EMC Capital Management Has $57,000 Stake in Berry Co. (NASDAQ:BRY)

EMC Capital Management grew its position in Berry Co. (NASDAQ:BRY) by 149.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,780 shares of the energy company’s stock after buying an additional 8,261 shares during the period. EMC Capital Management’s holdings in Berry were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Millennium Management LLC increased its position in Berry by 2,821.9% during the second quarter. Millennium Management LLC now owns 649,607 shares of the energy company’s stock worth $4,196,000 after acquiring an additional 627,375 shares during the period. GSA Capital Partners LLP bought a new position in Berry during the 3rd quarter worth $1,333,000. Assenagon Asset Management S.A. bought a new stake in shares of Berry during the 3rd quarter valued at $990,000. Geode Capital Management LLC lifted its position in Berry by 10.2% during 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 period. Finally, Victory Capital Management Inc. increased its holdings in Berry by 48.5% in the 3rd quarter. Victory Capital Management Inc. now owns 386,286 shares of the energy company’s stock valued at $1,986,000 after buying an additional 126,175 shares during the period. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price objective on shares of Berry from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th.

Berry Stock Down 4.2 %

Shares of NASDAQ:BRY opened at $4.36 on Friday. The company has a market capitalization of $335.46 million, a PE ratio of 4.04 and a beta of 1.64. The company has a fifty day moving average of $4.31 and a 200-day moving average of $5.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. Berry Co. has a 52-week low of $3.72 and a 52-week high of $8.88.

Berry (NASDAQ:BRY) last released its quarterly earnings data on Thursday, November 7th. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Berry had a return on equity of 6.50% and a net margin of 9.40%. The company had revenue of $259.80 million for the quarter, compared to the consensus estimate of $186.67 million. During the same period last year, the company earned $0.15 EPS. Berry’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, equities analysts predict that Berry Co. will post 0.6 EPS for the current fiscal year.

Berry 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.