Tejara Capital Ltd Decreases Position in Berry Co. (NASDAQ:BRY)

Tejara Capital Ltd lowered its stake in shares of Berry Co. (NASDAQ:BRY) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 275,886 shares of the energy company’s stock after selling 12,626 shares during the period. Tejara Capital Ltd owned 0.36% of Berry worth $1,139,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Berry during the 4th quarter worth approximately $29,000. McIlrath & Eck LLC purchased a new position in Berry in the 3rd quarter valued at approximately $47,000. Quarry LP grew its stake in Berry by 390.6% in the 3rd quarter. Quarry LP now owns 12,643 shares of the energy company’s stock valued at $65,000 after buying an additional 10,066 shares in the last quarter. EMC Capital Management grew its stake in Berry by 149.7% in the 4th 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 in the last quarter. Finally, Caprock Group LLC purchased a new position in Berry in the 4th quarter valued at approximately $70,000. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Berry Stock Down 1.2 %

Berry stock opened at $3.34 on Tuesday. Berry Co. has a 1-year low of $3.06 and a 1-year high of $8.88. The firm has a market capitalization of $256.98 million, a price-to-earnings ratio of 3.09 and a beta of 1.67. 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 firm has a 50 day simple moving average of $4.27 and a 200 day simple moving average of $4.60.

Berry (NASDAQ:BRY) last announced its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09. Berry had a net margin of 9.40% and a return on equity of 6.50%. The firm had revenue of $167.06 million during the quarter, compared to the consensus estimate of $173.00 million. On average, analysts predict that Berry Co. will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, March 21st. Berry’s payout ratio is 48.00%.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their price objective on shares of Berry from $7.00 to $5.00 and set a “neutral” rating for the company in a research note 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.