Savant Capital LLC Invests $46,000 in Berry Corporation $BRY

Savant Capital LLC purchased a new stake in Berry Corporation (NASDAQ:BRY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,588 shares of the energy company’s stock, valued at approximately $46,000.

Several other large investors have also recently added to or reduced their stakes in BRY. Pinnacle Holdings LLC acquired a new stake in shares of Berry during the first quarter worth $27,000. BridgePort Financial Solutions LLC acquired a new stake in Berry in the 2nd quarter worth about $29,000. PNC Financial Services Group Inc. boosted its holdings in Berry by 130.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,869 shares of the energy company’s stock valued at $38,000 after purchasing an additional 6,722 shares during the period. FORA Capital LLC acquired a new position in shares of Berry during the 1st quarter worth approximately $38,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of Berry during the 1st quarter worth approximately $41,000. Institutional investors own 94.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Johnson Rice downgraded shares of Berry from a “buy” rating to a “hold” rating and set a $4.00 price target for the company. in a research report on Tuesday, September 16th. Zacks Research raised Berry from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Berry in a report on Monday. Finally, Wall Street Zen downgraded Berry from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $4.00.

Berry Stock Up 0.3%

NASDAQ BRY opened at $3.29 on Friday. The business has a fifty day moving average price of $3.57 and a two-hundred day moving average price of $3.17. The stock has a market capitalization of $255.34 million, a PE ratio of -2.79 and a beta of 1.14. Berry Corporation has a fifty-two week low of $2.11 and a fifty-two week high of $5.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.81 and a quick ratio of 0.81.

Berry (NASDAQ:BRY) last posted its quarterly earnings results on Wednesday, November 5th. The energy company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). The business had revenue of $151.14 million for the quarter, compared to analyst estimates of $169.50 million. Berry had a positive return on equity of 2.95% and a negative net margin of 12.42%. Equities analysts expect that Berry Corporation will post 0.58 earnings per share for the current fiscal year.

Berry Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Tuesday, November 18th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, November 18th. Berry’s dividend payout ratio (DPR) is presently -10.17%.

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.