MetLife Investment Management LLC Has $146,000 Position in Berry Co. (NASDAQ:BRY)

MetLife Investment Management LLC cut its stake in Berry Co. (NASDAQ:BRY) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,363 shares of the energy company’s stock after selling 6,679 shares during the period. MetLife Investment Management LLC’s holdings in Berry were worth $146,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its stake in Berry by 155.2% in the third quarter. Barclays PLC now owns 200,120 shares of the energy company’s stock valued at $1,029,000 after purchasing an additional 121,693 shares in the last quarter. American Century Companies Inc. raised its position in shares of Berry by 11.4% in 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 buying an additional 214,580 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Berry by 91.0% during the 4th quarter. JPMorgan Chase & Co. now owns 514,718 shares of the energy company’s stock worth $2,126,000 after acquiring an additional 245,216 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Berry by 59.7% during the 4th quarter. New York State Common Retirement Fund now owns 69,036 shares of the energy company’s stock worth $285,000 after acquiring an additional 25,800 shares in the last quarter. Finally, South Dakota Investment Council increased its stake 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. 94.88% of the stock is currently owned by institutional investors.

Berry Stock Up 17.3 %

NASDAQ BRY opened at $2.82 on Friday. Berry Co. has a fifty-two week low of $2.11 and a fifty-two week high of $7.81. The business has a fifty day moving average price of $2.86 and a two-hundred day moving average price of $3.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $218.43 million, a PE ratio of 2.61 and a beta of 1.15.

Berry (NASDAQ:BRY) last released its earnings results on Thursday, May 8th. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Berry had a net margin of 9.40% and a return on equity of 6.50%. Equities analysts expect that Berry Co. will post 0.58 earnings per share for the current fiscal 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 paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 4.26%. The ex-dividend date was Friday, March 21st. Berry’s payout ratio is 48.00%.

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.