Berry Petroleum Company LLC (NASDAQ:BRY) Director Benefit Street Partners Llc sold 76,512 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $11.59, for a total value of $886,774.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Berry Petroleum stock traded up $0.12 during trading hours on Friday, reaching $11.82. The company had a trading volume of 6,436,600 shares, compared to its average volume of 1,015,953. Berry Petroleum Company LLC has a one year low of $7.87 and a one year high of $18.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 and a quick ratio of 0.71. The firm has a market capitalization of $955.32 million and a P/E ratio of 9.40.
Berry Petroleum (NASDAQ:BRY) last posted its quarterly earnings results on Wednesday, March 6th. The energy company reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.41. The company had revenue of $280.35 million during the quarter, compared to the consensus estimate of $157.20 million. Sell-side analysts expect that Berry Petroleum Company LLC will post 1.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Thursday, March 14th. Berry Petroleum’s payout ratio is currently 38.10%.
Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Berry Petroleum by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 228,827 shares of the energy company’s stock valued at $2,002,000 after purchasing an additional 21,612 shares during the period. FMR LLC increased its holdings in Berry Petroleum by 61.1% during the 4th quarter. FMR LLC now owns 7,871,163 shares of the energy company’s stock valued at $68,874,000 after purchasing an additional 2,985,746 shares during the period. Macquarie Group Ltd. increased its holdings in Berry Petroleum by 2.7% during the 4th quarter. Macquarie Group Ltd. now owns 61,797 shares of the energy company’s stock valued at $541,000 after purchasing an additional 1,607 shares during the period. Venor Capital Management LP increased its holdings in Berry Petroleum by 10.3% during the 4th quarter. Venor Capital Management LP now owns 3,412,702 shares of the energy company’s stock valued at $29,861,000 after purchasing an additional 318,861 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Berry Petroleum during the 4th quarter valued at about $270,000. 81.77% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on BRY shares. KeyCorp started coverage on Berry Petroleum in a research report on Thursday, December 20th. They issued a “sector weight” rating for the company. Capital One Financial downgraded Berry Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. BMO Capital Markets reissued a “buy” rating and issued a $13.00 target price on shares of Berry Petroleum in a research report on Monday, January 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $11.00 target price on shares of Berry Petroleum in a research report on Wednesday, January 9th. Finally, Zacks Investment Research raised Berry Petroleum from a “strong sell” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Berry Petroleum has a consensus rating of “Buy” and an average target price of $17.50.
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About Berry Petroleum
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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