Allspring Global Investments Holdings LLC Acquires 35,728 Shares of Berry Co. (NASDAQ:BRY)

Allspring Global Investments Holdings LLC grew its holdings in Berry Co. (NASDAQ:BRY) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,729,339 shares of the energy company’s stock after purchasing an additional 35,728 shares during the period. Allspring Global Investments Holdings LLC owned approximately 3.55% of Berry worth $11,682,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. ClearAlpha Technologies LP raised its holdings in Berry by 7.8% in the 3rd quarter. ClearAlpha Technologies LP now owns 55,516 shares of the energy company’s stock valued at $285,000 after buying an additional 3,998 shares during the last quarter. Koss Olinger Consulting LLC increased its position in Berry by 6.7% in the 3rd quarter. Koss Olinger Consulting LLC now owns 72,660 shares of the energy company’s stock valued at $373,000 after acquiring an additional 4,533 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Berry by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 269,502 shares of the energy company’s stock worth $1,385,000 after purchasing an additional 4,686 shares during the period. FMR LLC lifted its holdings in shares of Berry by 40.9% during the third quarter. FMR LLC now owns 17,606 shares of the energy company’s stock worth $90,000 after purchasing an additional 5,115 shares during the period. Finally, R Squared Ltd acquired a new stake in Berry in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Stock Up 1.9 %

Berry stock opened at $4.35 on Tuesday. Berry Co. has a 1-year low of $3.72 and a 1-year high of $8.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $4.37 and its two-hundred day moving average price is $4.94. The firm has a market capitalization of $334.69 million, a price-to-earnings ratio of 4.03 and a beta of 1.62.

Analysts Set New Price Targets

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

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.