Berry Co. (NASDAQ:BRY) Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of Berry Co. (NASDAQ:BRY - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,234,000 shares of the energy company's stock after selling 253,700 shares during the period. LSV Asset Management owned 1.60% of Berry worth $5,096,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BRY. Geode Capital Management LLC lifted its position in Berry by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,903,951 shares of the energy company's stock worth $9,788,000 after buying an additional 176,280 shares during the period. Barclays PLC lifted its holdings in shares of Berry by 155.2% during the 3rd quarter. Barclays PLC now owns 200,120 shares of the energy company's stock worth $1,029,000 after acquiring an additional 121,693 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Berry by 8.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 306,951 shares of the energy company's stock worth $1,578,000 after acquiring an additional 22,709 shares during the last quarter. American Century Companies Inc. grew its holdings in Berry by 11.4% in the fourth quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company's stock valued at $8,681,000 after purchasing an additional 214,580 shares during the period. Finally, New York State Common Retirement Fund increased its position in Berry by 59.7% during the fourth quarter. New York State Common Retirement Fund now owns 69,036 shares of the energy company's stock worth $285,000 after purchasing an additional 25,800 shares during the last quarter. Institutional investors and hedge funds own 94.88% of the company's stock.

Berry Trading Up 2.6 %

Shares of NASDAQ BRY traded up $0.06 during trading on Friday, hitting $2.40. 933,001 shares of the company traded hands, compared to its average volume of 1,134,961. The firm has a market capitalization of $185.32 million, a P/E ratio of 2.22 and a beta of 1.34. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $3.37 and a 200-day moving average price of $4.17. Berry Co. has a 1 year low of $2.11 and a 1 year high of $8.88.

Berry (NASDAQ:BRY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.09. The firm had revenue of $167.06 million during the quarter, compared to the consensus estimate of $173.00 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. On average, equities analysts predict that Berry Co. will post 0.58 EPS for the current year.

Berry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd were paid a dividend of $0.03 per share. The ex-dividend date was Friday, March 21st. This represents a $0.12 annualized dividend and a yield of 5.00%. Berry's dividend 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.