Berry Co. (NASDAQ:BRY) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in shares of Berry Co. (NASDAQ:BRY) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,119 shares of the energy company’s stock after selling 3,112 shares during the period. Nisa Investment Advisors LLC’s holdings in Berry were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in Berry by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 599,135 shares of the energy company’s stock valued at $6,183,000 after purchasing an additional 10,668 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Berry in the 1st quarter valued at $1,061,000. MetLife Investment Management LLC increased its holdings in Berry by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 36,618 shares of the energy company’s stock valued at $378,000 after purchasing an additional 13,057 shares in the last quarter. Rhumbline Advisers increased its holdings in Berry by 6.4% in the 1st quarter. Rhumbline Advisers now owns 101,052 shares of the energy company’s stock valued at $1,043,000 after purchasing an additional 6,115 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Berry by 41.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,554 shares of the energy company’s stock valued at $49,000 after purchasing an additional 1,338 shares in the last quarter. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Berry Stock Up 1.4 %

Shares of Berry stock opened at $8.41 on Friday. The business has a 50-day moving average of $7.61 and a 200-day moving average of $7.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $647.06 million, a PE ratio of 18.28 and a beta of 1.80. Berry Co. has a 1-year low of $6.22 and a 1-year high of $8.94.

Berry (NASDAQ:BRY) last announced its earnings results on Wednesday, March 6th. The energy company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.12). The business had revenue of $216.40 million for the quarter, compared to analyst estimates of $190.28 million. Berry had a net margin of 4.14% and a return on equity of 5.27%. The firm’s revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 earnings per share. As a group, equities analysts forecast that Berry Co. will post 0.87 EPS for the current fiscal year.

Berry Increases Dividend

The firm also recently announced a None dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 15th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Berry’s previous None dividend of $0.21. This represents a dividend yield of 6.7%. Berry’s dividend payout ratio (DPR) is currently 104.35%.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Berry from a “c” rating to a “b-” rating in a report on Friday, March 8th.

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.