Geode Capital Management LLC Acquires 49,045 Shares of Berry Co. (NASDAQ:BRY)

Geode Capital Management LLC boosted its stake in shares of Berry Co. (NASDAQ:BRY) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,952,996 shares of the energy company’s stock after acquiring an additional 49,045 shares during the quarter. Geode Capital Management LLC owned approximately 2.54% of Berry worth $8,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRY. Vanguard Group Inc. increased its holdings in shares of Berry by 12.2% in the fourth quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company’s stock valued at $24,698,000 after purchasing an additional 652,416 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Berry by 1.3% in the 4th 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 increased its stake in shares of Berry by 31.2% in the 4th 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 period. American Century Companies Inc. raised its position in shares of 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 acquiring an additional 214,580 shares during the last quarter. Finally, South Dakota Investment Council boosted its holdings in 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 acquiring an additional 781,562 shares during the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Stock Performance

Shares of NASDAQ:BRY opened at $2.45 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Berry Co. has a 1-year low of $2.11 and a 1-year high of $8.88. The stock has a market capitalization of $189.18 million, a P/E ratio of 2.27 and a beta of 1.34. The business has a 50-day moving average price of $3.18 and a two-hundred day moving average price of $4.07.

Berry (NASDAQ:BRY) last announced its quarterly earnings data on Wednesday, March 12th. The energy company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.09. Berry had a net margin of 9.40% and a return on equity of 6.50%. The business had revenue of $167.06 million for the quarter, compared to analyst estimates of $173.00 million. Equities analysts predict that Berry Co. will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The business also recently disclosed 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 was Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a yield of 4.90%. Berry’s dividend payout ratio is presently 48.00%.

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.