Renaissance Technologies LLC Has $1.64 Million Stake in Berry Co. (NASDAQ:BRY)

Renaissance Technologies LLC grew its position in shares of Berry Co. (NASDAQ:BRY - Free Report) by 441.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 397,155 shares of the energy company's stock after acquiring an additional 323,855 shares during the quarter. Renaissance Technologies LLC owned 0.52% of Berry worth $1,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Aristides Capital LLC bought a new position in Berry in the fourth quarter valued at approximately $212,000. Russell Investments Group Ltd. boosted its holdings in shares of Berry by 219.8% in the 4th quarter. Russell Investments Group Ltd. now owns 121,867 shares of the energy company's stock valued at $503,000 after buying an additional 83,760 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in Berry by 128.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 117,511 shares of the energy company's stock worth $485,000 after buying an additional 66,122 shares during the last quarter. Wells Fargo & Company MN raised its position in Berry by 35.7% during the fourth quarter. Wells Fargo & Company MN now owns 55,073 shares of the energy company's stock worth $227,000 after acquiring an additional 14,478 shares in the last quarter. Finally, Integrated Quantitative Investments LLC bought a new stake in Berry during the fourth quarter worth $211,000. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Berry Stock Performance

Shares of Berry stock traded down $0.02 during trading on Friday, hitting $2.56. 145,418 shares of the stock were exchanged, compared to its average volume of 1,129,518. Berry Co. has a 1-year low of $2.11 and a 1-year high of $8.21. The stock has a market capitalization of $198.26 million, a price-to-earnings ratio of 2.38 and a beta of 1.34. The company has a fifty day moving average price of $3.01 and a 200-day moving average price of $3.97. 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 (NASDAQ:BRY - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.09. The company had revenue of $167.06 million during the quarter, compared to analysts' expectations of $173.00 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. As a group, equities analysts predict that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd were issued a $0.03 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.12 annualized dividend and a dividend yield of 4.70%. Berry's dividend payout ratio is currently 48.00%.

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.