Connor Clark & Lunn Investment Management Ltd. lessened its position in Veren Inc. (NYSE:VRN - Free Report) by 82.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 892,300 shares of the company's stock after selling 4,189,976 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.15% of Veren worth $4,581,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Veren by 80.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock worth $31,000 after acquiring an additional 2,655 shares during the period. Savant Capital LLC grew its position in shares of Veren by 67.0% in the fourth quarter. Savant Capital LLC now owns 21,399 shares of the company's stock valued at $110,000 after purchasing an additional 8,586 shares during the period. Blue Trust Inc. increased its stake in Veren by 56.3% in the fourth quarter. Blue Trust Inc. now owns 26,416 shares of the company's stock valued at $136,000 after purchasing an additional 9,520 shares during the last quarter. K.J. Harrison & Partners Inc lifted its position in Veren by 16.3% during the fourth quarter. K.J. Harrison & Partners Inc now owns 71,228 shares of the company's stock worth $374,000 after buying an additional 10,000 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in Veren in the 4th quarter worth about $59,000. Institutional investors and hedge funds own 49.37% of the company's stock.
Veren Trading Up 1.0 %
Shares of NYSE VRN traded up $0.07 on Thursday, reaching $6.65. 20,865,705 shares of the company traded hands, compared to its average volume of 20,903,102. The stock has a market capitalization of $4.07 billion, a PE ratio of 4.75 and a beta of 2.08. Veren Inc. has a fifty-two week low of $4.39 and a fifty-two week high of $9.28. 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 company has a 50 day moving average of $5.36 and a 200 day moving average of $5.57.
Veren Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be issued 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 dividend yield of 4.79%. Veren's payout ratio is 100.00%.
Veren Company 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.
Recommended Stories
Before you consider Veren, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veren wasn't on the list.
While Veren currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
