Legal & General Group Plc Sells 106,393 Shares of Berry Co. (NASDAQ:BRY)

Legal & General Group Plc trimmed its holdings in shares of Berry Co. (NASDAQ:BRY - Free Report) by 93.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,189 shares of the energy company's stock after selling 106,393 shares during the quarter. Legal & General Group Plc's holdings in Berry were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BRY. Geode Capital Management LLC grew its stake in Berry by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,903,951 shares of the energy company's stock worth $9,788,000 after buying an additional 176,280 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in Berry in the third quarter valued at approximately $47,000. Barclays PLC grew its position in shares of Berry by 155.2% in the third quarter. Barclays PLC now owns 200,120 shares of the energy company's stock valued at $1,029,000 after purchasing an additional 121,693 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Berry by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 269,502 shares of the energy company's stock worth $1,385,000 after acquiring an additional 4,686 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Berry by 29.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 102,185 shares of the energy company's stock worth $422,000 after buying an additional 23,266 shares in the last quarter. Institutional investors own 94.88% of the company's stock.

Berry Stock Up 3.6 %

BRY stock opened at $2.57 on Friday. The firm's 50 day moving average price is $3.01 and its 200-day moving average price is $3.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $199.42 million, a PE ratio of 2.38 and a beta of 1.34. Berry Co. has a one year low of $2.11 and a one year high of $8.21.

Berry (NASDAQ:BRY - Get Free Report) last announced its earnings results 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 the consensus estimate of $173.00 million. On average, equities research analysts anticipate that Berry Co. will post 0.58 EPS for the current year.

Berry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.67%. Berry's payout ratio is 48.00%.

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.

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