Hartree Partners LP cut its stake in shares of Veren Inc. (NYSE:VRN - Free Report) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,580,000 shares of the company's stock after selling 398,000 shares during the period. Veren comprises approximately 3.0% of Hartree Partners LP's investment portfolio, making the stock its 12th biggest position. Hartree Partners LP owned approximately 0.26% of Veren worth $8,118,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of VRN. Orion Portfolio Solutions LLC bought a new stake in Veren in the fourth quarter valued at approximately $71,000. Pictet Asset Management Holding SA raised its holdings in shares of Veren by 15.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 105,828 shares of the company's stock worth $544,000 after acquiring an additional 13,847 shares during the last quarter. Easterly Investment Partners LLC lifted its holdings in shares of Veren by 56.7% in the fourth quarter. Easterly Investment Partners LLC now owns 709,045 shares of the company's stock valued at $3,644,000 after purchasing an additional 256,665 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Veren by 58.1% during the fourth quarter. JPMorgan Chase & Co. now owns 412,447 shares of the company's stock worth $2,120,000 after purchasing an additional 151,489 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in Veren by 32.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 248,384 shares of the company's stock valued at $1,277,000 after purchasing an additional 60,700 shares during the period. Institutional investors and hedge funds own 49.37% of the company's stock.
Veren Stock Performance
Shares of NYSE:VRN traded down $0.27 during mid-day trading on Thursday, reaching $6.41. The company had a trading volume of 16,715,259 shares, compared to its average volume of 20,236,139. Veren Inc. has a one year low of $4.39 and a one year high of $9.28. 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's 50-day moving average price is $5.60 and its 200-day moving average price is $5.58. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 4.58 and a beta of 2.08.
Veren Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 dividend yield of 4.97%. Veren's dividend payout ratio is presently 100.00%.
Veren 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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