Rpo LLC Takes $62,000 Position in Berry Co. (NASDAQ:BRY)

Rpo LLC purchased a new position in Berry Co. (NASDAQ:BRY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,906 shares of the energy company’s stock, valued at approximately $62,000. Berry comprises 0.1% of Rpo LLC’s holdings, making the stock its 23rd largest holding.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Berry in the fourth quarter worth approximately $29,000. McIlrath & Eck LLC purchased a new position in Berry in the 3rd quarter worth approximately $47,000. Meeder Asset Management Inc. lifted its position in Berry by 54.9% in the 4th quarter. Meeder Asset Management Inc. now owns 12,114 shares of the energy company’s stock valued at $50,000 after acquiring an additional 4,294 shares in the last quarter. EMC Capital Management boosted its stake in Berry by 149.7% during the 4th 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. Finally, Quarry LP increased its holdings 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 in the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Berry Trading Down 3.4 %

Shares of NASDAQ:BRY opened at $3.08 on Thursday. Berry Co. has a 1 year low of $3.05 and a 1 year high of $8.88. The stock’s fifty day moving average price is $3.91 and its 200-day moving average price is $4.42. The company has a market cap of $237.83 million, a P/E ratio of 2.85 and a beta of 1.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80.

Berry (NASDAQ:BRY) last announced its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.09. Berry had a net margin of 9.40% and a return on equity of 6.50%. The firm had revenue of $167.06 million for the quarter, compared to the consensus estimate of $173.00 million. Sell-side analysts expect that Berry Co. will post 0.58 earnings per share for the current year.

Berry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 3.90%. 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.