Berry Petroleum Company LLC (NASDAQ:BRY) shares traded up 7.3% during mid-day trading on Wednesday . The company traded as high as $8.22 and last traded at $8.13, 1,034,282 shares changed hands during trading. An increase of 25% from the average session volume of 827,253 shares. The stock had previously closed at $7.57.
BRY has been the topic of several recent analyst reports. Tudor Pickering cut shares of Berry Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research report on Wednesday, November 20th. BMO Capital Markets lowered shares of Berry Petroleum from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $13.00 to $10.00 in a research report on Wednesday, November 27th. Zacks Investment Research cut shares of Berry Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Wells Fargo & Co reiterated a “hold” rating on shares of Berry Petroleum in a report on Friday. Finally, Johnson Rice downgraded shares of Berry Petroleum from a “buy” rating to an “accumulate” rating in a report on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $10.81.
The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a fifty day simple moving average of $9.38 and a two-hundred day simple moving average of $9.69. The firm has a market cap of $645.55 million, a PE ratio of 6.75, a PEG ratio of 0.39 and a beta of 2.32.
The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, December 12th. Berry Petroleum’s dividend payout ratio (DPR) is presently 38.10%.
In related news, CEO Arthur T. Smith acquired 15,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of $7.15 per share, with a total value of $107,250.00. Following the purchase, the chief executive officer now directly owns 218,566 shares of the company’s stock, valued at $1,562,746.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anne L. Mariucci acquired 13,403 shares of the stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $7.47 per share, with a total value of $100,120.41. Following the completion of the purchase, the director now directly owns 19,772 shares in the company, valued at $147,696.84. The disclosure for this purchase can be found here. Insiders purchased 54,403 shares of company stock worth $389,270 in the last 90 days. 0.59% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRY. First Trust Advisors LP raised its holdings in Berry Petroleum by 2.1% during the 3rd quarter. First Trust Advisors LP now owns 110,060 shares of the energy company’s stock valued at $1,030,000 after buying an additional 2,272 shares during the period. Macquarie Group Ltd. increased its position in Berry Petroleum by 3.7% during the second quarter. Macquarie Group Ltd. now owns 68,461 shares of the energy company’s stock valued at $726,000 after acquiring an additional 2,446 shares during the last quarter. Swiss National Bank increased its position in Berry Petroleum by 2.4% during the second quarter. Swiss National Bank now owns 121,900 shares of the energy company’s stock valued at $1,292,000 after acquiring an additional 2,800 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Berry Petroleum by 20.3% in the second quarter. AQR Capital Management LLC now owns 20,091 shares of the energy company’s stock valued at $213,000 after acquiring an additional 3,396 shares during the period. Finally, Wealthsource Partners LLC raised its stake in shares of Berry Petroleum by 24.6% in the third quarter. Wealthsource Partners LLC now owns 23,545 shares of the energy company’s stock valued at $220,000 after acquiring an additional 4,650 shares during the period. 98.02% of the stock is currently owned by hedge funds and other institutional investors.
Berry Petroleum Company Profile (NASDAQ:BRY)
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.
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