Berry Co. (NASDAQ:BRY) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its position in Berry Co. (NASDAQ:BRY - Free Report) by 1,012.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 478,815 shares of the energy company's stock after buying an additional 435,758 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.62% of Berry worth $1,978,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Aigen Investment Management LP purchased a new stake in shares of Berry in the 4th quarter valued at approximately $94,000. Victory Capital Management Inc. lifted its holdings in shares of Berry by 38.3% in the 4th quarter. Victory Capital Management Inc. now owns 534,043 shares of the energy company's stock worth $2,206,000 after acquiring an additional 147,757 shares during the last quarter. South Dakota Investment Council lifted its holdings in shares of Berry by 66.4% in 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. Ieq Capital LLC acquired a new position in shares of Berry in the 4th quarter worth approximately $107,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Berry by 59.7% in the 4th 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. Hedge funds and other institutional investors own 94.88% of the company's stock.

Berry Trading Down 4.3 %

Shares of BRY stock traded down $0.15 during trading hours on Friday, hitting $3.34. The company had a trading volume of 2,520,012 shares, compared to its average volume of 1,082,592. The company's fifty day moving average is $4.18 and its 200 day moving average is $4.55. 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 Co. has a fifty-two week low of $3.06 and a fifty-two week high of $8.88. The stock has a market capitalization of $257.90 million, a PE ratio of 3.09 and a beta of 1.67.

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Berry (NASDAQ:BRY - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The energy company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.12 by $0.09. Berry had a net margin of 9.40% and a return on equity of 6.50%. The firm had revenue of $167.06 million for the quarter, compared to analyst estimates of $173.00 million. Research analysts expect that Berry Co. will post 0.58 earnings per share for the current fiscal 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 issued a dividend of $0.03 per share. The ex-dividend date is Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a yield of 3.59%. Berry's dividend payout ratio (DPR) 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.