Catalyst Funds Management Pty Ltd Invests $88,000 in Berry Co. (NASDAQ:BRY)

Catalyst Funds Management Pty Ltd purchased a new position in shares of Berry Co. (NASDAQ:BRY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,400 shares of the energy company’s stock, valued at approximately $88,000.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp increased its holdings in Berry by 0.8% in the third quarter. State Street Corp now owns 3,001,229 shares of the energy company’s stock valued at $15,426,000 after purchasing an additional 25,108 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Berry by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,729,339 shares of the energy company’s stock valued at $11,682,000 after purchasing an additional 35,728 shares during the period. South Dakota Investment Council increased its holdings in Berry by 66.4% in the fourth quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company’s stock valued at $8,090,000 after purchasing an additional 781,562 shares during the period. Geode Capital Management LLC increased its holdings in Berry by 10.2% in the third quarter. Geode Capital Management LLC now owns 1,903,951 shares of the energy company’s stock valued at $9,788,000 after purchasing an additional 176,280 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Berry by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,452,032 shares of the energy company’s stock valued at $7,463,000 after purchasing an additional 91,254 shares during the period. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Berry Stock Performance

Shares of Berry stock opened at $3.38 on Monday. 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 business has a 50-day moving average price of $4.29 and a two-hundred day moving average price of $4.62. Berry Co. has a 1-year low of $3.06 and a 1-year high of $8.88. The company has a market cap of $260.05 million, a P/E ratio of 3.13 and a beta of 1.67.

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

Berry Announces Dividend

The firm 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 dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a yield of 3.55%. Berry’s payout ratio is currently 11.11%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price objective on Berry from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, November 18th.

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.