Mackenzie Financial Corp Increases Position in Berry Co. (NASDAQ:BRY)

Mackenzie Financial Corp boosted its holdings in Berry Co. (NASDAQ:BRY - Free Report) by 598.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,905 shares of the energy company's stock after purchasing an additional 115,594 shares during the period. Mackenzie Financial Corp owned approximately 0.18% of Berry worth $557,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Jane Street Group LLC raised its stake in shares of Berry by 357.5% during the fourth quarter. Jane Street Group LLC now owns 187,655 shares of the energy company's stock valued at $775,000 after acquiring an additional 146,634 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Berry during the fourth quarter valued at about $1,660,000. American Century Companies Inc. raised its stake in shares of Berry by 11.4% during the fourth 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 last quarter. JPMorgan Chase & Co. raised its stake in shares of Berry by 91.0% during the fourth quarter. JPMorgan Chase & Co. now owns 514,718 shares of the energy company's stock valued at $2,126,000 after acquiring an additional 245,216 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Berry by 59.7% during the fourth quarter. New York State Common Retirement Fund now owns 69,036 shares of the energy company's stock valued at $285,000 after acquiring an additional 25,800 shares during the last quarter. 94.88% of the stock is owned by institutional investors.

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 Trading Up 2.3%

BRY stock traded up $0.06 during trading on Friday, reaching $2.64. The company had a trading volume of 737,036 shares, compared to its average volume of 1,090,414. Berry Co. has a 52 week low of $2.11 and a 52 week high of $7.02. The company has a market cap of $204.85 million, a P/E ratio of 2.44 and a beta of 1.07. The business has a 50 day moving average of $2.56 and a 200 day moving average of $3.57. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80.

Berry (NASDAQ:BRY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $182.65 million during 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%. As a group, sell-side analysts forecast that Berry Co. will post 0.58 earnings per share for the current fiscal year.

Berry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 19th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was 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.