Berry Co. (NASDAQ:BRY) Shares Bought by Jane Street Group LLC

Jane Street Group LLC grew its position in shares of Berry Co. (NASDAQ:BRY - Free Report) by 357.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 187,655 shares of the energy company's stock after buying an additional 146,634 shares during the period. Jane Street Group LLC owned about 0.24% of Berry worth $775,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Berry by 12.2% during the 4th quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company's stock worth $24,698,000 after buying an additional 652,416 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Berry by 1.3% in 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 purchasing an additional 35,728 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings 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 worth $9,927,000 after purchasing an additional 571,812 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Berry by 11.4% in the 4th quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company's stock worth $8,681,000 after purchasing an additional 214,580 shares during the last quarter. Finally, South Dakota Investment Council lifted its holdings in shares of Berry by 66.4% in the 4th quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company's stock worth $8,090,000 after purchasing an additional 781,562 shares during the last quarter. Institutional investors own 94.88% of the company's stock.

Analysts Set New Price Targets

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

Berry Price Performance

Shares of NASDAQ BRY remained flat at $2.50 during mid-day trading on Thursday. The company had a trading volume of 726,450 shares, compared to its average volume of 1,097,478. The firm has a market cap of $193.99 million, a PE ratio of 2.31 and a beta of 1.15. Berry Co. has a 1-year low of $2.11 and a 1-year high of $7.02. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The firm's 50 day simple moving average is $2.64 and its 200 day simple moving average is $3.63.

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

Berry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, May 19th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Monday, May 19th. Berry's dividend payout ratio (DPR) is presently -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.