Trexquant Investment LP Increases Stock Holdings in Veren Inc. (NYSE:VRN)

Trexquant Investment LP lifted its stake in shares of Veren Inc. (NYSE:VRN - Free Report) by 329.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,489,872 shares of the company's stock after acquiring an additional 1,143,293 shares during the quarter. Trexquant Investment LP owned approximately 0.24% of Veren worth $7,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRN. EverSource Wealth Advisors LLC raised its holdings in Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock worth $31,000 after purchasing an additional 2,655 shares during the last quarter. Alliancebernstein L.P. raised its stake in Veren by 4.8% during the fourth quarter. Alliancebernstein L.P. now owns 101,460 shares of the company's stock worth $522,000 after buying an additional 4,640 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its position in Veren by 17.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 44,965 shares of the company's stock valued at $231,000 after acquiring an additional 6,727 shares during the last quarter. Savant Capital LLC grew its holdings in Veren by 67.0% during the 4th quarter. Savant Capital LLC now owns 21,399 shares of the company's stock worth $110,000 after acquiring an additional 8,586 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Veren by 56.3% in the 4th quarter. Blue Trust Inc. now owns 26,416 shares of the company's stock worth $136,000 after acquiring an additional 9,520 shares in the last quarter. 49.37% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Veren Trading Up 13.9 %

NYSE VRN traded up $0.72 during trading hours on Wednesday, hitting $5.88. 39,219,480 shares of the company's stock were exchanged, compared to its average volume of 9,699,216. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 4.20 and a beta of 1.45. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $9.02. The stock has a 50-day simple moving average of $5.66 and a 200 day simple moving average of $5.55. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.

Veren Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were issued a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date was Friday, March 14th. Veren's payout ratio is 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.