10,090,105 Shares in Veren Inc. (NYSE:VRN) Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP bought a new stake in shares of Veren Inc. (NYSE:VRN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,090,105 shares of the company's stock, valued at approximately $79,409,000. Dimensional Fund Advisors LP owned approximately 1.63% of Veren at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VRN. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Veren during the 2nd quarter worth $36,000. Pacifica Partners Inc. acquired a new stake in Veren during the 2nd quarter worth $61,000. Fifth Third Bancorp acquired a new stake in Veren during the 2nd quarter worth $85,000. Perkins Coie Trust Co acquired a new stake in Veren during the 2nd quarter worth $205,000. Finally, BOKF NA acquired a new position in shares of Veren during the 2nd quarter valued at about $215,000. 49.37% of the stock is owned by hedge funds and other institutional investors.

Veren Trading Down 4.0 %

Shares of VRN stock opened at $6.07 on Friday. The firm's 50-day moving average price is $7.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $3.76 billion, a PE ratio of -75.88 and a beta of 2.16. Veren Inc. has a twelve month low of $6.03 and a twelve month high of $9.28.

Veren (NYSE:VRN - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $852.57 million for the quarter, compared to analysts' expectations of $821.00 million. Veren had a negative net margin of 0.69% and a positive return on equity of 13.50%. As a group, equities research analysts predict that Veren Inc. will post 1 EPS for the current year.

Veren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be issued a $0.0834 dividend. This is a positive change from Veren's previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Friday, September 13th. Veren's payout ratio is -412.50%.

Analysts Set New Price Targets

Separately, Scotiabank lowered their price target on shares of Veren from $16.00 to $15.00 and set a "sector outperform" rating on the stock in a research report on Friday, July 12th.

About Veren

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.