173,265 Shares in Veren Inc. (NYSE:VRN) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in Veren Inc. (NYSE:VRN - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 173,265 shares of the company's stock, valued at approximately $1,065,000.

Several other institutional investors and hedge funds have also bought and sold shares of VRN. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Veren during the 2nd quarter worth approximately $36,000. EverSource Wealth Advisors LLC acquired a new position in Veren during the second quarter worth $42,000. Pacifica Partners Inc. bought a new stake in Veren during the second quarter worth $61,000. Olympiad Research LP lifted 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 acquiring an additional 7,724 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of Veren in the 2nd quarter valued at about $85,000. Institutional investors own 49.37% of the company's stock.

Veren Stock Down 2.7 %

Shares of NYSE:VRN opened at $5.20 on Wednesday. Veren Inc. has a 12-month low of $4.90 and a 12-month high of $9.28. The stock's 50 day moving average price is $5.89. 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 market capitalization of $3.20 billion, a PE ratio of 3.71 and a beta of 2.17.

Veren Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be paid a $0.085 dividend. The ex-dividend date is Friday, December 13th. This is an increase from Veren's previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 6.54%. Veren's payout ratio is 24.29%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VRN shares. Raymond James initiated coverage on shares of Veren in a research note on Friday, October 18th. They issued a "strong-buy" rating and a $13.00 target price for the company. Royal Bank of Canada decreased their target price on Veren from $12.00 to $10.00 and set an "outperform" rating on the stock in a report on Friday, November 1st.

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.