Quantbot Technologies LP Takes $159,000 Position in Berry Co. (NASDAQ:BRY)

Quantbot Technologies LP purchased a new position in shares of Berry Co. (NASDAQ:BRY) during the 4th quarter, Holdings Channel.com reports. The firm purchased 38,468 shares of the energy company’s stock, valued at approximately $159,000.

A number of other hedge funds have also added to or reduced their stakes in BRY. R Squared Ltd bought a new stake in shares of Berry during the fourth quarter worth $29,000. McIlrath & Eck LLC acquired a new stake in Berry during the 3rd quarter valued at approximately $47,000. EMC Capital Management raised its holdings in Berry by 149.7% during the 4th quarter. EMC Capital Management now owns 13,780 shares of the energy company’s stock worth $57,000 after purchasing an additional 8,261 shares during the last quarter. Quarry LP lifted its position in shares of Berry by 390.6% in the 3rd quarter. Quarry LP now owns 12,643 shares of the energy company’s stock worth $65,000 after purchasing an additional 10,066 shares during the period. Finally, Caprock Group LLC bought a new stake in shares of Berry in the 4th quarter valued at $70,000. 94.88% of the stock is owned by institutional investors.

Berry Price Performance

Shares of NASDAQ BRY opened at $3.17 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $244.77 million, a PE ratio of 2.94 and a beta of 1.67. The firm has a fifty day simple moving average of $4.02 and a 200 day simple moving average of $4.46. Berry Co. has a twelve month low of $3.06 and a twelve month high of $8.88.

Berry (NASDAQ:BRY) last released its earnings results on Wednesday, March 12th. The energy company reported $0.21 EPS for the quarter, topping the consensus estimate 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%. On average, sell-side analysts forecast that Berry Co. will post 0.58 EPS for the current year.

Berry Dividend Announcement

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