Virtus Fund Advisers LLC Invests $56,000 in Berry Co. (NASDAQ:BRY)

Virtus Fund Advisers LLC bought a new stake in Berry Co. (NASDAQ:BRY) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 13,643 shares of the energy company’s stock, valued at approximately $56,000.

Other large investors also recently bought and sold shares of the company. South Dakota Investment Council lifted its stake in shares of Berry by 66.4% in the fourth 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 period. Susquehanna International Group LLP raised its holdings in Berry by 964.4% in the 4th quarter. Susquehanna International Group LLP now owns 835,592 shares of the energy company’s stock valued at $3,451,000 after acquiring an additional 757,087 shares during the last quarter. Vanguard Group Inc. boosted its stake in Berry by 12.2% in the 4th quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company’s stock worth $24,698,000 after buying an additional 652,416 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Berry by 31.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,403,588 shares of the energy company’s stock valued at $9,927,000 after purchasing an additional 571,812 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Berry by 94.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,148,446 shares of the energy company’s stock worth $4,743,000 after buying an additional 557,842 shares during the period. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Price Performance

Shares of NASDAQ BRY opened at $2.75 on Monday. The company has a market capitalization of $213.39 million, a price-to-earnings ratio of 2.55 and a beta of 1.15. 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 1-year low of $2.11 and a 1-year high of $7.33. The business has a 50-day moving average of $2.79 and a 200-day moving average of $3.77.

Berry (NASDAQ:BRY) last released its earnings results on Thursday, May 8th. The energy company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $182.65 million during the quarter, compared to analysts’ expectations of $177.00 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. On average, equities analysts anticipate that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, May 19th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 4.36%. The ex-dividend date is Monday, May 19th. Berry’s dividend payout ratio (DPR) is -25.53%.

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.