Arrowstreet Capital Limited Partnership lessened its holdings in shares of Veren Inc. (NYSE:VRN - Free Report) by 86.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 466,243 shares of the company's stock after selling 2,992,394 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.08% of Veren worth $2,395,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in Veren by 80.6% during 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. Arkadios Wealth Advisors bought a new position in shares of Veren in the 4th quarter valued at $59,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Veren during the 4th quarter valued at $71,000. Truist Financial Corp acquired a new stake in shares of Veren during the 4th quarter valued at $76,000. Finally, Corient Private Wealth LLC bought a new stake in Veren during the 4th quarter worth $98,000. Institutional investors own 49.37% of the company's stock.
Veren Trading Up 0.8 %
NYSE:VRN traded up $0.05 during mid-day trading on Tuesday, hitting $5.84. 8,844,599 shares of the company's stock were exchanged, compared to its average volume of 9,974,534. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.02. The company has a 50 day simple moving average of $5.70 and a 200-day simple moving average of $5.53. The firm has a market capitalization of $3.57 billion, a P/E ratio of 4.16 and a beta of 1.45.
Veren Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were given a dividend of $0.0797 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.46%. Veren's dividend payout ratio (DPR) is currently 100.00%.
About Veren
(
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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