Alberta Investment Management Corp Has $3.54 Million Position in Veren Inc. (NYSE:VRN)

Alberta Investment Management Corp boosted its position in Veren Inc. (NYSE:VRN - Free Report) by 108.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 689,400 shares of the company's stock after buying an additional 358,000 shares during the quarter. Alberta Investment Management Corp owned approximately 0.11% of Veren worth $3,542,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of VRN. HITE Hedge Asset Management LLC acquired a new position in shares of Veren during the third quarter valued at about $65,155,000. Intact Investment Management Inc. increased its stake in Veren by 46.7% during the third quarter. Intact Investment Management Inc. now owns 5,458,686 shares of the company's stock valued at $33,624,000 after acquiring an additional 1,737,840 shares during the period. Principal Financial Group Inc. raised its holdings in Veren by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company's stock valued at $21,562,000 after acquiring an additional 158,200 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Veren by 11.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company's stock worth $24,505,000 after acquiring an additional 400,068 shares during the period. Finally, Capital Management Corp VA grew its holdings in shares of Veren by 92.1% during the 3rd quarter. Capital Management Corp VA now owns 3,124,775 shares of the company's stock worth $19,217,000 after purchasing an additional 1,498,544 shares in the last quarter. Institutional investors own 49.37% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price objective on shares of Veren from $12.00 to $10.00 and set an "outperform" rating for the company in a report on Friday, November 1st.

Veren Price Performance

Shares of Veren stock traded down $0.30 during midday trading on Friday, hitting $5.01. 18,575,752 shares of the company were exchanged, compared to its average volume of 16,436,211. The firm has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $5.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $3.06 billion, a P/E ratio of 3.58 and a beta of 2.10. Veren Inc. has a 52 week low of $4.39 and a 52 week high of $9.28.

About Veren

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.