EP Wealth Advisors LLC Has $88,000 Stake in Berry Corporation $BRY

EP Wealth Advisors LLC lifted its position in Berry Corporation (NASDAQ:BRY) by 50.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,292 shares of the energy company’s stock after buying an additional 9,154 shares during the quarter. EP Wealth Advisors LLC’s holdings in Berry were worth $88,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pinnacle Holdings LLC bought a new stake in shares of Berry in the 1st quarter valued at approximately $27,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Berry in the 1st quarter valued at approximately $34,000. PNC Financial Services Group Inc. grew its stake in shares of Berry by 130.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,869 shares of the energy company’s stock valued at $38,000 after buying an additional 6,722 shares in the last quarter. FORA Capital LLC bought a new stake in shares of Berry in the 1st quarter valued at approximately $38,000. Finally, R Squared Ltd grew its stake in shares of Berry by 103.3% in the 1st quarter. R Squared Ltd now owns 14,050 shares of the energy company’s stock valued at $45,000 after buying an additional 7,140 shares in the last quarter. Institutional investors own 94.88% of the company’s stock.

Berry Stock Performance

Shares of NASDAQ BRY opened at $3.24 on Thursday. The business has a fifty day simple moving average of $3.07 and a 200 day simple moving average of $2.97. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $251.42 million, a price-to-earnings ratio of 46.29 and a beta of 1.24. Berry Corporation has a one year low of $2.11 and a one year high of $5.90.

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

Berry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, August 18th. Berry’s dividend payout ratio is currently 171.43%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Piper Sandler lowered their price target on Berry from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Wall Street Zen cut Berry from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Johnson Rice raised Berry from an “accumulate” rating to a “buy” rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

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.