American Century Companies Inc. Has $10.75 Million Stock Position in Berry Co. (NASDAQ:BRY)

American Century Companies Inc. grew its stake in shares of Berry Co. (NASDAQ:BRY) by 23.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,664,292 shares of the energy company’s stock after purchasing an additional 318,223 shares during the period. American Century Companies Inc. owned approximately 2.16% of Berry worth $10,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Berry by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,537,851 shares of the energy company’s stock worth $31,902,000 after acquiring an additional 284,757 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Berry by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 4,359,786 shares of the energy company’s stock worth $35,096,000 after acquiring an additional 77,487 shares during the last quarter. LSV Asset Management raised its holdings in shares of Berry by 11.0% in the 2nd quarter. LSV Asset Management now owns 1,696,400 shares of the energy company’s stock worth $10,959,000 after acquiring an additional 167,537 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Berry by 36.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,323,216 shares of the energy company’s stock worth $10,652,000 after acquiring an additional 356,525 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Berry by 11.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,207,323 shares of the energy company’s stock worth $8,487,000 after acquiring an additional 121,769 shares during the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Fernando Araujo sold 33,950 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $6.22, for a total transaction of $211,169.00. Following the completion of the transaction, the chief executive officer now directly owns 253,045 shares of the company’s stock, valued at approximately $1,573,939.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Piper Sandler lowered their target price on shares of Berry from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th.

Berry Trading Down 2.0 %

Shares of BRY stock opened at $5.41 on Monday. Berry Co. has a 52-week low of $5.09 and a 52-week high of $8.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.62 and a current ratio of 0.62. The company has a 50-day simple moving average of $6.15 and a two-hundred day simple moving average of $6.93. The company has a market capitalization of $416.24 million, a price-to-earnings ratio of 541.00 and a beta of 1.73.

Berry (NASDAQ:BRY) last issued its quarterly earnings data on Friday, August 9th. The energy company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Berry had a positive return on equity of 6.69% and a negative net margin of 4.19%. The firm had revenue of $197.80 million during the quarter, compared to the consensus estimate of $187.38 million. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. Research analysts anticipate that Berry Co. will post 0.61 EPS for the current fiscal year.

Berry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date was Friday, August 23rd. Berry’s payout ratio is 4,800.00%.

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.