Berry Corporation $BRY Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its position in Berry Corporation (NASDAQ:BRY) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,310,008 shares of the energy company’s stock after buying an additional 208,183 shares during the quarter. American Century Companies Inc. owned 2.98% of Berry worth $7,415,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BRY. Wells Fargo & Company MN lifted its holdings in Berry by 35.7% in the 4th quarter. Wells Fargo & Company MN now owns 55,073 shares of the energy company’s stock worth $227,000 after buying an additional 14,478 shares in the last quarter. Barclays PLC lifted its holdings in Berry by 36.3% in the 4th quarter. Barclays PLC now owns 272,686 shares of the energy company’s stock worth $1,126,000 after buying an additional 72,566 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in Berry in the 4th quarter worth $299,000. Hsbc Holdings PLC raised its stake in shares of Berry by 35.7% in the 4th quarter. Hsbc Holdings PLC now owns 81,140 shares of the energy company’s stock valued at $333,000 after purchasing an additional 21,359 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Berry by 964.4% in the 4th quarter. Susquehanna International Group LLP now owns 835,592 shares of the energy company’s stock valued at $3,451,000 after purchasing an additional 757,087 shares in the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Price Performance

Shares of NASDAQ:BRY opened at $3.23 on Thursday. 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 fifty-two week low of $2.11 and a fifty-two week high of $6.34. The firm has a 50-day simple moving average of $3.02 and a 200 day simple moving average of $3.04. The company has a market cap of $250.65 million, a PE ratio of 46.14 and a beta of 1.12.

Berry (NASDAQ:BRY) last announced its quarterly earnings data on Wednesday, August 6th. The energy company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.65. Berry had a net margin of 0.60% and a return on equity of 5.27%. The business had revenue of $210.08 million during the quarter, compared to the consensus estimate of $155.00 million. On average, sell-side analysts anticipate that Berry Corporation will post 0.58 EPS for the current year.

Berry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 18th will be given a $0.03 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.12 annualized dividend and a yield of 3.7%. Berry’s dividend payout ratio is 171.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BRY shares. Piper Sandler cut their target price on shares of Berry from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. Johnson Rice upgraded shares of Berry from an “accumulate” rating to a “buy” rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Berry from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.00.

Berry Company 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.