Berry Co. (NASDAQ:BRY) Stock Holdings Increased by Comerica Bank

Comerica Bank lifted its position in Berry Co. (NASDAQ:BRY) by 30.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,223 shares of the energy company’s stock after acquiring an additional 7,219 shares during the quarter. Comerica Bank’s holdings in Berry were worth $129,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Berry by 12.2% in the fourth quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company’s stock worth $24,698,000 after acquiring an additional 652,416 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Berry by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,729,339 shares of the energy company’s stock worth $11,682,000 after purchasing an additional 35,728 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings 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 worth $9,927,000 after purchasing an additional 571,812 shares during the last quarter. American Century Companies Inc. boosted its position in Berry by 11.4% during the 4th quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company’s stock valued at $8,681,000 after purchasing an additional 214,580 shares during the period. Finally, South Dakota Investment Council grew its stake in Berry by 66.4% during the 4th quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company’s stock worth $8,090,000 after buying 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

BRY stock opened at $2.75 on Monday. The stock’s fifty day moving average is $2.79 and its two-hundred day moving average is $3.77. The stock has a market capitalization of $213.39 million, a price-to-earnings 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 Co. has a 1 year low of $2.11 and a 1 year high of $7.33.

Berry (NASDAQ:BRY) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Berry had a net margin of 9.40% and a return on equity of 6.50%. The firm had revenue of $182.65 million for the quarter, compared to the consensus estimate of $177.00 million. On average, research analysts predict that Berry Co. will post 0.58 EPS for the current year.

Berry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 19th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 4.36%. The ex-dividend date is Monday, May 19th. Berry’s dividend payout ratio is currently -25.53%.

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.