Dimensional Fund Advisors LP Cuts Stock Position in Berry Co. (NASDAQ:BRY)

Dimensional Fund Advisors LP trimmed its holdings in Berry Co. (NASDAQ:BRY - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,081,852 shares of the energy company's stock after selling 210,736 shares during the quarter. Dimensional Fund Advisors LP owned about 5.31% of Berry worth $16,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BRY. Vanguard Group Inc. grew its position in Berry by 12.2% during the 4th quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company's stock valued at $24,698,000 after purchasing an additional 652,416 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in 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 valued at $11,682,000 after purchasing an additional 35,728 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Berry by 31.2% during 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 purchasing an additional 571,812 shares during the last quarter. American Century Companies Inc. grew its position 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 purchasing an additional 214,580 shares during the last quarter. Finally, South Dakota Investment Council grew its position in Berry by 66.4% during the 4th quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company's stock valued at $8,090,000 after purchasing an additional 781,562 shares during the last quarter. 94.88% of the stock is currently owned by institutional investors.

Berry Stock Performance

Shares of NASDAQ BRY traded up $0.10 during trading on Tuesday, reaching $3.10. 194,757 shares of the company traded hands, compared to its average volume of 1,112,037. The firm has a 50 day simple moving average of $2.83 and a 200-day simple moving average of $3.83. 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 $240.55 million, a PE ratio of 2.87 and a beta of 1.15. Berry Co. has a 52-week low of $2.11 and a 52-week high of $7.57.

Berry (NASDAQ:BRY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $0.12 earnings per share (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 the consensus estimate of $177.00 million. Berry had a net margin of 9.40% and a return on equity of 6.50%. Equities research analysts anticipate that Berry Co. will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The company also recently disclosed 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 yield of 3.87%. The ex-dividend date is Monday, May 19th. Berry's dividend payout ratio (DPR) is presently -25.53%.

About Berry

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.