Berry Co. (NASDAQ:BRY) Position Boosted by South Dakota Investment Council

South Dakota Investment Council increased its holdings in Berry Co. (NASDAQ:BRY) by 66.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,958,864 shares of the energy company’s stock after buying an additional 781,562 shares during the quarter. South Dakota Investment Council owned about 2.55% of Berry worth $8,090,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BRY. GSA Capital Partners LLP bought a new position in Berry during the 3rd quarter valued at $1,333,000. Assenagon Asset Management S.A. bought a new position in Berry during the 3rd quarter valued at $990,000. Geode Capital Management LLC boosted its stake in Berry by 10.2% during the 3rd 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 in the last quarter. Victory Capital Management Inc. lifted its position in shares of Berry by 48.5% during the 3rd quarter. Victory Capital Management Inc. now owns 386,286 shares of the energy company’s stock valued at $1,986,000 after acquiring an additional 126,175 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Berry by 155.2% during the 3rd quarter. Barclays PLC now owns 200,120 shares of the energy company’s stock valued at $1,029,000 after acquiring an additional 121,693 shares during the last quarter. 94.88% of the stock is owned by institutional investors.

Berry Price Performance

Shares of NASDAQ:BRY opened at $4.27 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Berry Co. has a 1 year low of $3.72 and a 1 year high of $8.88. The business has a fifty day simple moving average of $4.38 and a 200 day simple moving average of $4.90. The firm has a market cap of $328.53 million, a price-to-earnings ratio of 3.95 and a beta of 1.62.

Wall Street Analyst Weigh In

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

Berry 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.