Dynamic Technology Lab Private Ltd Sells 74,049 Shares of Berry Corporation $BRY

Dynamic Technology Lab Private Ltd lessened its position in shares of Berry Corporation (NASDAQ:BRY) by 87.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,490 shares of the energy company’s stock after selling 74,049 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Berry were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BRY. Pinnacle Holdings LLC acquired a new position in Berry during the first quarter valued at approximately $27,000. BridgePort Financial Solutions LLC bought a new position in shares of Berry in the 2nd quarter valued at $29,000. PNC Financial Services Group Inc. increased its stake in shares of Berry by 130.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,869 shares of the energy company’s stock valued at $38,000 after purchasing an additional 6,722 shares during the last quarter. FORA Capital LLC acquired a new position in shares of Berry during the 1st quarter worth $38,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Berry during the 1st quarter worth $41,000. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Stock Up 1.2%

NASDAQ:BRY opened at $3.32 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.81 and a quick ratio of 0.81. Berry Corporation has a one year low of $2.11 and a one year high of $5.09. The firm’s 50 day simple moving average is $3.51 and its 200 day simple moving average is $3.19. The company has a market cap of $257.67 million, a PE ratio of -2.81 and a beta of 1.14.

Berry (NASDAQ:BRY) last issued its quarterly earnings results on Wednesday, November 5th. The energy company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). The company had revenue of $151.14 million during the quarter, compared to analyst estimates of $169.50 million. Berry had a negative net margin of 12.42% and a positive return on equity of 2.95%. On average, research analysts anticipate that Berry Corporation will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Tuesday, November 18th will be given a $0.03 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.6%. Berry’s payout ratio is -10.17%.

Analyst Ratings Changes

Several research analysts have commented on the company. Johnson Rice downgraded Berry from a “buy” rating to a “hold” rating and set a $4.00 target price for the company. in a research note on Tuesday, September 16th. Wall Street Zen cut shares of Berry from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Berry in a research note on Monday. Finally, Zacks Research raised shares of Berry from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $4.00.

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.