Zurcher Kantonalbank Zurich Cantonalbank Has $145,000 Position in Berry Co. (NASDAQ:BRY)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Berry Co. (NASDAQ:BRY) by 17.7% during the fourth quarter, Holdings Channel reports. The fund owned 20,572 shares of the energy company’s stock after buying an additional 3,089 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Berry were worth $145,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BRY. SG Americas Securities LLC acquired a new position in shares of Berry during the 3rd quarter valued at $269,000. New York State Teachers Retirement System acquired a new position in shares of Berry during the 3rd quarter valued at $56,000. Mackenzie Financial Corp increased its stake in Berry by 68.7% during the 3rd quarter. Mackenzie Financial Corp now owns 17,244 shares of the energy company’s stock valued at $136,000 after purchasing an additional 7,022 shares in the last quarter. Cheyne Capital Management UK LLP bought a new stake in Berry during the 3rd quarter valued at $254,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Berry by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,662,316 shares of the energy company’s stock valued at $21,831,000 after purchasing an additional 7,404 shares in the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Stock Performance

Shares of BRY stock opened at $7.70 on Thursday. The firm has a market capitalization of $592.43 million, a PE ratio of 770.00 and a beta of 1.77. The firm has a fifty day simple moving average of $7.98 and a two-hundred day simple moving average of $7.37. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65. Berry Co. has a 12 month low of $6.22 and a 12 month high of $8.94.

Berry (NASDAQ:BRY) last posted its earnings results on Wednesday, May 1st. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Berry had a return on equity of 6.15% and a net margin of 0.41%. The firm had revenue of $202.31 million during the quarter, compared to the consensus estimate of $182.65 million. During the same quarter in the previous year, the company earned $0.07 EPS. The business’s revenue was down 6.5% compared to the same quarter last year. Analysts forecast that Berry Co. will post 0.89 EPS for the current fiscal year.

Berry Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 15th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 6.23%. Berry’s payout ratio is 4,800.00%.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Berry from a “c” rating to a “b-” rating in a research note on Friday, March 8th.

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.