Berry Co. (NASDAQ:BRY) Shares Bought by Graham Capital Management L.P.

Graham Capital Management L.P. grew its stake in Berry Co. (NASDAQ:BRY) by 210.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 154,569 shares of the energy company’s stock after purchasing an additional 104,824 shares during the quarter. Graham Capital Management L.P. owned approximately 0.20% of Berry worth $638,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Barclays PLC raised its position in shares of Berry by 155.2% during the 3rd quarter. Barclays PLC now owns 200,120 shares of the energy company’s stock valued at $1,029,000 after acquiring an additional 121,693 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Berry by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 269,502 shares of the energy company’s stock worth $1,385,000 after purchasing an additional 4,686 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Berry by 29.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 102,185 shares of the energy company’s stock worth $422,000 after buying an additional 23,266 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Berry by 54.2% in the 4th quarter. SG Americas Securities LLC now owns 41,475 shares of the energy company’s stock valued at $171,000 after buying an additional 14,579 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Berry in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Price Performance

BRY opened at $2.98 on Thursday. 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’s 50-day moving average price is $2.82 and its 200 day moving average price is $3.82. Berry Co. has a fifty-two week low of $2.11 and a fifty-two week high of $7.33. The firm has a market cap of $231.24 million, a price-to-earnings ratio of 2.76 and a beta of 1.15.

Berry (NASDAQ:BRY) last posted its earnings results on Thursday, May 8th. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Berry had a return on equity of 6.50% and a net margin of 9.40%. The company had revenue of $182.65 million for the quarter, compared to analysts’ expectations of $177.00 million. As a group, sell-side analysts expect that Berry Co. will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, May 19th will be paid a $0.03 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 4.03%. Berry’s payout ratio is currently -25.53%.

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.