ClearAlpha Technologies LP Has $285,000 Position in Berry Co. (NASDAQ:BRY)

ClearAlpha Technologies LP boosted its position in Berry Co. (NASDAQ:BRY) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,516 shares of the energy company’s stock after buying an additional 3,998 shares during the quarter. ClearAlpha Technologies LP’s holdings in Berry were worth $285,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BRY. Arizona State Retirement System lifted its position in Berry by 9.3% during the 2nd quarter. Arizona State Retirement System now owns 20,462 shares of the energy company’s stock worth $132,000 after buying an additional 1,747 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Berry by 43.5% during the second quarter. Meeder Asset Management Inc. now owns 7,212 shares of the energy company’s stock worth $47,000 after acquiring an additional 2,186 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in Berry by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 103,413 shares of the energy company’s stock valued at $668,000 after purchasing an additional 2,216 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Berry by 16.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,664 shares of the energy company’s stock valued at $175,000 after purchasing an additional 2,999 shares in the last quarter. Finally, Diversified Trust Co increased its position in shares of Berry by 14.4% during the 2nd quarter. Diversified Trust Co now owns 24,615 shares of the energy company’s stock worth $159,000 after purchasing an additional 3,101 shares during the last quarter. Institutional investors own 94.88% of the company’s stock.

Analyst Ratings Changes

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

Berry Stock Performance

Shares of BRY opened at $4.12 on Tuesday. The company has a market cap of $316.99 million, a PE ratio of 3.81 and a beta of 1.72. The firm has a 50-day moving average of $4.88 and a 200-day moving average of $5.81. Berry Co. has a one year low of $3.88 and a one year high of $8.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80.

Berry (NASDAQ:BRY) last posted 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 return on equity of 6.50% and a net margin of 9.40%. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. As a group, equities analysts forecast that Berry Co. will post 0.6 earnings per share for the current year.

Berry Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Friday, November 15th. Berry’s dividend payout ratio (DPR) is presently 11.11%.

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.