Veren Inc. (NYSE:VRN) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in Veren Inc. (NYSE:VRN - Free Report) by 313.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 132,245 shares of the company's stock after buying an additional 100,279 shares during the period. Barclays PLC's holdings in Veren were worth $813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intact Investment Management Inc. boosted its holdings in Veren by 46.7% in the 3rd quarter. Intact Investment Management Inc. now owns 5,458,686 shares of the company's stock worth $33,624,000 after acquiring an additional 1,737,840 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of Veren in the second quarter valued at $28,162,000. Toronto Dominion Bank grew its holdings in Veren by 302.4% during the 3rd quarter. Toronto Dominion Bank now owns 553,902 shares of the company's stock valued at $3,406,000 after purchasing an additional 416,265 shares in the last quarter. National Bank of Canada FI increased its stake in Veren by 94.7% during the 3rd quarter. National Bank of Canada FI now owns 2,217,305 shares of the company's stock worth $13,637,000 after buying an additional 1,078,596 shares during the period. Finally, DRW Securities LLC acquired a new position in Veren in the 3rd quarter worth $1,414,000. 49.37% of the stock is owned by institutional investors and hedge funds.

Veren Stock Up 0.3 %

NYSE VRN traded up $0.02 on Thursday, hitting $5.53. 15,909,207 shares of the stock traded hands, compared to its average volume of 15,102,958. 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 50-day moving average of $5.14 and a 200 day moving average of $6.25. Veren Inc. has a twelve month low of $4.39 and a twelve month high of $9.28. The company has a market capitalization of $3.40 billion, a P/E ratio of 3.95 and a beta of 2.13.

Veren Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th were given a $0.085 dividend. This is an increase from Veren's previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date was Friday, December 13th. Veren's dividend payout ratio (DPR) is presently 23.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VRN shares. Royal Bank of Canada dropped their target price on Veren from $12.00 to $10.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Raymond James started coverage on Veren in a report on Friday, October 18th. They set a "strong-buy" rating and a $13.00 price objective on the stock.

Veren Company 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.