Berry Co. (NASDAQ:BRY) Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its position in shares of Berry Co. (NASDAQ:BRY) by 14.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,502 shares of the energy company’s stock after purchasing an additional 14,317 shares during the period. Wedge Capital Management L L P NC owned approximately 0.15% of Berry worth $374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its holdings in Berry by 5.1% in the 4th quarter. Empowered Funds LLC now owns 407,832 shares of the energy company’s stock worth $1,684,000 after buying an additional 19,820 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Berry by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,729,339 shares of the energy company’s stock valued at $11,682,000 after purchasing an additional 35,728 shares during the last quarter. New York State Common Retirement Fund grew its stake in 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 valued at $285,000 after purchasing an additional 25,800 shares in the last quarter. Ieq Capital LLC purchased a new stake in Berry during the 4th quarter worth approximately $107,000. Finally, South Dakota Investment Council raised its position in shares of Berry by 66.4% in the 4th 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. 94.88% of the stock is currently owned by hedge funds and other institutional investors.

Berry Stock Performance

Shares of Berry stock opened at $2.85 on Thursday. 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 $7.02. The firm’s 50-day simple moving average is $2.54 and its 200-day simple moving average is $3.53. The firm has a market cap of $221.15 million, a PE ratio of 2.64 and a beta of 1.07.

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

Berry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 19th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.21%. Berry’s dividend payout ratio (DPR) is -25.53%.

Analyst Upgrades and Downgrades

Separately, Johnson Rice raised shares of Berry from an “accumulate” rating to a “buy” rating in a research report on Wednesday, May 21st.

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.