Berry Co. (NASDAQ:BRY) Stock Position Lessened by LSV Asset Management

LSV Asset Management lessened its stake in shares of Berry Co. (NASDAQ:BRY - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,234,000 shares of the energy company's stock after selling 253,700 shares during the quarter. LSV Asset Management owned 1.60% of Berry worth $5,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of Berry during the fourth quarter valued at about $29,000. McIlrath & Eck LLC acquired a new stake in Berry during the 3rd quarter valued at approximately $47,000. Meeder Asset Management Inc. increased its holdings in Berry by 54.9% during the 4th quarter. Meeder Asset Management Inc. now owns 12,114 shares of the energy company's stock worth $50,000 after purchasing an additional 4,294 shares during the last quarter. EMC Capital Management grew its position in shares of 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. Finally, RPO LLC bought a new position in shares of Berry during the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 94.88% of the company's stock.

Berry Stock Performance

NASDAQ:BRY traded up $0.06 during trading hours on Friday, reaching $2.40. 933,001 shares of the stock were exchanged, compared to its average volume of 1,137,543. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $185.32 million, a P/E ratio of 2.22 and a beta of 1.34. Berry Co. has a 52 week low of $2.11 and a 52 week high of $8.88. The firm has a 50 day simple moving average of $3.33 and a 200-day simple moving average of $4.15.

Berry (NASDAQ:BRY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09. Berry had a net margin of 9.40% and a return on equity of 6.50%. The business had revenue of $167.06 million during the quarter, compared to analyst estimates of $173.00 million. As a group, sell-side analysts forecast that Berry Co. will post 0.58 earnings per share for the current fiscal year.

Berry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Friday, March 21st. Berry's payout ratio is 48.00%.

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.