Mobius Capital Management LLC acquired a new position in shares of Berry Petroleum Company LLC (NASDAQ:BRY) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 148,185 shares of the energy company’s stock, valued at approximately $2,611,000. Berry Petroleum comprises about 1.9% of Mobius Capital Management LLC’s holdings, making the stock its 14th largest position. Mobius Capital Management LLC owned approximately 0.18% of Berry Petroleum as of its most recent SEC filing.
BRY has been the subject of a number of analyst reports. Johnson Rice initiated coverage on shares of Berry Petroleum in a research report on Monday, August 20th. They issued a “buy” rating and a $20.00 price objective for the company. BMO Capital Markets initiated coverage on shares of Berry Petroleum in a research report on Monday, August 20th. They issued an “outperform” rating for the company. Zacks Investment Research raised shares of Berry Petroleum from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Monday. Evercore ISI initiated coverage on shares of Berry Petroleum in a research report on Friday, August 24th. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, Goldman Sachs Group initiated coverage on shares of Berry Petroleum in a research report on Monday, August 20th. They issued a “buy” rating and a $20.00 price objective for the company. Ten research analysts have rated the stock with a buy rating, Berry Petroleum has a consensus rating of “Buy” and an average price target of $20.00.
NASDAQ:BRY traded down $0.28 on Tuesday, reaching $13.87. The stock had a trading volume of 7,055 shares, compared to its average volume of 393,220. Berry Petroleum Company LLC has a 12-month low of $6.00 and a 12-month high of $18.55.
The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Saturday, September 15th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Thursday, September 13th. This is a positive change from Berry Petroleum’s previous quarterly dividend of $0.08.
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.
Further Reading: Fundamental Analysis and Individual Investors
Receive News & Ratings for Berry Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.