Foundry Partners LLC grew its holdings in shares of Veren Inc. (NYSE:VRN - Free Report) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,291,243 shares of the company's stock after buying an additional 196,333 shares during the quarter. Foundry Partners LLC owned approximately 0.21% of Veren worth $6,637,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in VRN. EverSource Wealth Advisors LLC boosted its holdings in shares of Veren by 80.6% during the 4th 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 during the period. Arkadios Wealth Advisors bought a new stake in Veren during the fourth quarter worth about $59,000. Orion Portfolio Solutions LLC acquired a new stake in Veren during the fourth quarter worth about $71,000. Truist Financial Corp acquired a new position in shares of Veren in the 4th quarter valued at approximately $76,000. Finally, Seven Mile Advisory bought a new position in Veren in the fourth quarter valued at approximately $77,000. Institutional investors own 49.37% of the company's stock.
Veren Price Performance
Shares of VRN stock traded up $0.10 during trading hours on Wednesday, reaching $5.26. The company's stock had a trading volume of 15,033,963 shares, compared to its average volume of 9,597,319. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.02. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 3.75 and a beta of 1.45. The firm's 50 day simple moving average is $5.63 and its 200-day simple moving average is $5.55.
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 paid a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend was Friday, March 14th. 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.
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