Graham Capital Management L.P. Boosts Stock Holdings in Berry Co. (NASDAQ:BRY)

Graham Capital Management L.P. grew its stake in shares of Berry Co. (NASDAQ:BRY - Free Report) by 210.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,569 shares of the energy company's stock after purchasing an additional 104,824 shares during the period. Graham Capital Management L.P. owned approximately 0.20% of Berry worth $638,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Berry by 155.2% in the third quarter. Barclays PLC now owns 200,120 shares of the energy company's stock worth $1,029,000 after acquiring an additional 121,693 shares in the last quarter. American Century Companies Inc. raised its stake in Berry by 11.4% during the 4th quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company's stock valued at $8,681,000 after buying an additional 214,580 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Berry by 91.0% during the 4th quarter. JPMorgan Chase & Co. now owns 514,718 shares of the energy company's stock valued at $2,126,000 after purchasing an additional 245,216 shares during the period. New York State Common Retirement Fund lifted its position in Berry by 59.7% during the fourth quarter. New York State Common Retirement Fund now owns 69,036 shares of the energy company's stock valued at $285,000 after purchasing an additional 25,800 shares in the last quarter. Finally, South Dakota Investment Council increased its holdings in Berry by 66.4% in the 4th quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company's stock worth $8,090,000 after acquiring an additional 781,562 shares in the last quarter. 94.88% of the stock is owned by institutional investors.

Berry Price Performance

Shares of NASDAQ BRY traded down $0.07 during mid-day trading on Tuesday, reaching $2.67. The company's stock had a trading volume of 192,383 shares, compared to its average volume of 1,001,674. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80. Berry Co. has a 52 week low of $2.11 and a 52 week high of $7.29. The stock has a fifty day moving average of $2.77 and a two-hundred day moving average of $3.75. The firm has a market capitalization of $206.79 million, a PE ratio of 2.47 and a beta of 1.15.

Berry (NASDAQ:BRY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Berry had a net margin of 9.40% and a return on equity of 6.50%. The business had revenue of $182.65 million during the quarter, compared to analysts' expectations of $177.00 million. As a group, sell-side analysts anticipate that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, May 19th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 4.50%. Berry's dividend payout ratio is currently -25.53%.

Berry Company 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.