Berry Co. (NASDAQ:BRY) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its stake in Berry Co. (NASDAQ:BRY - Free Report) by 598.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,905 shares of the energy company's stock after buying an additional 115,594 shares during the period. Mackenzie Financial Corp owned about 0.18% of Berry worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. South Dakota Investment Council grew its holdings 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 worth $8,090,000 after acquiring an additional 781,562 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of Berry by 964.4% in the 4th quarter. Susquehanna International Group LLP now owns 835,592 shares of the energy company's stock worth $3,451,000 after purchasing an additional 757,087 shares during the period. Vanguard Group Inc. boosted its stake in shares of Berry by 12.2% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Berry by 31.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,403,588 shares of the energy company's stock valued at $9,927,000 after buying an additional 571,812 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in Berry by 94.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,148,446 shares of the energy company's stock worth $4,743,000 after buying an additional 557,842 shares in the last quarter. 94.88% of the stock is currently owned by institutional investors.

Berry Stock Down 3.7%

Shares of NASDAQ:BRY traded down $0.10 during trading on Wednesday, reaching $2.61. The stock had a trading volume of 1,088,543 shares, compared to its average volume of 1,097,603. The firm's 50-day simple moving average is $2.59 and its 200 day simple moving average is $3.59. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Berry Co. has a one year low of $2.11 and a one year high of $7.02. The company has a market capitalization of $202.53 million, a P/E ratio of 2.42 and a beta of 1.15.

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, topping 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%. As a group, research analysts expect that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 19th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Monday, May 19th. Berry's dividend payout ratio is presently -25.53%.

Analysts Set New Price Targets

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

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.