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

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Berry Co. (NASDAQ:BRY) by 1,012.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478,815 shares of the energy company’s stock after acquiring an additional 435,758 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.62% of Berry worth $1,978,000 at the end of the most recent quarter.

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

Berry Price Performance

BRY stock opened at $3.41 on Wednesday. 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’s fifty day simple moving average is $4.25 and its 200 day simple moving average is $4.58. Berry Co. has a 12-month low of $3.06 and a 12-month high of $8.88. The firm has a market cap of $262.36 million, a price-to-earnings ratio of 3.16 and a beta of 1.67.

Berry (NASDAQ:BRY) last announced its earnings results on Wednesday, March 12th. The energy company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09. Berry had a return on equity of 6.50% and a net margin of 9.40%. The company had revenue of $167.06 million for the quarter, compared to analyst estimates of $173.00 million. On average, analysts expect that Berry Co. will post 0.58 earnings per share 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 of this dividend is Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.52%. 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.