WINTON GROUP Ltd acquired a new stake in shares of Berry Petroleum Company LLC (NASDAQ:BRY) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 28,227 shares of the energy company’s stock, valued at approximately $299,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Great West Life Assurance Co. Can bought a new position in shares of Berry Petroleum during the 4th quarter valued at approximately $63,000. Marshall Wace North America L.P. bought a new position in shares of Berry Petroleum during the 1st quarter valued at approximately $63,000. Barclays PLC boosted its position in shares of Berry Petroleum by 47.6% during the 4th quarter. Barclays PLC now owns 7,323 shares of the energy company’s stock valued at $64,000 after acquiring an additional 2,361 shares during the last quarter. Pearl River Capital LLC boosted its position in shares of Berry Petroleum by 6,082.0% during the 1st quarter. Pearl River Capital LLC now owns 6,182 shares of the energy company’s stock valued at $72,000 after acquiring an additional 6,082 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Berry Petroleum during the 1st quarter valued at approximately $75,000.
BRY traded down $0.05 during trading on Friday, reaching $8.99. The company had a trading volume of 347,809 shares, compared to its average volume of 447,181. The company has a market capitalization of $736.10 million and a PE ratio of 7.13. The business’s 50 day moving average is $10.39. Berry Petroleum Company LLC has a 52 week low of $7.87 and a 52 week high of $18.55. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42.
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were given a $0.12 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.48 dividend on an annualized basis and a yield of 5.34%. Berry Petroleum’s dividend payout ratio is presently 38.10%.
In other Berry Petroleum news, Director Benefit Street Partners Llc sold 5,085,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $9.84, for a total value of $50,036,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.59% of the company’s stock.
A number of research analysts have recently commented on BRY shares. Zacks Investment Research downgraded Berry Petroleum from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Capital One Financial upgraded Berry Petroleum from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, UBS Group set a $14.00 price target on Berry Petroleum and gave the stock a “buy” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $16.67.
Berry Petroleum 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.
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