Two Sigma Advisers LP Reduces Stock Holdings in Berry Co. (NASDAQ:BRY)

Two Sigma Advisers LP decreased its stake in shares of Berry Co. (NASDAQ:BRY - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 577,100 shares of the energy company's stock after selling 161,600 shares during the period. Two Sigma Advisers LP owned about 0.75% of Berry worth $2,383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of Berry by 15.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,183 shares of the energy company's stock valued at $117,000 after purchasing an additional 3,714 shares during the period. Meeder Asset Management Inc. grew 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 valued at $50,000 after purchasing an additional 4,294 shares during the last quarter. Virtus ETF Advisers LLC grew its holdings in Berry by 25.1% during the 4th quarter. Virtus ETF Advisers LLC now owns 32,690 shares of the energy company's stock valued at $135,000 after purchasing an additional 6,563 shares during the last quarter. R Squared Ltd bought a new position in Berry during the 4th quarter valued at about $29,000. Finally, ProShare Advisors LLC grew its holdings in Berry by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 21,574 shares of the energy company's stock valued at $89,000 after purchasing an additional 7,100 shares during the last quarter. Institutional investors own 94.88% of the company's stock.

Berry Trading Up 2.7%

Berry stock traded up $0.07 during trading hours on Monday, hitting $2.46. The company had a trading volume of 178,584 shares, compared to its average volume of 1,093,690. The firm has a market cap of $190.50 million, a P/E ratio of 2.27 and a beta of 1.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. Berry Co. has a 1 year low of $2.11 and a 1 year high of $7.02. The company has a 50-day moving average price of $2.62 and a two-hundred day moving average price of $3.61.

Berry (NASDAQ:BRY - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $182.65 million during 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%. On average, sell-side 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 was paid on Thursday, May 29th. Shareholders of record on Monday, May 19th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 4.89%. Berry's payout ratio is -25.53%.

Analyst Ratings Changes

Separately, Johnson Rice upgraded shares of Berry from an "accumulate" rating to a "buy" rating in a report on Wednesday, May 21st.

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.