JPMorgan Chase & Co. Has $2.13 Million Holdings in Berry Co. (NASDAQ:BRY)

JPMorgan Chase & Co. boosted its stake in shares of Berry Co. (NASDAQ:BRY - Free Report) by 91.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 514,718 shares of the energy company's stock after buying an additional 245,216 shares during the period. JPMorgan Chase & Co. owned about 0.67% of Berry worth $2,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Berry in the fourth quarter worth approximately $29,000. EMC Capital Management boosted its position in shares of Berry by 149.7% in the fourth quarter. EMC Capital Management now owns 13,780 shares of the energy company's stock valued at $57,000 after acquiring an additional 8,261 shares during the period. McIlrath & Eck LLC bought a new stake in shares of Berry in the third quarter valued at approximately $47,000. Intech Investment Management LLC boosted its position in shares of Berry by 45.1% in the fourth quarter. Intech Investment Management LLC now owns 35,465 shares of the energy company's stock valued at $146,000 after acquiring an additional 11,027 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of 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 purchasing an additional 14,579 shares in the last quarter. Institutional investors and hedge funds own 94.88% of the company's stock.

Berry Stock Performance

Shares of NASDAQ BRY traded down $0.09 during trading hours on Tuesday, reaching $2.52. The stock had a trading volume of 752,697 shares, compared to its average volume of 1,140,549. The business's fifty day moving average is $3.07 and its two-hundred day moving average is $4.00. 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 company has a market cap of $195.54 million, a price-to-earnings ratio of 2.33 and a beta of 1.34. Berry Co. has a twelve month low of $2.11 and a twelve month high of $8.75.

Berry (NASDAQ:BRY - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The energy company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.09. Berry had a net margin of 9.40% and a return on equity of 6.50%. The firm had revenue of $167.06 million for the quarter, compared to analysts' expectations of $173.00 million. As a group, research analysts expect that Berry Co. will post 0.58 EPS for the current year.

Berry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.12 annualized dividend and a yield of 4.76%. Berry's dividend payout ratio is currently 48.00%.

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.