Berry Co. (NASDAQ:BRY) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in shares of Berry Co. (NASDAQ:BRY - Free Report) by 50.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 519,953 shares of the energy company's stock after selling 528,926 shares during the quarter. Bank of New York Mellon Corp owned 0.68% of Berry worth $2,147,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. South Dakota Investment Council grew its stake 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 worth $8,090,000 after purchasing an additional 781,562 shares in the last quarter. Ieq Capital LLC bought a new stake in Berry during the fourth quarter valued at $107,000. New York State Common Retirement Fund lifted its holdings in Berry by 59.7% in the fourth quarter. New York State Common Retirement Fund now owns 69,036 shares of the energy company's stock worth $285,000 after acquiring an additional 25,800 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Berry by 1.3% during 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 during the period. Finally, Empowered Funds LLC lifted its position in Berry by 5.1% in the 4th quarter. Empowered Funds LLC now owns 407,832 shares of the energy company's stock valued at $1,684,000 after purchasing an additional 19,820 shares during the last quarter. Institutional investors and hedge funds own 94.88% of the company's stock.

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Berry Stock Performance

Shares of BRY traded up $0.07 during mid-day trading on Tuesday, reaching $3.36. 894,951 shares of the company's stock traded hands, compared to its average volume of 1,080,669. Berry Co. has a 12 month low of $3.06 and a 12 month high of $8.88. The stock has a market capitalization of $259.45 million, a P/E ratio of 3.11 and a beta of 1.67. The business's 50-day moving average price is $4.15 and its 200-day moving average price is $4.51. 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 announced its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.09. Berry had a return on equity of 6.50% and a net margin of 9.40%. The company had revenue of $167.06 million during the quarter, compared to analyst estimates of $173.00 million. Equities analysts predict that Berry Co. will post 0.58 earnings per share for the current year.

Berry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 22nd will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Friday, March 21st. Berry's dividend payout ratio (DPR) is presently 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.