Veren Inc. (NYSE:VRN) Shares Sold by Capital Management Corp VA

Capital Management Corp VA cut its stake in Veren Inc. (NYSE:VRN - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,853,363 shares of the company's stock after selling 271,412 shares during the period. Veren comprises approximately 2.6% of Capital Management Corp VA's portfolio, making the stock its 13th largest position. Capital Management Corp VA owned approximately 0.47% of Veren worth $14,666,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in Veren by 19.3% in the third quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company's stock valued at $24,899,000 after buying an additional 653,300 shares during the last quarter. Olympiad Research LP increased its stake in Veren by 36.2% in the third quarter. Olympiad Research LP now owns 29,088 shares of the company's stock valued at $179,000 after purchasing an additional 7,724 shares during the period. Easterly Investment Partners LLC raised its stake in Veren by 15.0% during the 3rd quarter. Easterly Investment Partners LLC now owns 452,380 shares of the company's stock valued at $2,782,000 after acquiring an additional 59,035 shares during the last quarter. Versor Investments LP acquired a new stake in Veren during the 3rd quarter worth approximately $354,000. Finally, Entropy Technologies LP acquired a new stake in Veren during the 3rd quarter worth approximately $1,485,000. Institutional investors and hedge funds own 49.37% of the company's stock.

Veren Stock Performance

Shares of NYSE:VRN traded up $0.24 during trading on Wednesday, reaching $6.10. The company had a trading volume of 31,918,928 shares, compared to its average volume of 8,230,452. Veren Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. The stock's fifty day moving average price is $5.25 and its 200 day moving average price is $5.60. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 4.35 and a beta of 2.08.

Remove Ads

Veren Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be given a dividend of $0.0797 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.23%. Veren's payout ratio is currently 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.