Berry Co. (NASDAQ:BRY) Shares Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC raised its stake in Berry Co. (NASDAQ:BRY) by 43.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,268 shares of the energy company’s stock after buying an additional 41,898 shares during the quarter. Nebula Research & Development LLC owned about 0.18% of Berry worth $575,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Berry by 12.2% during the fourth quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company’s stock worth $24,698,000 after purchasing an additional 652,416 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Berry by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,729,339 shares of the energy company’s stock valued at $11,682,000 after buying an additional 35,728 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 buying an additional 571,812 shares during the last quarter. American Century Companies Inc. raised its holdings in Berry by 11.4% during the fourth quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company’s stock worth $8,681,000 after purchasing an additional 214,580 shares in the last quarter. Finally, South Dakota Investment Council raised its holdings in Berry by 66.4% during the fourth quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company’s stock worth $8,090,000 after purchasing an additional 781,562 shares in the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Berry Trading Up 2.0 %

Shares of Berry stock opened at $2.61 on Tuesday. Berry Co. has a 12-month low of $2.11 and a 12-month high of $8.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a market cap of $202.53 million, a PE ratio of 2.42 and a beta of 1.34. The company has a 50-day moving average of $3.11 and a two-hundred day moving average of $4.01.

Berry (NASDAQ:BRY) last released its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd were paid a $0.03 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.12 annualized dividend and a yield of 4.60%. Berry’s payout ratio is currently 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.