Berry Co. (NASDAQ:BRY) Shares Sold by Northern Trust Corp

Northern Trust Corp reduced its stake in shares of Berry Co. (NASDAQ:BRY - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 699,019 shares of the energy company's stock after selling 228,554 shares during the period. Northern Trust Corp owned 0.91% of Berry worth $2,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new position in shares of Berry during the fourth quarter valued at about $1,112,000. Oxford Asset Management LLP lifted its stake in shares of Berry by 107.2% during the 4th quarter. Oxford Asset Management LLP now owns 94,992 shares of the energy company's stock worth $392,000 after acquiring an additional 49,146 shares during the last quarter. Virtus ETF Advisers LLC grew its stake in Berry by 25.1% in the 4th quarter. Virtus ETF Advisers LLC now owns 32,690 shares of the energy company's stock worth $135,000 after acquiring an additional 6,563 shares in the last quarter. Two Sigma Securities LLC bought a new position in Berry in the 4th quarter worth about $79,000. Finally, Nebula Research & Development LLC raised its stake in shares of Berry by 43.0% during the fourth quarter. Nebula Research & Development LLC now owns 139,268 shares of the energy company's stock valued at $575,000 after acquiring an additional 41,898 shares in the last quarter. 94.88% of the stock is owned by hedge funds and other institutional investors.

Berry Stock Performance

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 company has a market cap of $193.99 million, a P/E ratio of 2.31 and a beta of 1.15. 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 fifty day moving average of $2.64 and a two-hundred day moving average of $3.63. Berry Co. has a 12 month low of $2.11 and a 12 month high of $7.02.

Berry (NASDAQ:BRY - Get Free Report) last issued its quarterly 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. Berry had a net margin of 9.40% and a return on equity of 6.50%. The company had revenue of $182.65 million for the quarter, compared to the consensus estimate of $177.00 million. On average, research analysts expect 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 will be paid on Thursday, May 29th. Shareholders of record on Monday, May 19th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Monday, May 19th. Berry's payout ratio is presently -25.53%.

Analyst Ratings Changes

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

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.