Meeder Asset Management Inc. Increases Stock Holdings in Berry Co. (NASDAQ:BRY)

Meeder Asset Management Inc. grew its holdings in shares of Berry Co. (NASDAQ:BRY) by 54.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,114 shares of the energy company’s stock after purchasing an additional 4,294 shares during the quarter. Meeder Asset Management Inc.’s holdings in Berry were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BRY. ClearAlpha Technologies LP grew its holdings in Berry by 7.8% during the third quarter. ClearAlpha Technologies LP now owns 55,516 shares of the energy company’s stock valued at $285,000 after purchasing an additional 3,998 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Berry by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 269,502 shares of the energy company’s stock valued at $1,385,000 after acquiring an additional 4,686 shares during the period. FMR LLC grew its stake in shares of Berry by 40.9% during the 3rd quarter. FMR LLC now owns 17,606 shares of the energy company’s stock valued at $90,000 after acquiring an additional 5,115 shares during the period. R Squared Ltd bought a new stake in Berry during the 4th quarter worth approximately $29,000. Finally, EMC Capital Management lifted its holdings in Berry by 149.7% during the fourth quarter. EMC Capital Management now owns 13,780 shares of the energy company’s stock valued at $57,000 after purchasing an additional 8,261 shares in the last quarter. Institutional investors own 94.88% of the company’s stock.

Berry Stock Performance

BRY opened at $3.19 on Wednesday. The firm has a market cap of $246.32 million, a P/E ratio of 2.95 and a beta of 1.67. Berry Co. has a 1-year low of $3.06 and a 1-year high of $8.88. The company has a 50 day simple moving average of $3.95 and a two-hundred day simple moving average of $4.43. 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 (NASDAQ:BRY) last issued its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping 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 business had revenue of $167.06 million during the quarter, compared to analyst estimates of $173.00 million. Equities analysts forecast that Berry Co. will post 0.58 earnings per share for the current fiscal year.

Berry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a yield of 3.76%. Berry’s dividend payout ratio 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.