South Dakota Investment Council Has $8.09 Million Position in Berry Co. (NASDAQ:BRY)

South Dakota Investment Council grew its holdings in Berry Co. (NASDAQ:BRY) by 66.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,958,864 shares of the energy company’s stock after purchasing an additional 781,562 shares during the quarter. South Dakota Investment Council’s holdings in Berry were worth $8,090,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Berry in the fourth quarter valued at about $29,000. McIlrath & Eck LLC acquired a new stake in Berry during the third quarter worth about $47,000. International Assets Investment Management LLC acquired a new stake in Berry during the third quarter worth about $530,000. Quarry LP grew its position in Berry by 390.6% during the third quarter. Quarry LP now owns 12,643 shares of the energy company’s stock worth $65,000 after buying an additional 10,066 shares in the last quarter. Finally, EMC Capital Management grew its position in Berry by 149.7% during the fourth quarter. EMC Capital Management now owns 13,780 shares of the energy company’s stock worth $57,000 after buying an additional 8,261 shares in the last quarter. 94.88% of the stock is owned by institutional investors and hedge funds.

Berry Stock Down 3.4 %

Shares of BRY opened at $4.27 on Friday. The stock has a market cap of $328.53 million, a price-to-earnings ratio of 3.95 and a beta of 1.62. 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 Co. has a 12 month low of $3.72 and a 12 month high of $8.88. The company has a 50-day moving average price of $4.38 and a two-hundred day moving average price of $4.90.

Analysts Set New Price Targets

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

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.