XTX Topco Ltd decreased its holdings in Veren Inc. (NYSE:VRN - Free Report) by 54.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,448 shares of the company's stock after selling 111,685 shares during the period. XTX Topco Ltd's holdings in Veren were worth $485,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in Veren by 80.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock valued at $31,000 after purchasing an additional 2,655 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Veren during the 4th quarter valued at $59,000. Orion Portfolio Solutions LLC bought a new stake in Veren in the fourth quarter worth $71,000. Truist Financial Corp purchased a new stake in Veren during the 4th quarter valued at $76,000. Finally, Seven Mile Advisory purchased a new stake in Veren during the 4th quarter valued at $77,000. Hedge funds and other institutional investors own 49.37% of the company's stock.
Veren Price Performance
NYSE:VRN traded up $0.05 during trading hours on Friday, hitting $6.16. 11,527,333 shares of the stock traded hands, compared to its average volume of 10,425,307. The stock has a 50 day moving average price of $5.82 and a 200 day moving average price of $5.52. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $9.02. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 4.40 and a beta of 1.45.
Veren Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were paid a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a yield of 5.18%. The ex-dividend date was Friday, March 14th. Veren's payout ratio is 96.88%.
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.
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