Hancock Whitney Corp acquired a new stake in Berry Petroleum Company LLC (NASDAQ:BRY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 256,597 shares of the energy company’s stock, valued at approximately $2,420,000.
A number of other hedge funds have also made changes to their positions in BRY. Caymus Capital Partners L.P. bought a new position in Berry Petroleum in the third quarter valued at approximately $11,168,000. Foundry Partners LLC boosted its stake in Berry Petroleum by 1,831.2% in the third quarter. Foundry Partners LLC now owns 381,892 shares of the energy company’s stock valued at $3,575,000 after acquiring an additional 362,117 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Berry Petroleum in the second quarter valued at approximately $2,480,000. State of New Jersey Common Pension Fund D bought a new position in Berry Petroleum in the third quarter valued at approximately $2,056,000. Finally, Russell Investments Group Ltd. boosted its stake in Berry Petroleum by 114.5% in the fourth quarter. Russell Investments Group Ltd. now owns 161,287 shares of the energy company’s stock valued at $1,519,000 after acquiring an additional 86,102 shares during the last quarter. 96.76% of the stock is currently owned by hedge funds and other institutional investors.
In other Berry Petroleum news, Director Benefit Street Partners Llc sold 16,830 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $9.15, for a total value of $153,994.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Arthur T. Smith bought 15,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of $7.15 per share, for a total transaction of $107,250.00. Following the completion of the acquisition, the chief executive officer now owns 218,566 shares of the company’s stock, valued at approximately $1,562,746.90. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 54,403 shares of company stock worth $389,270. Company insiders own 0.59% of the company’s stock.
BRY has been the topic of a number of recent research reports. Wells Fargo & Co reduced their price objective on shares of Berry Petroleum from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Zacks Investment Research raised shares of Berry Petroleum from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research note on Wednesday, January 22nd. Johnson Rice cut shares of Berry Petroleum from a “buy” rating to an “accumulate” rating in a research note on Tuesday, November 19th. 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 note on Wednesday, November 20th. Finally, Evercore ISI initiated coverage on shares of Berry Petroleum in a research note on Wednesday, November 20th. They issued a “hold” rating and a $12.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Berry Petroleum presently has an average rating of “Hold” and an average target price of $10.64.
Berry Petroleum 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.
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