Berry Co. (NASDAQ:BRY) Stock Position Lifted by Trexquant Investment LP

Trexquant Investment LP boosted its stake in Berry Co. (NASDAQ:BRY) by 13.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 708,542 shares of the energy company’s stock after acquiring an additional 83,368 shares during the quarter. Trexquant Investment LP’s holdings in Berry were worth $2,926,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Berry by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,952,996 shares of the energy company’s stock valued at $8,067,000 after purchasing an additional 49,045 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Berry by 54.9% during the 4th quarter. Meeder Asset Management Inc. now owns 12,114 shares of the energy company’s stock valued at $50,000 after buying an additional 4,294 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Berry by 31.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,403,588 shares of the energy company’s stock worth $9,927,000 after buying an additional 571,812 shares during the last quarter. Cornercap Investment Counsel Inc. raised its position in Berry by 19.9% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 86,046 shares of the energy company’s stock valued at $355,000 after acquiring an additional 14,272 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Berry by 91.0% in the fourth quarter. JPMorgan Chase & Co. now owns 514,718 shares of the energy company’s stock valued at $2,126,000 after acquiring an additional 245,216 shares during the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Stock Performance

Shares of BRY opened at $2.37 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. Berry Co. has a 12 month low of $2.29 and a 12 month high of $8.88. The company’s fifty day moving average is $3.83 and its 200-day moving average is $4.37. The firm has a market cap of $183.00 million, a price-to-earnings ratio of 2.19 and a beta of 1.34.

Berry (NASDAQ:BRY) last posted its earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.09. The company had revenue of $167.06 million for the quarter, compared to analyst estimates of $173.00 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. Equities analysts expect that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a yield of 5.06%. Berry’s payout ratio is currently 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.