10,687 Shares in Berry Corporation (NASDAQ:BRY) Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. purchased a new stake in Berry Corporation (NASDAQ:BRY) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,687 shares of the energy company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BRY. Victory Capital Management Inc. raised its holdings in shares of Berry by 38.3% in the 4th quarter. Victory Capital Management Inc. now owns 534,043 shares of the energy company’s stock valued at $2,206,000 after acquiring an additional 147,757 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Berry by 1,012.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 478,815 shares of the energy company’s stock valued at $1,978,000 after acquiring an additional 435,758 shares in the last quarter. Royce & Associates LP purchased a new position in shares of Berry during the 4th quarter valued at about $154,000. Thrivent Financial for Lutherans purchased a new position in shares of Berry during the 4th quarter valued at about $730,000. Finally, Intech Investment Management LLC raised its holdings in shares of Berry by 45.1% during the 4th quarter. Intech Investment Management LLC now owns 35,465 shares of the energy company’s stock valued at $146,000 after buying an additional 11,027 shares in the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Berry Stock Performance

Shares of NASDAQ BRY opened at $3.03 on Wednesday. The stock has a market cap of $235.13 million, a price-to-earnings ratio of -6.45 and a beta of 1.09. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.59. Berry Corporation has a 1-year low of $2.11 and a 1-year high of $7.02. The stock’s 50-day moving average is $2.86 and its 200 day moving average is $3.37.

Berry (NASDAQ:BRY) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Berry had a positive return on equity of 7.36% and a negative net margin of 4.51%. The business had revenue of $182.65 million for the quarter, compared to analyst estimates of $177.00 million. On average, sell-side analysts anticipate that Berry Corporation will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 19th were given a $0.03 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.96%. Berry’s dividend payout ratio is currently -25.53%.

Analyst Ratings Changes

Separately, Johnson Rice raised Berry from an “accumulate” rating to a “buy” rating in a report on Wednesday, May 21st.

About Berry

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.