Swiss National Bank lifted its stake in Veren Inc. (NYSE:VRN - Free Report) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,220,200 shares of the company's stock after buying an additional 64,300 shares during the quarter. Swiss National Bank owned approximately 0.20% of Veren worth $6,270,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. HITE Hedge Asset Management LLC purchased a new position in shares of Veren in the third quarter valued at $65,155,000. Principal Financial Group Inc. increased its holdings in shares of Veren by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company's stock worth $21,562,000 after buying an additional 158,200 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Veren by 11.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company's stock valued at $24,505,000 after buying an additional 400,068 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Veren by 94.7% in the 3rd quarter. National Bank of Canada FI now owns 2,217,305 shares of the company's stock valued at $13,637,000 after acquiring an additional 1,078,596 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Veren by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company's stock worth $10,201,000 after acquiring an additional 124,863 shares during the last quarter. Institutional investors own 49.37% of the company's stock.
Veren Trading Down 1.0 %
VRN stock traded down $0.07 during midday trading on Thursday, reaching $6.72. 12,270,521 shares of the company traded hands, compared to its average volume of 20,479,256. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 4.80 and a beta of 2.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50 day moving average of $5.49 and a 200-day moving average of $5.57. Veren Inc. has a 52-week low of $4.39 and a 52-week high of $9.28.
Veren Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Friday, March 14th. Veren's payout ratio is 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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