Quantbot Technologies LP Makes New $159,000 Investment in Berry Co. (NASDAQ:BRY)

Quantbot Technologies LP purchased a new stake in Berry Co. (NASDAQ:BRY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 38,468 shares of the energy company’s stock, valued at approximately $159,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. South Dakota Investment Council boosted its stake in shares of Berry by 66.4% during the 4th quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company’s stock worth $8,090,000 after buying an additional 781,562 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Berry by 1,012.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 478,815 shares of the energy company’s stock valued at $1,978,000 after purchasing an additional 435,758 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Berry during the 4th quarter worth approximately $730,000. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 176,280 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Berry by 38.3% in the 4th quarter. Victory Capital Management Inc. now owns 534,043 shares of the energy company’s stock valued at $2,206,000 after buying an additional 147,757 shares during the last quarter. 94.88% of the stock is owned by institutional investors and hedge funds.

Berry Price Performance

Shares of BRY opened at $3.17 on Monday. 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 company’s fifty day simple moving average is $4.02 and its 200 day simple moving average is $4.46. Berry Co. has a 1-year low of $3.06 and a 1-year high of $8.88. The company has a market cap of $244.77 million, a price-to-earnings ratio of 2.94 and a beta of 1.67.

Berry (NASDAQ:BRY) last issued its earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.09. The company had revenue of $167.06 million for 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, research analysts forecast that Berry Co. will post 0.58 earnings per share for the current fiscal year.

Berry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, March 21st. Berry’s payout ratio is presently 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.