Tejara Capital Ltd Sells 12,626 Shares of Berry Co. (NASDAQ:BRY)

Tejara Capital Ltd reduced its stake in shares of Berry Co. (NASDAQ:BRY) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 275,886 shares of the energy company’s stock after selling 12,626 shares during the period. Tejara Capital Ltd’s holdings in Berry were worth $1,139,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BRY. R Squared Ltd bought a new stake in shares of Berry during the 4th quarter worth $29,000. McIlrath & Eck LLC bought a new stake in shares of Berry during the 3rd quarter worth $47,000. EMC Capital Management lifted its holdings in shares of Berry by 149.7% during the 4th quarter. EMC Capital Management now owns 13,780 shares of the energy company’s stock worth $57,000 after acquiring an additional 8,261 shares during the last quarter. Quarry LP lifted its holdings in shares of Berry by 390.6% during the 3rd quarter. Quarry LP now owns 12,643 shares of the energy company’s stock worth $65,000 after acquiring an additional 10,066 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Berry during the 4th quarter worth $70,000. 94.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Berry Price Performance

Shares of NASDAQ:BRY opened at $3.34 on Tuesday. The stock has a market cap of $256.98 million, a PE ratio of 3.09 and a beta of 1.67. The company’s fifty day moving average is $4.27 and its 200 day moving average is $4.60. Berry Co. has a 52 week low of $3.06 and a 52 week high of $8.88. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54.

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

Berry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Friday, March 21st. Berry’s payout ratio is presently 48.00%.

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.