Aigen Investment Management LP boosted its stake in Veren Inc. (NYSE:VRN - Free Report) by 35.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 268,584 shares of the company's stock after acquiring an additional 70,922 shares during the quarter. Aigen Investment Management LP's holdings in Veren were worth $1,381,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arkadios Wealth Advisors purchased a new position in Veren in the 4th quarter worth approximately $59,000. Truist Financial Corp purchased a new position in shares of Veren during the 4th quarter valued at approximately $76,000. Canoe Financial LP purchased a new position in shares of Veren during the 4th quarter valued at approximately $103,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Veren during the 3rd quarter valued at approximately $108,000. Finally, Savant Capital LLC boosted its stake in shares of Veren by 67.0% during the 4th quarter. Savant Capital LLC now owns 21,399 shares of the company's stock valued at $110,000 after buying an additional 8,586 shares during the last quarter. Hedge funds and other institutional investors own 49.37% of the company's stock.
Veren Stock Up 0.1 %
Shares of Veren stock traded up $0.01 on Friday, hitting $4.92. 22,638,741 shares of the company's stock traded hands, compared to its average volume of 7,662,649. The stock has a market cap of $3.01 billion, a P/E ratio of 3.51 and a beta of 2.08. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. The firm's 50-day moving average is $5.22 and its 200 day moving average is $5.63. Veren Inc. has a 52-week low of $4.40 and a 52-week high of $9.02.
Veren Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend is Friday, March 14th. Veren's dividend payout ratio (DPR) is currently 100.00%.
Veren Profile
(
Free Report)
Veren Inc explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.
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