Balyasny Asset Management L.P. bought a new stake in Veren Inc. (NYSE:VRN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,430,258 shares of the company's stock, valued at approximately $12,492,000. Balyasny Asset Management L.P. owned 0.40% of Veren at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Veren by 80.6% in the fourth 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. Nebula Research & Development LLC acquired a new position in Veren in the 4th quarter worth about $56,000. Arkadios Wealth Advisors acquired a new position in Veren in the 4th quarter worth about $59,000. Orion Portfolio Solutions LLC acquired a new position in Veren in the 4th quarter worth about $71,000. Finally, Farringdon Capital Ltd. acquired a new position in Veren in the 4th quarter worth about $74,000. 49.37% of the stock is owned by institutional investors and hedge funds.
Veren Price Performance
NYSE VRN traded up $0.03 during trading hours on Monday, reaching $6.04. The company's stock had a trading volume of 28,329,954 shares, compared to its average volume of 11,086,122. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 4.31 and a beta of 0.93. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $9.02. The company's 50-day moving average is $6.01 and its two-hundred day moving average is $5.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88.
Veren Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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 5.27%. The ex-dividend date was Friday, March 14th. Veren's dividend payout ratio (DPR) is 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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