Charles Schwab Investment Management Inc. Has $5.20 Million Stock Position in Berry Co. (NASDAQ:BRY)

Charles Schwab Investment Management Inc. cut its holdings in Berry Co. (NASDAQ:BRY) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,259,604 shares of the energy company’s stock after selling 192,428 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Berry were worth $5,202,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in Berry by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,903,951 shares of the energy company’s stock worth $9,788,000 after buying an additional 176,280 shares in the last quarter. Barclays PLC raised its holdings in Berry by 155.2% during the third quarter. Barclays PLC now owns 200,120 shares of the energy company’s stock worth $1,029,000 after acquiring an additional 121,693 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Berry by 8.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 306,951 shares of the energy company’s stock valued at $1,578,000 after purchasing an additional 22,709 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Berry in the third quarter valued at approximately $264,000. Finally, New York State Common Retirement Fund increased 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 purchasing an additional 25,800 shares during the last quarter. Institutional investors own 94.88% of the company’s stock.

Berry Trading Up 2.1 %

NASDAQ BRY opened at $3.36 on Wednesday. Berry Co. has a 12 month low of $3.06 and a 12 month high of $8.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $4.12 and a 200-day moving average of $4.50. The company has a market cap of $259.45 million, a PE ratio of 3.11 and a beta of 1.67.

Berry (NASDAQ:BRY) last announced its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.09. The firm had revenue of $167.06 million during the quarter, compared to analysts’ expectations of $173.00 million. Berry had a net margin of 9.40% and a return on equity of 6.50%. On average, equities research analysts anticipate that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd will be paid a $0.03 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.12 annualized dividend and a yield of 3.57%. Berry’s dividend payout ratio is 48.00%.

About Berry

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.