesday, February 22nd. The energy company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.71. The company had revenue of $194.70 million during the quarter, compared to analyst estimates of $187.93 million. Berry had a net margin of 27.24% and a return on equity of 30.69%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. On average, equities analysts expect that Berry Co. will post 1.37 EPS for the current fiscal year.

Berry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 20.94%. This is a positive change from Berry’s previous quarterly dividend of $0.06. Berry’s dividend payout ratio (DPR) is 7.87%.

Insider Activity at Berry

In other Berry news, Director Rajath Shourie acquired 20,000 shares of Berry stock in a transaction that occurred on Tuesday, December 13th. The stock was acquired at an average price of $7.82 per share, with a total value of $156,400.00. Following the purchase, the director now owns 20,000 shares in the company, valued at $156,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

Berry Company Profile

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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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