146,270 Shares in Veren Inc. (NYSE:VRN) Bought by Tejara Capital Ltd

Tejara Capital Ltd bought a new position in shares of Veren Inc. (NYSE:VRN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 146,270 shares of the company's stock, valued at approximately $752,000.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Veren by 80.6% in 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 acquired a new position in shares of Veren in the 4th quarter valued at $59,000. Truist Financial Corp acquired a new position in shares of Veren in the 4th quarter valued at $76,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Veren in the 3rd quarter valued at $108,000. Finally, Corient Private Wealth LLC acquired a new position in shares of Veren in the 4th quarter valued at $98,000. Institutional investors and hedge funds own 49.37% of the company's stock.

Veren Trading Up 0.1 %

Shares of VRN traded up $0.01 during mid-day trading on Friday, reaching $6.64. The company had a trading volume of 17,281,214 shares, compared to its average volume of 8,707,618. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 4.74 and a beta of 2.08. The firm has a fifty day simple moving average of $5.41 and a 200-day simple moving average of $5.57. Veren Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.

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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 paid a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is 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.