Dynamic Technology Lab Private Ltd Sells 118,075 Shares of Veren Inc. (NYSE:VRN)

Dynamic Technology Lab Private Ltd decreased its position in Veren Inc. (NYSE:VRN - Free Report) by 68.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 55,190 shares of the company's stock after selling 118,075 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Veren were worth $284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Veren by 80.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock valued at $31,000 after purchasing an additional 2,655 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Veren by 4.8% during the 4th quarter. Alliancebernstein L.P. now owns 101,460 shares of the company's stock valued at $522,000 after acquiring an additional 4,640 shares in the last quarter. Northwest & Ethical Investments L.P. increased its stake in shares of Veren by 17.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 44,965 shares of the company's stock worth $231,000 after acquiring an additional 6,727 shares during the last quarter. Savant Capital LLC boosted its position in Veren by 67.0% during 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 last quarter. Finally, Blue Trust Inc. grew 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 in the last quarter. 49.37% of the stock is currently owned by hedge funds and other institutional investors.

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Veren Stock Down 1.2 %

VRN stock traded down $0.07 during mid-day trading on Tuesday, hitting $5.72. The stock had a trading volume of 21,342,991 shares, compared to its average volume of 10,024,749. 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 $3.50 billion, a price-to-earnings ratio of 4.09 and a beta of 1.45. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $9.02. The company has a fifty day moving average of $5.70 and a 200 day moving average of $5.53.

Veren Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were given a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend was Friday, March 14th. Veren's payout ratio 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.