SCHEDULE 13G/A: BlackRock Discloses 8.8% Passive Stake in Berry Corp Common Stock
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, revealing a passive beneficial ownership of 8.8% of Berry Corp's common stock as of December 31, 2024.
Summary
- BlackRock, Inc. reported beneficial ownership of 6,759,474 shares of Berry Corp common stock as of December 31, 2024.
- This aggregate amount represents 8.8% of Berry Corp's outstanding common stock.
- BlackRock holds sole voting power over 6,644,921 shares and shared voting power over 1,769 shares.
- BlackRock holds sole dispositive power over 6,759,474 shares and shared dispositive power over 1,769 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Berry Corp.
- Several BlackRock subsidiaries, including BlackRock Investment Management, LLC, are identified as entities through which the beneficial ownership is held, with BlackRock Investment Management, LLC beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment regarding the company's performance or outlook. It is a neutral regulatory filing.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by one of the world's largest asset managers, BlackRock, in Berry Corp. Such disclosures are routine for institutional investors crossing certain ownership thresholds and reflect their portfolio allocations rather than specific strategic moves related to the issuer's industry trends. It suggests continued institutional interest in the energy sector, where Berry Corp operates.
Stakeholder Impact
- Shareholders: The disclosure of a significant passive stake by a major institutional investor like BlackRock may be viewed positively, indicating institutional confidence or interest in Berry Corp's stock.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, which was revoked. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-01-21 | Date of the new Power of Attorney. |
| 2025-02-05 | Signature date of the Schedule 13G filing. |
Keywords
BlackRock, Berry Corp, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, Equity Stake
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