Berry Co. (NASDAQ:BRY) CEO Sells $211,169.00 in Stock

Berry Co. (NASDAQ:BRY) CEO Fernando Araujo sold 33,950 shares of Berry stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $6.22, for a total value of $211,169.00. Following the completion of the transaction, the chief executive officer now directly owns 253,045 shares in the company, valued at $1,573,939.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Berry Trading Up 0.2 %

BRY traded up $0.01 during trading on Monday, reaching $6.24. 794,486 shares of the stock traded hands, compared to its average volume of 1,013,206. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average is $6.44 and its 200 day moving average is $7.10. Berry Co. has a 12 month low of $5.63 and a 12 month high of $8.94. The stock has a market capitalization of $480.10 million, a PE ratio of 623.00 and a beta of 1.77.

Berry (NASDAQ:BRY) last announced its earnings results on Friday, August 9th. The energy company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $197.80 million for the quarter, compared to the consensus estimate of $187.38 million. Berry had a net margin of 0.41% and a return on equity of 6.15%. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 EPS. Equities analysts anticipate that Berry Co. will post 0.84 earnings per share for the current year.

Berry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.48 annualized dividend and a dividend yield of 7.69%. Berry’s dividend payout ratio is currently 4,800.00%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their price target on shares of Berry from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Berry by 17.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,572 shares of the energy company’s stock valued at $145,000 after buying an additional 3,089 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Berry by 10.6% during the fourth quarter. New York State Common Retirement Fund now owns 79,560 shares of the energy company’s stock worth $559,000 after purchasing an additional 7,634 shares during the period. Bailard Inc. raised its position in shares of Berry by 29.9% during the fourth quarter. Bailard Inc. now owns 35,600 shares of the energy company’s stock worth $250,000 after purchasing an additional 8,200 shares during the period. Truist Financial Corp grew its position in Berry by 23.5% in the 4th quarter. Truist Financial Corp now owns 48,014 shares of the energy company’s stock valued at $338,000 after purchasing an additional 9,124 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Berry by 62.1% during the 4th quarter. Russell Investments Group Ltd. now owns 64,211 shares of the energy company’s stock valued at $451,000 after purchasing an additional 24,600 shares in the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.

About Berry

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.