Arrowstreet Capital Limited Partnership Buys 571,812 Shares of Berry Co. (NASDAQ:BRY)

Arrowstreet Capital Limited Partnership boosted its stake in shares of Berry Co. (NASDAQ:BRY - Free Report) by 31.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,403,588 shares of the energy company's stock after purchasing an additional 571,812 shares during the period. Arrowstreet Capital Limited Partnership owned about 3.12% of Berry worth $9,927,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Berry in the fourth quarter valued at about $29,000. McIlrath & Eck LLC purchased a new position in shares of Berry in the third quarter valued at about $47,000. EMC Capital Management lifted its position in shares of Berry by 149.7% in the fourth quarter. EMC Capital Management now owns 13,780 shares of the energy company's stock valued at $57,000 after acquiring an additional 8,261 shares in the last quarter. Quarry LP lifted its position in shares of Berry by 390.6% in the third quarter. Quarry LP now owns 12,643 shares of the energy company's stock valued at $65,000 after acquiring an additional 10,066 shares in the last quarter. Finally, AXQ Capital LP purchased a new position in shares of Berry in the fourth quarter valued at about $65,000. 94.88% of the stock is currently owned by hedge funds and other institutional investors.

Berry Price Performance

Shares of Berry stock traded down $0.28 during trading hours on Thursday, hitting $2.30. The company's stock had a trading volume of 293,568 shares, compared to its average volume of 1,016,141. The business has a 50 day moving average price of $3.61 and a two-hundred day moving average price of $4.28. Berry Co. has a 12-month low of $2.11 and a 12-month high of $8.88. The company has a market cap of $177.60 million, a PE ratio of 2.13 and a beta of 1.34. 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 issued its earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.09. Berry had a return on equity of 6.50% and a net margin of 9.40%. The firm had revenue of $167.06 million for the quarter, compared to analysts' expectations of $173.00 million. Analysts expect that Berry Co. will post 0.58 earnings per share for the current fiscal year.

Berry Dividend Announcement

The company 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 was Friday, March 21st. This represents a $0.12 annualized dividend and a dividend yield of 5.22%. Berry's dividend payout ratio (DPR) is 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.