Invesco Ltd. Has $31.35 Million Stock Holdings in Veren Inc. (NYSE:VRN)

Invesco Ltd. raised its stake in Veren Inc. (NYSE:VRN - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,099,882 shares of the company's stock after acquiring an additional 69,969 shares during the quarter. Invesco Ltd. owned about 1.00% of Veren worth $31,353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VRN. Ninepoint Partners LP increased its position in Veren by 16.6% during the fourth quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company's stock worth $108,454,000 after acquiring an additional 3,000,000 shares during the period. Barclays PLC increased its holdings in shares of Veren by 313.7% during the third quarter. Barclays PLC now owns 132,245 shares of the company's stock worth $813,000 after purchasing an additional 100,279 shares during the period. Alberta Investment Management Corp raised its position in shares of Veren by 108.0% in the fourth quarter. Alberta Investment Management Corp now owns 689,400 shares of the company's stock valued at $3,542,000 after buying an additional 358,000 shares in the last quarter. Principal Financial Group Inc. grew its position in Veren by 19.3% during the third quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company's stock worth $24,899,000 after buying an additional 653,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Veren by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company's stock worth $10,201,000 after acquiring an additional 124,863 shares during the period. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Veren Price Performance

Shares of NYSE:VRN traded down $0.06 during trading on Wednesday, reaching $6.03. 5,156,618 shares of the company traded hands, compared to its average volume of 21,661,479. The firm has a market capitalization of $3.69 billion, a PE ratio of 4.31 and a beta of 1.45. Veren Inc. has a 52 week low of $4.39 and a 52 week high of $9.28. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. The company's 50 day moving average is $5.79 and its two-hundred day moving average is $5.52.

Veren Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were paid a dividend of $0.0797 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.28%. Veren's payout ratio is 96.88%.

Veren Company Profile

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.