Berry Co. (NASDAQ:BRY) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC trimmed its holdings in shares of Berry Co. (NASDAQ:BRY - Free Report) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,153,932 shares of the energy company's stock after selling 140,180 shares during the period. Bridgeway Capital Management LLC owned 1.50% of Berry worth $4,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Berry in the 4th quarter valued at approximately $29,000. Meeder Asset Management Inc. grew its stake in shares of 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 period. EMC Capital Management increased its holdings in shares of Berry by 149.7% in the 4th quarter. EMC Capital Management now owns 13,780 shares of the energy company's stock valued at $57,000 after purchasing an additional 8,261 shares in the last quarter. RPO LLC purchased a new stake in Berry during the fourth quarter worth about $62,000. Finally, AXQ Capital LP purchased a new position in Berry in the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 94.88% of the company's stock.

Berry Price Performance

BRY traded up $0.14 during trading on Tuesday, reaching $3.14. 281,342 shares of the stock were exchanged, compared to its average volume of 1,112,359. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $243.65 million, a price-to-earnings ratio of 2.91 and a beta of 1.15. Berry Co. has a 1 year low of $2.11 and a 1 year high of $7.57. The business's 50 day moving average price is $2.83 and its two-hundred day moving average price is $3.83.

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, beating analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $182.65 million for the quarter, compared to analysts' expectations of $177.00 million. Berry had a net margin of 9.40% and a return on equity of 6.50%. As a group, equities research analysts anticipate that Berry Co. will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, May 19th will be issued 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 dividend yield of 3.82%. Berry's dividend payout ratio (DPR) is -25.53%.

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.