Toronto Dominion Bank lifted its position in Veren Inc. (NYSE:VRN - Free Report) by 302.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 553,902 shares of the company's stock after purchasing an additional 416,265 shares during the quarter. Toronto Dominion Bank owned 0.09% of Veren worth $3,406,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new position in shares of Veren during the second quarter valued at approximately $42,000. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Veren during the third quarter valued at $79,000. Fifth Third Bancorp purchased a new stake in shares of Veren during the second quarter valued at $85,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Veren in the 2nd quarter worth about $103,000. Finally, Blue Trust Inc. bought a new position in Veren during the third quarter valued at approximately $104,000. 49.37% of the stock is currently owned by institutional investors.
Veren Stock Performance
VRN stock traded down $0.19 during trading on Monday, reaching $4.67. The company had a trading volume of 9,718,214 shares, compared to its average volume of 4,848,342. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. Veren Inc. has a twelve month low of $4.66 and a twelve month high of $9.28. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 3.47 and a beta of 2.16. The firm has a 50-day simple moving average of $5.56 and a 200-day simple moving average of $6.69.
Veren Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 7.28%. This is a positive change from Veren's previous quarterly dividend of $0.08. The ex-dividend date is Friday, December 13th. Veren's payout ratio is 24.29%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Royal Bank of Canada cut their price target on Veren from $12.00 to $10.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Raymond James initiated coverage on Veren in a research note on Friday, October 18th. They issued a "strong-buy" rating and a $13.00 price objective for the company.
Read Our Latest Stock Report on Veren
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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