IMC Chicago LLC bought a new position in shares of Veren Inc. (NYSE:VRN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 51,047 shares of the company's stock, valued at approximately $262,000.
Other large investors have also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC bought a new position in shares of Veren in the 3rd quarter valued at about $65,155,000. Intact Investment Management Inc. grew its holdings in shares of Veren by 46.7% in the 3rd quarter. Intact Investment Management Inc. now owns 5,458,686 shares of the company's stock valued at $33,624,000 after acquiring an additional 1,737,840 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Veren by 19.3% in the 3rd quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company's stock valued at $24,899,000 after acquiring an additional 653,300 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Veren by 11.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company's stock valued at $24,505,000 after acquiring an additional 400,068 shares in the last quarter. Finally, Capital Management Corp VA grew its holdings in shares of Veren by 92.1% in the 3rd quarter. Capital Management Corp VA now owns 3,124,775 shares of the company's stock valued at $19,217,000 after acquiring an additional 1,498,544 shares in the last quarter. Institutional investors own 49.37% of the company's stock.
Veren Stock Performance
Veren stock traded down $0.03 during midday trading on Friday, reaching $5.24. 9,962,052 shares of the company's stock were exchanged, compared to its average volume of 16,241,806. Veren Inc. has a 52 week low of $4.39 and a 52 week high of $9.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 3.74 and a beta of 2.10. The stock's 50-day simple moving average is $5.15 and its 200 day simple moving average is $5.84.
Analyst Ratings Changes
Separately, Royal Bank of Canada reduced their price target on Veren from $12.00 to $10.00 and set an "outperform" rating for the company in a report on Friday, November 1st.
Check Out Our Latest Research Report on Veren
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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