Berry Co. (NASDAQ:BRY) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its holdings in shares of Berry Co. (NASDAQ:BRY - Free Report) by 2,102.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 402,513 shares of the energy company's stock after purchasing an additional 384,236 shares during the period. Squarepoint Ops LLC owned 0.52% of Berry worth $1,662,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BRY. SG Americas Securities LLC increased its position in shares of Berry by 54.2% during the fourth quarter. SG Americas Securities LLC now owns 41,475 shares of the energy company's stock worth $171,000 after purchasing an additional 14,579 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Berry during the fourth quarter valued at $29,000. EMC Capital Management grew its holdings in shares of Berry by 149.7% during the fourth quarter. EMC Capital Management now owns 13,780 shares of the energy company's stock valued at $57,000 after buying an additional 8,261 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of Berry during the fourth quarter valued at $70,000. Finally, Empowered Funds LLC grew its holdings in shares of Berry by 5.1% during the fourth quarter. Empowered Funds LLC now owns 407,832 shares of the energy company's stock valued at $1,684,000 after buying an additional 19,820 shares during the last quarter. 94.88% of the stock is owned by institutional investors and hedge funds.

Berry Stock Performance

NASDAQ:BRY traded up $0.30 during mid-day trading on Tuesday, hitting $2.71. The company's stock had a trading volume of 1,360,443 shares, compared to its average volume of 1,097,639. Berry Co. has a 1 year low of $2.11 and a 1 year high of $7.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $210.29 million, a price-to-earnings ratio of 2.51 and a beta of 1.15. The business's fifty day moving average is $2.59 and its two-hundred day moving average is $3.59.

Berry (NASDAQ:BRY - Get Free Report) last posted 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. 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 analyst estimates of $177.00 million. Analysts anticipate that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 4.43%. The ex-dividend date was Monday, May 19th. Berry's payout ratio is -25.53%.

Analyst Ratings Changes

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

Berry Company 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.