ExodusPoint Capital Management LP Has $199,000 Position in Veren Inc. (NYSE:VRN)

ExodusPoint Capital Management LP reduced its holdings in Veren Inc. (NYSE:VRN - Free Report) by 67.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,800 shares of the company's stock after selling 78,766 shares during the quarter. ExodusPoint Capital Management LP's holdings in Veren were worth $199,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of VRN. HighTower Advisors LLC increased its holdings in Veren by 139.4% during the 3rd quarter. HighTower Advisors LLC now owns 111,112 shares of the company's stock worth $685,000 after purchasing an additional 64,707 shares in the last quarter. MML Investors Services LLC acquired a new stake in Veren in the 3rd quarter valued at approximately $163,000. Public Employees Retirement System of Ohio acquired a new position in Veren during the third quarter worth $1,769,000. Barclays PLC grew its stake in shares of Veren by 313.7% in the third quarter. Barclays PLC now owns 132,245 shares of the company's stock valued at $813,000 after buying an additional 100,279 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Veren by 4.3% during the third quarter. Geode Capital Management LLC now owns 380,386 shares of the company's stock worth $2,351,000 after purchasing an additional 15,594 shares during the period. Institutional investors and hedge funds own 49.37% of the company's stock.

Veren Stock Performance

Shares of VRN traded up $0.17 during mid-day trading on Friday, reaching $6.13. The company's stock had a trading volume of 29,639,168 shares, compared to its average volume of 10,182,881. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $9.02. The business has a 50-day simple moving average of $5.76 and a two-hundred day simple moving average of $5.53. The stock has a market cap of $3.75 billion, a P/E ratio of 4.38 and a beta of 1.45.

Veren Cuts Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.20%. Veren's dividend payout ratio (DPR) is 96.88%.

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.