Berry Co. (NASDAQ:BRY) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Berry Co. (NASDAQ:BRY) by 8.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 306,951 shares of the energy company’s stock after purchasing an additional 22,709 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.40% of Berry worth $1,578,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BRY. Federated Hermes Inc. purchased a new stake in shares of Berry during the 2nd quarter worth $25,000. CWM LLC lifted its holdings in Berry by 287.4% during the 2nd quarter. CWM LLC now owns 4,560 shares of the energy company’s stock worth $29,000 after buying an additional 3,383 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Berry by 43.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 7,212 shares of the energy company’s stock worth $47,000 after buying an additional 2,186 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Berry during the 2nd quarter worth about $50,000. Finally, FMR LLC increased its holdings in shares of Berry by 40.9% in the 3rd quarter. FMR LLC now owns 17,606 shares of the energy company’s stock valued at $90,000 after acquiring an additional 5,115 shares during the last quarter. 94.88% of the stock is owned by institutional investors and hedge funds.

Berry Price Performance

Shares of NASDAQ:BRY opened at $4.10 on Tuesday. Berry Co. has a 12 month low of $3.87 and a 12 month high of $8.88. The firm has a market capitalization of $315.45 million, a P/E ratio of 3.77 and a beta of 1.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80. The company’s fifty day moving average price is $4.70 and its 200 day moving average price is $5.63.

Berry (NASDAQ:BRY) last posted its earnings results on Thursday, November 7th. The energy company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Berry had a return on equity of 6.50% and a net margin of 9.40%. The firm had revenue of $259.80 million for the quarter, compared to analyst estimates of $186.67 million. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. As a group, sell-side analysts predict that Berry Co. will post 0.6 earnings per share for the current fiscal year.

Berry Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, November 15th. Berry’s dividend payout ratio is currently 11.11%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their target price on Berry from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Monday, November 18th.

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.