Charles Schwab Investment Management Inc. Has $10.20 Million Stake in Veren Inc. (NYSE:VRN)

Charles Schwab Investment Management Inc. lifted its holdings in Veren Inc. (NYSE:VRN - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,985,175 shares of the company's stock after acquiring an additional 124,863 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.32% of Veren worth $10,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HITE Hedge Asset Management LLC bought a new stake in Veren in the third quarter worth approximately $65,155,000. Principal Financial Group Inc. grew its position in shares of Veren by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company's stock worth $21,562,000 after buying an additional 158,200 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Veren by 11.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company's stock worth $24,505,000 after buying an additional 400,068 shares during the period. National Bank of Canada FI increased 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 acquiring an additional 1,078,596 shares in the last quarter. Finally, Yaupon Capital Management LP lifted its position in shares of Veren by 79.2% during the 3rd quarter. Yaupon Capital Management LP now owns 1,805,096 shares of the company's stock valued at $11,118,000 after acquiring an additional 797,754 shares during the period. 49.37% of the stock is owned by institutional investors and hedge funds.

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Veren Stock Up 0.2 %

NYSE:VRN traded up $0.02 during trading hours on Wednesday, reaching $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 twelve month low of $4.40 and a twelve month high of $9.02. 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 has a market cap of $4.15 billion, a price-to-earnings ratio of 4.85 and a beta of 2.08. The business's 50-day simple moving average is $5.46 and its two-hundred day simple moving average is $5.56.

Veren Cuts Dividend

The company 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 $0.0797 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.70%. Veren's dividend payout ratio is presently 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.