Balyasny Asset Management L.P. bought a new position in shares of Veren Inc. (NYSE:VRN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,430,258 shares of the company's stock, valued at approximately $12,492,000. Balyasny Asset Management L.P. owned approximately 0.40% of Veren as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ninepoint Partners LP lifted its holdings in shares of Veren by 16.6% during the fourth quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company's stock worth $108,454,000 after buying an additional 3,000,000 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in shares of Veren by 108.0% during the fourth quarter. Alberta Investment Management Corp now owns 689,400 shares of the company's stock worth $3,542,000 after buying an additional 358,000 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Veren by 19.3% during the third quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company's stock worth $24,899,000 after buying an additional 653,300 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Veren by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company's stock worth $10,201,000 after buying an additional 124,863 shares in the last quarter. Finally, Aviso Financial Inc. lifted its holdings in shares of Veren by 117.7% during the fourth quarter. Aviso Financial Inc. now owns 219,263 shares of the company's stock worth $1,127,000 after buying an additional 118,537 shares in the last quarter. Institutional investors and hedge funds own 49.37% of the company's stock.
Veren Stock Performance
Shares of VRN remained flat at $6.01 during midday trading on Wednesday. The company has a market cap of $3.68 billion, a P/E ratio of 4.29 and a beta of 0.93. The company has a 50-day simple moving average of $6.06 and a 200-day simple moving average of $5.49. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $9.02. 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 Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were paid a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Friday, March 14th. Veren's dividend payout ratio (DPR) is presently 96.88%.
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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