Nuveen Asset Management LLC Sells 211,410 Shares of Berry Co. (NASDAQ:BRY)

Nuveen Asset Management LLC trimmed its holdings in Berry Co. (NASDAQ:BRY - Free Report) by 48.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 225,502 shares of the energy company's stock after selling 211,410 shares during the quarter. Nuveen Asset Management LLC owned 0.29% of Berry worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of BRY. Jane Street Group LLC raised its holdings in Berry by 357.5% during the 4th quarter. Jane Street Group LLC now owns 187,655 shares of the energy company's stock worth $775,000 after buying an additional 146,634 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in Berry during the 4th quarter worth about $1,660,000. American Century Companies Inc. raised its holdings in Berry by 11.4% during the 4th quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company's stock worth $8,681,000 after buying an additional 214,580 shares during the period. JPMorgan Chase & Co. raised its holdings in Berry by 91.0% during the 4th quarter. JPMorgan Chase & Co. now owns 514,718 shares of the energy company's stock worth $2,126,000 after buying an additional 245,216 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of Berry by 59.7% in the 4th quarter. New York State Common Retirement Fund now owns 69,036 shares of the energy company's stock valued at $285,000 after purchasing an additional 25,800 shares during the period. 94.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Berry Stock Up 2.3%

Shares of BRY traded up $0.06 during trading hours on Friday, reaching $2.64. The company's stock had a trading volume of 737,036 shares, compared to its average volume of 1,090,763. The firm has a market cap of $204.85 million, a price-to-earnings ratio of 2.44 and a beta of 1.07. Berry Co. has a 1-year low of $2.11 and a 1-year high of $7.02. 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 company has a 50 day moving average of $2.55 and a two-hundred day moving average of $3.56.

Berry (NASDAQ:BRY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $182.65 million during the quarter, compared to analysts' expectations 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 predict 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 was paid on Thursday, May 29th. Investors of record on Monday, May 19th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 4.55%. Berry's payout ratio is -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.