Gagnon Advisors LLC grew its position in Veren Inc. (NYSE:VRN - Free Report) by 42.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 890,693 shares of the company's stock after purchasing an additional 267,580 shares during the quarter. Veren makes up 2.9% of Gagnon Advisors LLC's investment portfolio, making the stock its 16th largest position. Gagnon Advisors LLC owned approximately 0.15% of Veren worth $4,578,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of VRN. Gagnon Securities LLC lifted its holdings in shares of Veren by 44.2% in the 4th quarter. Gagnon Securities LLC now owns 1,086,791 shares of the company's stock valued at $5,586,000 after purchasing an additional 333,270 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Veren by 56.3% in the fourth quarter. Blue Trust Inc. now owns 26,416 shares of the company's stock valued at $136,000 after acquiring an additional 9,520 shares during the period. DGS Capital Management LLC boosted its holdings in shares of Veren by 302.3% in the fourth quarter. DGS Capital Management LLC now owns 76,814 shares of the company's stock valued at $395,000 after acquiring an additional 57,719 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Veren during the fourth quarter worth approximately $59,000. Finally, Canoe Financial LP acquired a new position in shares of Veren in the 4th quarter valued at $103,000. 49.37% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on VRN shares. Raymond James began coverage on shares of Veren in a research report on Friday, October 18th. They set a "strong-buy" rating and a $13.00 price objective on the stock. Royal Bank of Canada dropped their price target on Veren from $12.00 to $10.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st.
Check Out Our Latest Stock Report on Veren
Veren Stock Performance
VRN traded up $0.02 during trading on Wednesday, hitting $5.19. The stock had a trading volume of 13,914,915 shares, compared to its average volume of 16,664,123. The firm has a market capitalization of $3.17 billion, a P/E ratio of 3.70 and a beta of 2.10. 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 $4.39 and a twelve month high of $9.28. The company's 50-day moving average price is $5.14 and its 200 day moving average price is $5.97.
Veren Profile
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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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