HighTower Advisors LLC lessened its stake in shares of Veren Inc. (NYSE:VRN - Free Report) by 52.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,148 shares of the company's stock after selling 57,964 shares during the period. HighTower Advisors LLC's holdings in Veren were worth $273,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of VRN. Principal Financial Group Inc. lifted its position in shares of Veren by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company's stock worth $21,562,000 after purchasing an additional 158,200 shares during the last quarter. National Bank of Canada FI increased its position in Veren by 94.7% in the 3rd quarter. National Bank of Canada FI now owns 2,217,305 shares of the company's stock worth $13,637,000 after buying an additional 1,078,596 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Veren by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company's stock worth $10,201,000 after buying an additional 124,863 shares during the last quarter. Yaupon Capital Management LP boosted its position in shares of Veren by 79.2% in the third quarter. Yaupon Capital Management LP now owns 1,805,096 shares of the company's stock valued at $11,118,000 after acquiring an additional 797,754 shares during the period. Finally, South Dakota Investment Council grew its stake in shares of Veren by 194.2% in the fourth quarter. South Dakota Investment Council now owns 1,731,831 shares of the company's stock worth $8,902,000 after acquiring an additional 1,143,159 shares during the last quarter. Institutional investors own 49.37% of the company's stock.
Veren Stock Performance
VRN stock traded down $0.03 on Monday, reaching $5.51. 23,310,013 shares of the company were exchanged, compared to its average volume of 9,407,315. The firm has a market capitalization of $3.37 billion, a PE ratio of 3.93 and a beta of 1.45. Veren Inc. has a 12 month low of $4.40 and a 12 month high of $9.02. The stock's fifty day moving average price is $5.63 and its 200 day moving average price is $5.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88.
Veren Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were issued a dividend of $0.0797 per share. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 5.79%. 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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