Dimensional Fund Advisors LP Sells 210,736 Shares of Berry Co. (NASDAQ:BRY)

Dimensional Fund Advisors LP lessened its holdings in Berry Co. (NASDAQ:BRY - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,081,852 shares of the energy company's stock after selling 210,736 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.31% of Berry worth $16,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Berry by 12.2% in the fourth quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company's stock valued at $24,698,000 after acquiring an additional 652,416 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Berry by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,729,339 shares of the energy company's stock worth $11,682,000 after buying an additional 35,728 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Berry by 31.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,403,588 shares of the energy company's stock valued at $9,927,000 after acquiring an additional 571,812 shares in the last quarter. American Century Companies Inc. lifted its position in shares of 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 acquiring an additional 214,580 shares during the period. Finally, South Dakota Investment Council boosted its stake in Berry by 66.4% during the fourth 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 currently owned by institutional investors and hedge funds.

Berry Stock Up 3.2 %

Shares of NASDAQ BRY traded up $0.09 during trading on Friday, hitting $2.93. 833,874 shares of the company traded hands, compared to its average volume of 1,118,611. The business's fifty day moving average is $2.84 and its 200 day moving average is $3.86. Berry Co. has a fifty-two week low of $2.11 and a fifty-two week high of $7.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $227.36 million, a price-to-earnings ratio of 2.71 and a beta of 1.15.

Berry (NASDAQ:BRY - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $182.65 million during the quarter, compared to analyst estimates of $177.00 million. Berry had a net margin of 9.40% and a return on equity of 6.50%. Equities research analysts predict that Berry Co. will post 0.58 earnings per share for the current fiscal year.

Berry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 19th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Monday, May 19th. Berry's payout ratio is currently 48.00%.

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.