Scotia Capital Inc. Reduces Stock Position in Veren Inc. (NYSE:VRN)

Scotia Capital Inc. lessened its holdings in Veren Inc. (NYSE:VRN - Free Report) by 42.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,937,827 shares of the company's stock after selling 1,406,930 shares during the quarter. Scotia Capital Inc. owned approximately 0.32% of Veren worth $9,934,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC grew its holdings in shares of Veren by 139.4% in the third quarter. HighTower Advisors LLC now owns 111,112 shares of the company's stock worth $685,000 after purchasing an additional 64,707 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of Veren during the third quarter worth approximately $163,000. Y Intercept Hong Kong Ltd raised its stake in shares of Veren by 157.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 139,851 shares of the company's stock valued at $860,000 after acquiring an additional 85,603 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Veren in the third quarter valued at approximately $1,769,000. Finally, Barclays PLC grew its stake in Veren by 313.7% in 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 in the last quarter. Hedge funds and other institutional investors own 49.37% of the company's stock.

Veren Stock Down 0.9 %

Shares of NYSE VRN traded down $0.06 during midday trading on Tuesday, reaching $5.74. 23,621,155 shares of the company's stock traded hands, compared to its average volume of 10,033,657. 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 has a market cap of $3.51 billion, a price-to-earnings ratio of 4.10 and a beta of 1.45. The stock's 50 day simple moving average is $5.70 and its 200-day simple moving average is $5.53. Veren Inc. has a one year low of $4.40 and a one year high of $9.02.

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Veren Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were given a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend was Friday, March 14th. Veren's dividend payout ratio 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.