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

American Century Companies Inc. grew its stake in Berry Corporation (NASDAQ:BRY) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,466,851 shares of the energy company’s stock after acquiring an additional 156,843 shares during the quarter. American Century Companies Inc. owned about 3.18% of Berry worth $6,833,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BRY. Charles Schwab Investment Management Inc. raised its position in Berry by 22.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,543,544 shares of the energy company’s stock valued at $4,955,000 after purchasing an additional 283,940 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Berry by 10,449.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 152,651 shares of the energy company’s stock worth $423,000 after purchasing an additional 151,204 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Berry by 119.5% in the first quarter. Russell Investments Group Ltd. now owns 267,449 shares of the energy company’s stock valued at $859,000 after purchasing an additional 145,582 shares during the period. Acadian Asset Management LLC increased its stake in shares of Berry by 82.8% during the first quarter. Acadian Asset Management LLC now owns 1,164,123 shares of the energy company’s stock worth $3,731,000 after acquiring an additional 527,463 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Berry in the 1st quarter valued at approximately $724,000. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Stock Down 0.3%

BRY stock opened at $3.43 on Friday. Berry Corporation has a fifty-two week low of $2.11 and a fifty-two week high of $5.09. The stock has a market cap of $266.20 million, a PE ratio of -2.91 and a beta of 0.85. The firm’s 50-day simple moving average is $3.45 and its 200 day simple moving average is $3.21. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.55.

Berry (NASDAQ:BRY) last announced its earnings results on Wednesday, November 5th. The energy company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). The business had revenue of $151.14 million for the quarter, compared to the consensus estimate of $169.50 million. Berry had a negative net margin of 12.42% and a positive return on equity of 2.95%. As a group, sell-side analysts predict that Berry Corporation will post 0.58 EPS for the current year.

Berry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Tuesday, November 18th were issued a $0.03 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $0.12 annualized dividend and a dividend yield of 3.5%. Berry’s dividend payout ratio is -10.17%.

Analyst Ratings Changes

BRY has been the topic of several recent analyst reports. Johnson Rice lowered shares of Berry from a “buy” rating to a “hold” rating and set a $4.00 target price on the stock. in a research report on Tuesday, September 16th. Weiss Ratings restated a “sell (d)” rating on shares of Berry in a report on Monday, December 1st. Zacks Research raised shares of Berry from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Wall Street Zen lowered Berry from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price 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.