MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Holdings in Berry Co. (NASDAQ:BRY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in Berry Co. (NASDAQ:BRY - Free Report) by 98.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,969 shares of the energy company's stock after selling 3,289,349 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Berry worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its position in shares of Berry by 94.5% during 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 during the period. Gotham Asset Management LLC lifted its stake in shares of Berry by 92.1% in the 4th quarter. Gotham Asset Management LLC now owns 27,487 shares of the energy company's stock valued at $114,000 after purchasing an additional 13,182 shares during the period. Graham Capital Management L.P. grew its stake in Berry by 210.7% during the fourth quarter. Graham Capital Management L.P. now owns 154,569 shares of the energy company's stock worth $638,000 after purchasing an additional 104,824 shares during the period. Deutsche Bank AG increased its holdings in Berry by 117.2% in the fourth quarter. Deutsche Bank AG now owns 75,744 shares of the energy company's stock worth $313,000 after purchasing an additional 40,871 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in Berry in the fourth quarter valued at approximately $1,660,000. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Berry Stock Down 3.3%

Shares of NASDAQ BRY traded down $0.09 during trading on Wednesday, hitting $2.62. 656,892 shares of the company traded hands, compared to its average volume of 1,095,939. The firm has a market capitalization of $203.30 million, a price-to-earnings ratio of 2.43 and a beta of 1.15. Berry Co. has a fifty-two week low of $2.11 and a fifty-two week high of $7.02. The business's fifty day moving average is $2.59 and its 200 day moving average is $3.59. 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 (NASDAQ:BRY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The firm 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%. Equities research analysts predict that Berry Co. will post 0.58 earnings per share for the current fiscal year.

Berry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, May 19th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 4.58%. Berry's dividend payout ratio (DPR) is currently -25.53%.

Wall Street Analysts Forecast Growth

Separately, Johnson Rice raised shares of 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.