JPMorgan Chase & Co. grew its stake in shares of Veren Inc. (NYSE:VRN - Free Report) by 58.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 412,447 shares of the company's stock after acquiring an additional 151,489 shares during the quarter. JPMorgan Chase & Co. owned about 0.07% of Veren worth $2,120,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock valued at $31,000 after purchasing an additional 2,655 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Veren during the fourth quarter valued at $59,000. Truist Financial Corp purchased a new stake in shares of Veren during the fourth quarter valued at $76,000. Corient Private Wealth LLC bought a new stake in Veren in the 4th quarter worth about $98,000. Finally, Canoe Financial LP purchased a new position in Veren in the 4th quarter worth about $103,000. Hedge funds and other institutional investors own 49.37% of the company's stock.
Veren Stock Performance
VRN traded up $0.03 during midday trading on Friday, hitting $6.14. 21,609,815 shares of the company traded hands, compared to its average volume of 10,466,544. The company's 50-day moving average is $5.84 and its 200 day moving average is $5.52. Veren Inc. has a 52 week low of $4.40 and a 52 week high of $9.02. The firm has a market capitalization of $3.76 billion, a PE ratio of 4.39 and a beta of 1.45. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34.
Veren Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were issued a $0.0797 dividend. This represents a $0.32 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Friday, March 14th. Veren's dividend payout ratio is currently 96.88%.
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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