Connor Clark & Lunn Investment Management Ltd. Purchases 435,758 Shares of Berry Co. (NASDAQ:BRY)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Berry Co. (NASDAQ:BRY) by 1,012.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,815 shares of the energy company’s stock after purchasing an additional 435,758 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Berry were worth $1,978,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Berry in the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new stake in shares of Berry in the 3rd quarter worth $47,000. EMC Capital Management raised 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 purchasing an additional 8,261 shares during the last quarter. Quarry LP boosted its holdings in Berry by 390.6% during the third 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 last quarter. Finally, Caprock Group LLC bought a new stake in Berry in the 4th quarter worth about $70,000. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Price Performance

Berry stock opened at $3.41 on Wednesday. Berry Co. has a 52 week low of $3.06 and a 52 week high of $8.88. The company’s 50 day moving average price is $4.25 and its two-hundred day moving average price is $4.58. The stock has a market cap of $262.36 million, a P/E ratio of 3.16 and a beta of 1.67. 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 (NASDAQ:BRY) last issued its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. Berry had a return on equity of 6.50% and a net margin of 9.40%. The business had revenue of $167.06 million for the quarter, compared to analyst estimates of $173.00 million. On average, equities analysts predict that Berry Co. will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Friday, March 21st. Berry’s payout ratio is 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.