Charles Schwab Investment Management Inc. Sells 192,428 Shares of Berry Co. (NASDAQ:BRY)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Berry Co. (NASDAQ:BRY) by 13.3% in the 4th quarter, according to its most recent 13F filing with the SEC. 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. owned approximately 1.64% of Berry worth $5,202,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in Berry during the third quarter valued at approximately $126,000. Massachusetts Financial Services Co. MA boosted its position in shares of Berry by 34.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 357,725 shares of the energy company’s stock worth $1,839,000 after purchasing an additional 91,642 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Berry in the 3rd quarter valued at $264,000. FMR LLC increased its position in shares of Berry by 40.9% in the 3rd quarter. FMR LLC now owns 17,606 shares of the energy company’s stock valued at $90,000 after buying an additional 5,115 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Berry by 78.7% during the third quarter. BNP Paribas Financial Markets now owns 35,769 shares of the energy company’s stock worth $184,000 after acquiring an additional 15,753 shares in the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Stock Up 2.1 %

NASDAQ:BRY opened at $3.36 on Wednesday. The stock has a market cap of $259.45 million, a price-to-earnings ratio of 3.11 and a beta of 1.67. 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 price of $4.12 and a two-hundred day moving average price of $4.50. Berry Co. has a 1 year low of $3.06 and a 1 year high of $8.88.

Berry (NASDAQ:BRY) last posted its earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The business had revenue of $167.06 million during the quarter, compared to analysts’ expectations of $173.00 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. As a group, equities analysts expect that Berry Co. will post 0.58 earnings per share for the current year.

Berry Announces Dividend

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

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.