Thrivent Financial for Lutherans Purchases New Stake in Berry Co. (NASDAQ:BRY)

Thrivent Financial for Lutherans purchased a new position in Berry Co. (NASDAQ:BRY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 176,812 shares of the energy company's stock, valued at approximately $730,000. Thrivent Financial for Lutherans owned 0.23% of Berry as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in BRY. South Dakota Investment Council lifted its holdings in shares of Berry by 66.4% during the 4th quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company's stock worth $8,090,000 after acquiring an additional 781,562 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Berry by 1,012.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 478,815 shares of the energy company's stock worth $1,978,000 after purchasing an additional 435,758 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Berry by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,903,951 shares of the energy company's stock valued at $9,788,000 after purchasing an additional 176,280 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Berry by 38.3% during the 4th quarter. Victory Capital Management Inc. now owns 534,043 shares of the energy company's stock valued at $2,206,000 after buying an additional 147,757 shares in the last quarter. Finally, Barclays PLC lifted its position in Berry by 155.2% in the 3rd quarter. Barclays PLC now owns 200,120 shares of the energy company's stock worth $1,029,000 after buying an additional 121,693 shares during the last quarter. Institutional investors own 94.88% of the company's stock.

Berry Price Performance

NASDAQ BRY traded up $0.05 on Monday, reaching $2.42. 1,415,424 shares of the company's stock traded hands, compared to its average volume of 1,109,718. The stock has a market cap of $186.86 million, a PE ratio of 2.24 and a beta of 1.34. Berry Co. has a 12 month low of $2.29 and a 12 month high of $8.88. The stock has a 50-day simple moving average of $3.78 and a 200 day simple moving average of $4.35. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80.

Berry (NASDAQ:BRY - Get Free Report) last released its earnings results on Wednesday, March 12th. The energy company reported $0.21 EPS 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 net margin of 9.40% and a return on equity of 6.50%. As a group, research analysts predict that Berry Co. will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Friday, March 21st. Berry's dividend payout ratio is presently 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.