Mitsubishi UFJ Trust & Banking Corp Raises Stock Holdings in Veren Inc. (NYSE:VRN)

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Veren Inc. (NYSE:VRN - Free Report) by 32.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 248,384 shares of the company's stock after buying an additional 60,700 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Veren were worth $1,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of 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 purchased a new stake in Veren in the fourth quarter worth approximately $59,000. Truist Financial Corp bought a new position in Veren during the fourth quarter valued at approximately $76,000. Corient Private Wealth LLC purchased a new position in shares of Veren during the fourth quarter worth approximately $98,000. Finally, Canoe Financial LP bought a new stake in shares of Veren in the 4th quarter worth approximately $103,000. 49.37% of the stock is currently owned by hedge funds and other institutional investors.

Veren Trading Down 11.7 %

NYSE:VRN traded down $0.74 during trading hours on Friday, reaching $5.54. The company's stock had a trading volume of 27,597,063 shares, compared to its average volume of 9,344,903. The firm has a 50-day simple moving average of $5.63 and a 200-day simple moving average of $5.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $9.02. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 3.95 and a beta of 1.45.

Remove Ads

Veren Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were issued a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend was Friday, March 14th. Veren's dividend payout ratio (DPR) is presently 100.00%.

Veren 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.