Shares of Veren Inc. (NYSE:VRN - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 12,748,695 shares changed hands during mid-day trading, an increase of 69% from the previous session's volume of 7,529,229 shares.The stock last traded at $4.93 and had previously closed at $4.95.
Veren Trading Up 14.4 %
The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 4.00 and a beta of 2.08. 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 business's 50-day moving average price is $5.22 and its two-hundred day moving average price is $5.62.
Veren Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be given a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend is Friday, March 14th. Veren's dividend payout ratio is presently 100.00%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in VRN. EverSource Wealth Advisors LLC increased its holdings in 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 purchasing an additional 2,655 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of Veren during the fourth quarter worth about $54,000. State of Wyoming increased its stake in shares of Veren by 44.7% in the fourth quarter. State of Wyoming now owns 10,736 shares of the company's stock valued at $55,000 after buying an additional 3,319 shares during the period. Nebula Research & Development LLC bought a new position in Veren in the 4th quarter valued at approximately $56,000. Finally, Arkadios Wealth Advisors acquired a new stake in Veren during the 4th quarter worth approximately $59,000. Institutional investors own 49.37% of the company's stock.
Veren Company Profile
(
Get 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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