Vanguard Group Inc. grew its holdings in shares of Veren Inc. (NYSE:VRN - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,082,135 shares of the company's stock after purchasing an additional 507,176 shares during the quarter. Vanguard Group Inc. owned approximately 4.10% of Veren worth $128,947,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock valued at $31,000 after acquiring an additional 2,655 shares during the period. Arkadios Wealth Advisors bought a new position in Veren during the fourth quarter valued at $59,000. Truist Financial Corp bought a new position in Veren during the fourth quarter valued at $76,000. Wilmington Savings Fund Society FSB purchased a new stake in Veren in the third quarter worth $108,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Veren in the fourth quarter valued at $98,000. 49.37% of the stock is owned by hedge funds and other institutional investors.
Veren Stock Performance
Shares of VRN stock traded up $0.28 on Friday, hitting $5.75. 30,881,276 shares of the stock were exchanged, compared to its average volume of 9,904,164. The firm has a market capitalization of $3.51 billion, a PE ratio of 4.10 and a beta of 1.45. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The firm's 50 day moving average is $5.68 and its two-hundred day moving average is $5.53. Veren Inc. has a one year low of $4.40 and a one year high of $9.02.
Veren Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were paid a $0.0797 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.55%. Veren's dividend payout ratio is 100.00%.
Veren Profile
(
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.
Featured Articles
Before you consider Veren, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veren wasn't on the list.
While Veren currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
