Franklin Resources Inc. lowered its position in Veren Inc. (NYSE:VRN - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,730,050 shares of the company's stock after selling 940,184 shares during the period. Franklin Resources Inc. owned approximately 4.04% of Veren worth $126,982,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in 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 purchased a new position in shares of Veren in the fourth quarter valued at approximately $59,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Veren in the fourth quarter worth approximately $71,000. Truist Financial Corp acquired a new position in Veren in the 4th quarter valued at $76,000. Finally, Seven Mile Advisory purchased a new position in Veren in the 4th quarter valued at $77,000. Institutional investors own 49.37% of the company's stock.
Veren Trading Down 11.7 %
Shares of VRN stock traded down $0.74 on Friday, hitting $5.54. 27,597,063 shares of the stock traded hands, compared to its average volume of 9,344,903. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. Veren Inc. has a twelve month low of $4.40 and a twelve month high of $9.02. The firm's 50-day moving average price is $5.62 and its two-hundred day moving average price is $5.59. The stock has a market capitalization of $3.39 billion, a PE ratio of 3.95 and a beta of 2.08.
Veren Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 5.76%. The ex-dividend date of this dividend was Friday, March 14th. Veren's payout ratio is 100.00%.
About Veren
(
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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