16,916 Shares in Berry Co. (NASDAQ:BRY) Purchased by Caprock Group LLC

Caprock Group LLC bought a new stake in shares of Berry Co. (NASDAQ:BRY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,916 shares of the energy company’s stock, valued at approximately $70,000.

Several other institutional investors and hedge funds have also made changes to their positions in BRY. EMC Capital Management increased its holdings in Berry by 149.7% during the fourth quarter. EMC Capital Management now owns 13,780 shares of the energy company’s stock valued at $57,000 after buying an additional 8,261 shares during the period. R Squared Ltd bought a new position in Berry in the fourth quarter worth about $29,000. SG Americas Securities LLC grew its holdings in Berry by 54.2% in the fourth quarter. SG Americas Securities LLC now owns 41,475 shares of the energy company’s stock worth $171,000 after purchasing an additional 14,579 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Berry by 29.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 102,185 shares of the energy company’s stock valued at $422,000 after buying an additional 23,266 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Berry by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 269,502 shares of the energy company’s stock worth $1,385,000 after acquiring an additional 4,686 shares in the last quarter. 94.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler cut their price target on shares of Berry from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 18th.

Berry Price Performance

NASDAQ:BRY opened at $4.22 on Friday. The firm has a market cap of $324.69 million, a price-to-earnings ratio of 3.91 and a beta of 1.62. 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 has a 50 day moving average price of $4.34 and a 200-day moving average price of $5.08. Berry Co. has a 1-year low of $3.72 and a 1-year high of $8.88.

Berry (NASDAQ:BRY) last released its quarterly earnings results on Thursday, November 7th. The energy company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $259.80 million during the quarter, compared to analyst estimates of $186.67 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. Equities research analysts forecast that Berry Co. will post 0.58 EPS for the current year.

Berry Company 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.