Easterly Investment Partners LLC increased its position in shares of Veren Inc. (NYSE:VRN - Free Report) by 56.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 709,045 shares of the company's stock after purchasing an additional 256,665 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.12% of Veren worth $3,644,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Veren by 80.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock worth $31,000 after buying an additional 2,655 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in Veren in the 4th quarter valued at about $59,000. Truist Financial Corp acquired a new position in shares of Veren during the 4th quarter worth approximately $76,000. Corient Private Wealth LLC purchased a new stake in shares of Veren in the fourth quarter valued at approximately $98,000. Finally, Canoe Financial LP acquired a new stake in shares of Veren in the fourth quarter valued at approximately $103,000. 49.37% of the stock is owned by institutional investors and hedge funds.
Veren Trading Down 0.2 %
NYSE:VRN traded down $0.02 during trading hours on Monday, hitting $6.65. The company had a trading volume of 10,926,229 shares, compared to its average volume of 9,051,606. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $9.02. 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 $5.53 and a 200 day moving average of $5.57. The company has a market cap of $4.07 billion, a P/E ratio of 4.75 and a beta of 2.08.
Veren Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be given a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, March 14th. Veren's payout ratio is presently 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.
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