Aigen Investment Management LP Makes New $348,000 Investment in Berry Co. (NASDAQ:BRY)

Aigen Investment Management LP bought a new position in Berry Co. (NASDAQ:BRY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 49,471 shares of the energy company’s stock, valued at approximately $348,000. Aigen Investment Management LP owned approximately 0.07% of Berry at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Panagora Asset Management Inc. raised its stake in Berry by 0.9% during the 4th quarter. Panagora Asset Management Inc. now owns 237,759 shares of the energy company’s stock valued at $1,671,000 after purchasing an additional 2,006 shares during the period. Quadrant Capital Group LLC grew its stake in Berry by 211.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,905 shares of the energy company’s stock valued at $27,000 after acquiring an additional 2,653 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Berry by 1,407.0% in the 4th quarter. Principal Financial Group Inc. now owns 380,967 shares of the energy company’s stock valued at $2,678,000 after purchasing an additional 355,688 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Berry by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,537,851 shares of the energy company’s stock worth $31,902,000 after purchasing an additional 284,757 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Berry by 26.0% during the fourth quarter. BNP Paribas Financial Markets now owns 83,569 shares of the energy company’s stock worth $587,000 after purchasing an additional 17,231 shares during the period. 94.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Berry from a “c” rating to a “b-” rating in a research note on Friday, March 8th.

Berry Stock Performance

Berry stock traded down $0.12 during trading hours on Friday, reaching $6.86. 963,196 shares of the company were exchanged, compared to its average volume of 1,489,058. Berry Co. has a 12 month low of $6.22 and a 12 month high of $8.94. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $7.99 and a 200 day moving average of $7.30. The firm has a market cap of $527.81 million, a price-to-earnings ratio of 686.00 and a beta of 1.77.

Berry (NASDAQ:BRY) last issued its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Berry had a return on equity of 6.15% and a net margin of 0.41%. The business had revenue of $202.31 million during the quarter, compared to the consensus estimate of $182.65 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, research analysts anticipate that Berry Co. will post 0.84 earnings per share for the current year.

Berry Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date was Tuesday, May 14th. Berry’s dividend payout ratio is presently 4,800.00%.

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.