SG Americas Securities LLC Buys 14,579 Shares of Berry Co. (NASDAQ:BRY)

SG Americas Securities LLC boosted its stake in Berry Co. (NASDAQ:BRY) by 54.2% in the 4th quarter, Holdings Channel reports. The firm owned 41,475 shares of the energy company’s stock after acquiring an additional 14,579 shares during the quarter. SG Americas Securities LLC’s holdings in Berry were worth $171,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wedge Capital Management L L P NC raised its position in shares of 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 worth $422,000 after buying an additional 23,266 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Berry by 1.8% in the 3rd 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 during the last quarter. Barclays PLC boosted its position in shares of Berry by 155.2% during the 3rd quarter. Barclays PLC now owns 200,120 shares of the energy company’s stock valued at $1,029,000 after acquiring an additional 121,693 shares during the last quarter. McIlrath & Eck LLC purchased a new position in shares of Berry during the third quarter worth about $47,000. Finally, Geode Capital Management LLC increased its position in shares of Berry by 10.2% in the third quarter. Geode Capital Management LLC now owns 1,903,951 shares of the energy company’s stock worth $9,788,000 after purchasing an additional 176,280 shares during the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Berry Price Performance

BRY opened at $4.22 on Monday. 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 stock has a market capitalization of $324.68 million, a P/E ratio of 3.91 and a beta of 1.62. The stock has a 50-day moving average price of $4.34 and a 200-day moving average price of $5.05. Berry Co. has a 12-month low of $3.72 and a 12-month high of $8.88.

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

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased 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.

About Berry

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.