Integrated Quantitative Investments LLC Takes $211,000 Position in Berry Co. (NASDAQ:BRY)

Integrated Quantitative Investments LLC bought a new stake in Berry Co. (NASDAQ:BRY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,100 shares of the energy company’s stock, valued at approximately $211,000. Integrated Quantitative Investments LLC owned 0.07% of Berry as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. RPO LLC bought a new position in shares of Berry during the fourth quarter valued at $62,000. ExodusPoint Capital Management LP increased its position in shares of Berry by 13.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 156,273 shares of the energy company’s stock worth $645,000 after purchasing an additional 18,921 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Berry by 10.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 395,396 shares of the energy company’s stock valued at $1,633,000 after purchasing an additional 37,671 shares during the last quarter. Trexquant Investment LP boosted its position in Berry by 13.3% in the fourth quarter. Trexquant Investment LP now owns 708,542 shares of the energy company’s stock valued at $2,926,000 after buying an additional 83,368 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Berry by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,952,996 shares of the energy company’s stock worth $8,067,000 after buying an additional 49,045 shares during the last quarter. Institutional investors own 94.88% of the company’s stock.

Berry Stock Performance

NASDAQ:BRY opened at $2.37 on Friday. The stock has a market capitalization of $183.00 million, a P/E ratio of 2.19 and a beta of 1.67. Berry Co. has a 1 year low of $2.29 and a 1 year high of $8.88. The firm has a 50 day moving average of $3.83 and a 200-day moving average of $4.38. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54.

Berry (NASDAQ:BRY) last announced its earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share for the quarter, beating 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. As a group, sell-side analysts anticipate that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend was Friday, March 21st. 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.