Berry Co. (NASDAQ:BRY) Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lowered its position in shares of Berry Co. (NASDAQ:BRY) by 4.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 69,173 shares of the energy company’s stock after selling 3,487 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Berry were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRY. R Squared Ltd acquired a new position in shares of Berry in the 4th quarter valued at about $29,000. McIlrath & Eck LLC acquired a new position in shares of Berry in the 3rd quarter valued at about $47,000. EMC Capital Management lifted its holdings 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 valued at $57,000 after buying an additional 8,261 shares during the period. Quarry LP lifted 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 valued at $65,000 after buying an additional 10,066 shares during the period. Finally, Caprock Group LLC acquired a new position in shares of Berry in the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Stock Performance

Shares of BRY stock opened at $3.43 on Thursday. The stock has a market cap of $263.90 million, a PE ratio of 3.18 and a beta of 1.67. The business has a 50-day simple moving average of $4.23 and a 200-day simple moving average of $4.57. 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 Co. has a 52-week low of $3.06 and a 52-week high of $8.88.

Berry (NASDAQ:BRY) last released its quarterly earnings results 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 analysts’ expectations of $173.00 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. On average, equities analysts expect that Berry Co. will post 0.58 EPS for the current year.

Berry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a yield of 3.50%. Berry’s payout ratio is 48.00%.

Berry Company 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.