Victory Capital Management Inc. Has $2.21 Million Stock Position in Berry Co. (NASDAQ:BRY)

Victory Capital Management Inc. increased its stake in Berry Co. (NASDAQ:BRY - Free Report) by 38.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 534,043 shares of the energy company's stock after purchasing an additional 147,757 shares during the period. Victory Capital Management Inc. owned 0.69% of Berry worth $2,206,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. South Dakota Investment Council boosted its stake 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 valued at $8,090,000 after purchasing an additional 781,562 shares during the last quarter. Ieq Capital LLC bought a new position in Berry in the fourth quarter valued at approximately $107,000. New York State Common Retirement Fund grew its holdings in Berry by 59.7% during 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 period. Allspring Global Investments Holdings LLC raised its position in shares of 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 acquiring an additional 35,728 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Berry by 5.1% in the 4th quarter. Empowered Funds LLC now owns 407,832 shares of the energy company's stock worth $1,684,000 after purchasing an additional 19,820 shares during the last quarter. 94.88% of the stock is currently owned by institutional investors.

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Berry Trading Down 3.0 %

Shares of Berry stock traded down $0.11 during trading on Friday, reaching $3.36. 884,703 shares of the company were exchanged, compared to its average volume of 1,084,732. Berry Co. has a twelve month low of $3.06 and a twelve month high of $8.88. The business has a 50-day moving average price of $4.21 and a 200-day moving average price of $4.57. 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 firm has a market capitalization of $258.13 million, a price-to-earnings ratio of 3.11 and a beta of 1.67.

Berry (NASDAQ:BRY - Get Free Report) last announced its quarterly 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 company had revenue of $167.06 million during the quarter, compared to analysts' expectations of $173.00 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. Sell-side analysts anticipate that Berry Co. will post 0.58 EPS for the current fiscal 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 given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, March 21st. Berry's dividend payout ratio is 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.