Price T Rowe Associates Inc. MD Has $117,000 Holdings in Berry Co. (NASDAQ:BRY)

Price T Rowe Associates Inc. MD boosted its stake in shares of Berry Co. (NASDAQ:BRY) by 15.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,183 shares of the energy company’s stock after purchasing an additional 3,714 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Berry were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BRY. South Dakota Investment Council grew its position 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 valued at $8,090,000 after purchasing an additional 781,562 shares in the last quarter. Susquehanna International Group LLP grew its position in Berry by 964.4% during the fourth quarter. Susquehanna International Group LLP now owns 835,592 shares of the energy company’s stock valued at $3,451,000 after purchasing an additional 757,087 shares in the last quarter. Vanguard Group Inc. grew its position in Berry by 12.2% during 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. Arrowstreet Capital Limited Partnership grew its position in Berry by 31.2% during 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 in the last quarter. Finally, Marshall Wace LLP purchased a new position in Berry during the fourth quarter valued at approximately $2,148,000. 94.88% of the stock is owned by hedge funds and other institutional investors.

Berry Stock Performance

Shares of BRY opened at $2.75 on Friday. The company’s 50 day moving average price is $2.79 and its 200 day moving average price is $3.78. Berry Co. has a 52 week low of $2.11 and a 52 week high of $7.33. The company has a market capitalization of $213.39 million, a PE ratio of 2.55 and a beta of 1.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80.

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

Berry Announces Dividend

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

Berry Company 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.