SG Americas Securities LLC Grows Position in Berry Co. (NASDAQ:BRY)

SG Americas Securities LLC grew its position in shares of Berry Co. (NASDAQ:BRY) by 54.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,475 shares of the energy company’s stock after acquiring an additional 14,579 shares during the quarter. SG Americas Securities LLC owned 0.05% of Berry worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC grew its position in Berry by 2,821.9% in the 2nd quarter. Millennium Management LLC now owns 649,607 shares of the energy company’s stock worth $4,196,000 after purchasing an additional 627,375 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Berry in the third quarter valued at approximately $1,333,000. Assenagon Asset Management S.A. purchased a new stake in shares of Berry during the third quarter valued at approximately $990,000. Geode Capital Management LLC lifted its holdings in Berry by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,903,951 shares of the energy company’s stock worth $9,788,000 after acquiring an additional 176,280 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Berry by 48.5% in the third quarter. Victory Capital Management Inc. now owns 386,286 shares of the energy company’s stock worth $1,986,000 after purchasing an additional 126,175 shares during the last quarter. Institutional investors own 94.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Berry Stock Down 1.4 %

Berry stock opened at $4.22 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $324.68 million, a P/E ratio of 3.91 and a beta of 1.62. The firm has a 50 day moving average price of $4.34 and a 200-day moving average price of $5.05. Berry Co. has a twelve month low of $3.72 and a twelve month high of $8.88.

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

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.