Proficio Capital Partners LLC bought a new position in shares of Veren Inc. (NYSE:VRN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 164,480 shares of the company's stock, valued at approximately $845,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings 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. Olympiad Research LP boosted its holdings in Veren by 36.2% during the 3rd quarter. Olympiad Research LP now owns 29,088 shares of the company's stock worth $179,000 after acquiring an additional 7,724 shares during the last quarter. Versor Investments LP bought a new stake in shares of Veren in the 3rd quarter worth $354,000. Entropy Technologies LP purchased a new stake in shares of Veren in the third quarter valued at about $1,485,000. Finally, Aigen Investment Management LP bought a new position in shares of Veren during the third quarter valued at about $1,217,000. 49.37% of the stock is owned by institutional investors.
Veren Stock Up 4.2 %
Veren stock traded up $0.25 during midday trading on Wednesday, hitting $6.11. 29,406,990 shares of the stock were exchanged, compared to its average volume of 8,223,850. 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 stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 4.36 and a beta of 2.08. Veren Inc. has a 52-week low of $4.40 and a 52-week high of $9.02. The business's 50-day moving average price is $5.25 and its 200-day moving average price is $5.60.
Veren Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be issued a $0.0797 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend is Friday, March 14th. Veren's dividend payout ratio is presently 100.00%.
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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