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

Graham Capital Management L.P. lifted its stake in Berry Co. (NASDAQ:BRY) by 210.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,569 shares of the energy company’s stock after acquiring an additional 104,824 shares during the period. Graham Capital Management L.P.’s holdings in Berry were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BRY. R Squared Ltd acquired a new position in shares of Berry in the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. grew its position in Berry by 54.9% in the fourth quarter. Meeder Asset Management Inc. now owns 12,114 shares of the energy company’s stock worth $50,000 after buying an additional 4,294 shares during the last quarter. EMC Capital Management increased its holdings in shares of Berry by 149.7% in the fourth quarter. EMC Capital Management now owns 13,780 shares of the energy company’s stock valued at $57,000 after buying an additional 8,261 shares in the last quarter. RPO LLC acquired a new stake in shares of Berry during the 4th quarter valued at $62,000. Finally, AXQ Capital LP acquired a new stake in shares of Berry during the 4th quarter valued at $65,000. 94.88% of the stock is currently owned by institutional investors.

Berry Stock Performance

Shares of NASDAQ BRY opened at $2.98 on Thursday. The stock’s fifty day simple moving average is $2.82 and its 200 day simple moving average is $3.82. The stock has a market capitalization of $231.24 million, a price-to-earnings ratio of 2.76 and a beta of 1.15. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. Berry Co. has a 52-week low of $2.11 and a 52-week high of $7.33.

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

Berry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.03%. Berry’s dividend payout ratio is currently -25.53%.

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.