Principal Financial Group Inc. Sells 16,669 Shares of Berry Co. (NASDAQ:BRY)

Principal Financial Group Inc. trimmed its position in shares of Berry Co. (NASDAQ:BRY) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 213,809 shares of the energy company’s stock after selling 16,669 shares during the period. Principal Financial Group Inc. owned about 0.28% of Berry worth $883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Berry in the 4th quarter worth approximately $29,000. McIlrath & Eck LLC bought a new stake in Berry in the third quarter worth $47,000. Quarry LP lifted its stake in Berry by 390.6% in the third quarter. Quarry LP now owns 12,643 shares of the energy company’s stock worth $65,000 after purchasing an additional 10,066 shares during the last quarter. EMC Capital Management boosted its position 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. Finally, Caprock Group LLC bought a new position in shares of Berry during the fourth quarter valued at about $70,000. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Berry Trading Down 1.1 %

NASDAQ:BRY opened at $3.45 on Friday. The firm has a market capitalization of $265.44 million, a P/E ratio of 3.19 and a beta of 1.62. 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 fifty day moving average of $4.37 and a 200 day moving average of $4.76. Berry Co. has a 52 week low of $3.36 and a 52 week high of $8.88.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their target price on Berry from $7.00 to $5.00 and set a “neutral” rating for the company in a 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.