Invesco Ltd. Has $933,000 Stake in Berry Corporation $BRY

Invesco Ltd. reduced its holdings in shares of Berry Corporation (NASDAQ:BRY) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 290,517 shares of the energy company’s stock after selling 15,614 shares during the period. Invesco Ltd. owned 0.37% of Berry worth $933,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Berry by 12.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 540,652 shares of the energy company’s stock worth $1,735,000 after acquiring an additional 61,837 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Berry by 22.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,543,544 shares of the energy company’s stock worth $4,955,000 after acquiring an additional 283,940 shares during the period. Vanguard Group Inc. grew its holdings in Berry by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 6,699,963 shares of the energy company’s stock worth $21,507,000 after acquiring an additional 719,845 shares during the period. R Squared Ltd grew its holdings in Berry by 103.3% during the 1st quarter. R Squared Ltd now owns 14,050 shares of the energy company’s stock worth $45,000 after acquiring an additional 7,140 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Berry by 130.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,869 shares of the energy company’s stock worth $38,000 after acquiring an additional 6,722 shares during the period. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Berry Price Performance

Shares of NASDAQ BRY opened at $3.33 on Wednesday. Berry Corporation has a fifty-two week low of $2.11 and a fifty-two week high of $6.06. The stock has a market cap of $258.41 million, a price-to-earnings ratio of 47.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.83 and a current ratio of 0.83. The firm’s 50-day simple moving average is $3.03 and its 200 day simple moving average is $3.01.

Berry (NASDAQ:BRY) last announced its quarterly earnings results on Wednesday, August 6th. The energy company reported $0.66 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $155.00 million. As a group, research analysts anticipate that Berry Corporation will post 0.58 earnings per share for the current fiscal year.

Berry Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.12 annualized dividend and a dividend yield of 3.6%. Berry’s dividend payout ratio (DPR) is currently 171.43%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Johnson Rice upgraded Berry from an “accumulate” rating to a “buy” rating in a report on Wednesday, May 21st. Piper Sandler decreased their price target on Berry from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Finally, Wall Street Zen downgraded Berry from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $4.00.

Berry 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.