CoreCommodity Management LLC grew its stake in shares of Veren Inc. (NYSE:VRN - Free Report) by 738.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 333,208 shares of the company's stock after purchasing an additional 293,490 shares during the quarter. CoreCommodity Management LLC owned 0.05% of Veren worth $1,710,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ninepoint Partners LP increased its holdings in Veren by 16.6% during the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company's stock worth $108,454,000 after purchasing an additional 3,000,000 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Veren in the fourth quarter worth $12,492,000. Bornite Capital Management LP acquired a new stake in Veren in the fourth quarter valued at $10,280,000. Canada Pension Plan Investment Board bought a new position in Veren during the 4th quarter valued at $10,269,000. Finally, Trexquant Investment LP grew its holdings in Veren by 329.9% during the 4th quarter. Trexquant Investment LP now owns 1,489,872 shares of the company's stock worth $7,658,000 after acquiring an additional 1,143,293 shares in the last quarter. Hedge funds and other institutional investors own 49.37% of the company's stock.
Veren Stock Performance
NYSE:VRN traded up $0.03 during trading hours on Friday, reaching $6.04. 28,329,954 shares of the stock were exchanged, compared to its average volume of 11,086,122. Veren Inc. has a 52 week low of $4.40 and a 52 week 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. The stock has a market capitalization of $3.70 billion, a P/E ratio of 4.31 and a beta of 0.93. The firm has a 50 day simple moving average of $6.01 and a 200-day simple moving average of $5.50.
Veren Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 5.27%. Veren's dividend payout ratio is currently 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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