Tudor Investment Corp ET AL Purchases New Shares in Berry Co. (NASDAQ:BRY)

Tudor Investment Corp ET AL bought a new stake in shares of Berry Co. (NASDAQ:BRY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 269,249 shares of the energy company's stock, valued at approximately $1,112,000. Tudor Investment Corp ET AL owned 0.35% of Berry at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Berry by 12.2% in the fourth quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company's stock valued at $24,698,000 after acquiring an additional 652,416 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Berry by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,729,339 shares of the energy company's stock valued at $11,682,000 after purchasing an additional 35,728 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Berry by 31.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,403,588 shares of the energy company's stock worth $9,927,000 after purchasing an additional 571,812 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Berry by 11.4% during the fourth quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company's stock worth $8,681,000 after purchasing an additional 214,580 shares in the last quarter. Finally, South Dakota Investment Council increased its holdings in Berry by 66.4% in the fourth quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company's stock valued at $8,090,000 after buying an additional 781,562 shares during the last quarter. 94.88% of the stock is owned by institutional investors and hedge funds.

Berry Stock Up 2.2%

NASDAQ BRY traded up $0.07 during trading on Monday, reaching $2.99. 222,376 shares of the company's stock were exchanged, compared to its average volume of 1,112,854. The company has a 50 day moving average price of $2.84 and a two-hundred day moving average price of $3.85. The stock has a market cap of $231.62 million, a P/E ratio of 2.75 and a beta of 1.15. Berry Co. has a 1 year low of $2.11 and a 1 year high of $7.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80.

Berry (NASDAQ:BRY - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $177.00 million. On average, equities research analysts anticipate 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 will be paid on Thursday, May 29th. Shareholders of record on Monday, May 19th will be paid a $0.03 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 4.02%. Berry's dividend payout ratio is presently -25.53%.

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.