Aviso Financial Inc. lifted its holdings in shares of Veren Inc. (NYSE:VRN - Free Report) by 117.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,263 shares of the company's stock after buying an additional 118,537 shares during the period. Aviso Financial Inc.'s holdings in Veren were worth $1,127,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of VRN. EverSource Wealth Advisors LLC grew 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 worth $31,000 after acquiring an additional 2,655 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of Veren in the 4th quarter worth approximately $59,000. Truist Financial Corp acquired a new stake in shares of Veren in the 4th quarter worth approximately $76,000. Canoe Financial LP acquired a new stake in shares of Veren in the 4th quarter worth approximately $103,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Veren in the 3rd quarter worth approximately $108,000. 49.37% of the stock is owned by hedge funds and other institutional investors.
Veren Price Performance
Shares of VRN traded up $0.20 on Wednesday, reaching $6.60. The stock had a trading volume of 26,153,986 shares, compared to its average volume of 8,625,407. The firm has a market capitalization of $4.03 billion, a PE ratio of 4.71 and a beta of 2.08. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $5.34 and a 200 day moving average of $5.56. Veren Inc. has a twelve month low of $4.40 and a twelve month high of $9.02.
Veren Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be issued a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Friday, March 14th. Veren's dividend payout ratio (DPR) is presently 100.00%.
Veren Company Profile
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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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