Charles Schwab Investment Management Inc. decreased its holdings in shares of Berry Co. (NASDAQ:BRY - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,259,604 shares of the energy company's stock after selling 192,428 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.64% of Berry worth $5,202,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. R Squared Ltd purchased a new stake in shares of Berry during the fourth quarter valued at $29,000. McIlrath & Eck LLC acquired a new stake in shares of Berry during the third quarter worth approximately $47,000. Quarry LP grew its position in Berry by 390.6% during the third quarter. Quarry LP now owns 12,643 shares of the energy company's stock valued at $65,000 after purchasing an additional 10,066 shares in the last quarter. EMC Capital Management increased its stake in Berry by 149.7% in the 4th quarter. EMC Capital Management now owns 13,780 shares of the energy company's stock valued at $57,000 after buying an additional 8,261 shares during the period. Finally, Caprock Group LLC purchased a new stake in Berry in the 4th quarter worth approximately $70,000. 94.88% of the stock is currently owned by institutional investors.
Berry Stock Down 6.2 %
Shares of Berry stock traded down $0.21 on Friday, hitting $3.17. 645,016 shares of the company traded hands, compared to its average volume of 1,101,828. Berry Co. has a 12-month low of $3.06 and a 12-month high of $8.88. 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 market cap of $244.77 million, a PE ratio of 2.94 and a beta of 1.67. The company has a 50-day moving average price of $4.02 and a 200 day moving average price of $4.46.
Berry (NASDAQ:BRY - Get Free Report) last issued its earnings results on Wednesday, March 12th. The energy company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.09. The firm had revenue of $167.06 million for 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%. Sell-side analysts predict that Berry Co. will post 0.58 earnings per share for the current year.
Berry Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, March 21st. Berry's dividend payout ratio (DPR) is presently 48.00%.
Berry Profile
(
Free Report)
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.
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