Canada Pension Plan Investment Board Invests $10.27 Million in Veren Inc. (NYSE:VRN)

Canada Pension Plan Investment Board bought a new stake in Veren Inc. (NYSE:VRN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,000,000 shares of the company's stock, valued at approximately $10,269,000. Canada Pension Plan Investment Board owned 0.33% of Veren as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VRN. MML Investors Services LLC purchased a new position in shares of Veren in the 3rd quarter worth about $163,000. Barclays PLC raised its holdings in Veren by 313.7% in the third quarter. Barclays PLC now owns 132,245 shares of the company's stock valued at $813,000 after buying an additional 100,279 shares during the period. Geode Capital Management LLC raised its holdings in Veren by 4.3% in the third quarter. Geode Capital Management LLC now owns 380,386 shares of the company's stock valued at $2,351,000 after buying an additional 15,594 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Veren during the third quarter valued at approximately $108,000. Finally, Tidal Investments LLC grew its stake in Veren by 90.6% during the third quarter. Tidal Investments LLC now owns 51,170 shares of the company's stock worth $315,000 after buying an additional 24,323 shares during the period. Institutional investors and hedge funds own 49.37% of the company's stock.

Veren Trading Up 0.5 %

Shares of VRN stock traded up $0.03 during mid-day trading on Friday, reaching $6.14. The company's stock had a trading volume of 21,609,815 shares, compared to its average volume of 10,466,544. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $3.76 billion, a PE ratio of 4.39 and a beta of 1.45. The company's 50 day simple moving average is $5.84 and its 200-day simple moving average is $5.50. Veren Inc. has a 12-month low of $4.40 and a 12-month high of $9.02.

Veren Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were given a $0.0797 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.19%. The ex-dividend date was Friday, March 14th. Veren's payout ratio is 96.88%.

Veren Profile

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.