Berry Co. (NASDAQ:BRY) Holdings Decreased by Two Sigma Investments LP

Two Sigma Investments LP trimmed its holdings in Berry Co. (NASDAQ:BRY - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 523,952 shares of the energy company's stock after selling 241,161 shares during the period. Two Sigma Investments LP owned about 0.68% of Berry worth $2,164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in Berry by 54.2% in the fourth quarter. SG Americas Securities LLC now owns 41,475 shares of the energy company's stock valued at $171,000 after buying an additional 14,579 shares during the last quarter. R Squared Ltd bought a new stake in Berry in the 4th quarter valued at about $29,000. Caprock Group LLC bought a new stake in Berry during the 4th quarter valued at $70,000. Empowered Funds LLC lifted its holdings in Berry by 5.1% in the fourth quarter. Empowered Funds LLC now owns 407,832 shares of the energy company's stock worth $1,684,000 after purchasing an additional 19,820 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Berry by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,729,339 shares of the energy company's stock valued at $11,682,000 after acquiring an additional 35,728 shares during the period. 94.88% of the stock is currently owned by hedge funds and other institutional investors.

Berry Price Performance

Shares of NASDAQ BRY traded up $0.30 during mid-day trading on Tuesday, reaching $2.71. The company had a trading volume of 1,360,443 shares, compared to its average volume of 1,097,370. The company has a 50-day moving average price of $2.60 and a two-hundred day moving average price of $3.60. The stock has a market cap of $210.29 million, a PE ratio of 2.51 and a beta of 1.15. 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 1-year low of $2.11 and a 1-year 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 analysts' consensus estimates of $0.10 by $0.02. Berry had a return on equity of 6.50% and a net margin of 9.40%. The firm had revenue of $182.65 million for the quarter, compared to analysts' expectations of $177.00 million. On average, equities analysts anticipate that Berry Co. will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, May 19th were given a $0.03 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 4.43%. Berry's dividend payout ratio (DPR) 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.

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.