Jane Street Group LLC Increases Stock Holdings in Berry Co. (NASDAQ:BRY)

Jane Street Group LLC grew its holdings in Berry Co. (NASDAQ:BRY - Free Report) by 357.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 187,655 shares of the energy company's stock after acquiring an additional 146,634 shares during the quarter. Jane Street Group LLC owned 0.24% of Berry worth $775,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. R Squared Ltd acquired a new position in Berry in the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. raised 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 buying an additional 4,294 shares during the period. EMC Capital Management grew its stake in 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 acquiring an additional 8,261 shares during the period. RPO LLC purchased a new stake in Berry in the 4th quarter worth $62,000. Finally, AXQ Capital LP acquired a new position in Berry during the fourth quarter worth $65,000. Hedge funds and other institutional investors own 94.88% of the company's stock.

Wall Street Analysts Forecast Growth

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

Berry Price Performance

Shares of NASDAQ BRY traded up $0.05 during midday trading on Tuesday, hitting $2.54. The stock had a trading volume of 645,268 shares, compared to its average volume of 1,100,551. 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 50 day simple moving average of $2.69 and a 200-day simple moving average of $3.66. The company has a market capitalization of $197.09 million, a PE ratio of 2.35 and a beta of 1.15. Berry Co. has a 1 year low of $2.11 and a 1 year high of $7.03.

Berry (NASDAQ:BRY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $182.65 million for the quarter, compared to analyst estimates of $177.00 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. On average, sell-side analysts expect that Berry Co. will post 0.58 EPS for the current fiscal 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. The ex-dividend date is Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 4.72%. Berry's payout ratio is -25.53%.

Berry Company 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.