Aristides Capital LLC Invests $212,000 in Berry Co. (NASDAQ:BRY)

Aristides Capital LLC purchased a new position in Berry Co. (NASDAQ:BRY) during the fourth quarter, HoldingsChannel reports. The firm purchased 51,400 shares of the energy company’s stock, valued at approximately $212,000.

Several other institutional investors also recently added to or reduced their stakes in BRY. Vanguard Group Inc. boosted 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 valued at $24,698,000 after buying an additional 652,416 shares during the period. State Street Corp boosted its holdings in shares of Berry by 0.8% in the third quarter. State Street Corp now owns 3,001,229 shares of the energy company’s stock valued at $15,426,000 after purchasing an additional 25,108 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Berry by 1.3% in the fourth 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 increased its holdings in Berry by 31.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,403,588 shares of the energy company’s stock worth $9,927,000 after purchasing an additional 571,812 shares during the period. Finally, American Century Companies Inc. raised its position in Berry by 11.4% during the 4th quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company’s stock valued at $8,681,000 after purchasing an additional 214,580 shares in the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Berry Price Performance

Shares of BRY stock opened at $2.37 on Monday. Berry Co. has a twelve month low of $2.29 and a twelve month high of $8.88. 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 fifty day simple moving average of $3.83 and a two-hundred day simple moving average of $4.37. The stock has a market capitalization of $183.00 million, a price-to-earnings ratio of 2.19 and a beta of 1.34.

Berry (NASDAQ:BRY) last released its quarterly earnings data on Wednesday, March 12th. The energy company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The company had revenue of $167.06 million during the quarter, compared to analyst estimates of $173.00 million. Berry had a net margin of 9.40% and a return on equity of 6.50%. On average, analysts predict that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend was Friday, March 21st. Berry’s payout ratio is 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.