Virtus Fund Advisers LLC Invests $56,000 in Berry Co. (NASDAQ:BRY)

Virtus Fund Advisers LLC purchased a new stake in Berry Co. (NASDAQ:BRY) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 13,643 shares of the energy company’s stock, valued at approximately $56,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Berry by 12.2% in the 4th quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company’s stock worth $24,698,000 after buying an additional 652,416 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its stake 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 valued at $9,927,000 after buying an additional 571,812 shares in the last quarter. American Century Companies Inc. raised its position in Berry by 11.4% during the fourth quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company’s stock valued at $8,681,000 after acquiring an additional 214,580 shares in the last quarter. Finally, South Dakota Investment Council grew its position 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 worth $8,090,000 after acquiring an additional 781,562 shares in the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Stock Down 1.8%

BRY stock opened at $2.75 on Monday. The firm has a market cap of $213.39 million, a PE ratio of 2.55 and a beta of 1.15. Berry Co. has a 1 year low of $2.11 and a 1 year high of $7.33. The company has a fifty day simple moving average of $2.79 and a 200 day simple moving average of $3.77. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54.

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 analysts’ consensus estimates of $0.10 by $0.02. Berry had a return on equity of 6.50% and a net margin of 9.40%. The business had revenue of $182.65 million for the quarter, compared to the consensus estimate of $177.00 million. Sell-side analysts anticipate that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 19th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 4.36%. Berry’s dividend payout ratio (DPR) is presently -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.