Bank of New York Mellon Corp Has $1.56 Million Stock Holdings in Veren Inc. (NYSE:VRN)

Bank of New York Mellon Corp boosted its stake in Veren Inc. (NYSE:VRN - Free Report) by 101.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 304,357 shares of the company's stock after purchasing an additional 153,607 shares during the quarter. Bank of New York Mellon Corp's holdings in Veren were worth $1,564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. HITE Hedge Asset Management LLC acquired a new position in shares of Veren during the 3rd quarter worth $65,155,000. Principal Financial Group Inc. raised its stake in Veren by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company's stock worth $21,562,000 after acquiring an additional 158,200 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Veren by 11.2% in the third quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company's stock worth $24,505,000 after acquiring an additional 400,068 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Veren by 94.7% in the 3rd quarter. National Bank of Canada FI now owns 2,217,305 shares of the company's stock valued at $13,637,000 after purchasing an additional 1,078,596 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Veren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,860,312 shares of the company's stock valued at $11,470,000 after purchasing an additional 50,997 shares during the last quarter. Institutional investors own 49.37% of the company's stock.

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Veren Price Performance

NYSE:VRN traded up $0.02 on Wednesday, hitting $6.79. The company had a trading volume of 14,954,229 shares, compared to its average volume of 8,787,771. Veren Inc. has a 52 week low of $4.40 and a 52 week high of $9.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 4.85 and a beta of 2.08. The firm has a 50 day moving average of $5.46 and a two-hundred day moving average of $5.56.

Veren Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be issued a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, March 14th. Veren's dividend payout ratio (DPR) is 100.00%.

Veren Profile

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.