D. E. Shaw & Co. Inc. grew its stake in shares of Veren Inc. (NYSE:VRN - Free Report) by 4,459.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,451,891 shares of the company's stock after acquiring an additional 1,420,047 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.24% of Veren worth $7,460,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in VRN. Barclays PLC lifted its holdings in shares of Veren by 313.7% in the third quarter. Barclays PLC now owns 132,245 shares of the company's stock worth $813,000 after buying an additional 100,279 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Veren by 642.8% in the third quarter. JPMorgan Chase & Co. now owns 260,958 shares of the company's stock worth $1,605,000 after buying an additional 225,827 shares in the last quarter. Canoe Financial LP purchased a new position in shares of Veren in the fourth quarter worth $103,000. Arkadios Wealth Advisors purchased a new position in shares of Veren in the fourth quarter worth $59,000. Finally, DGS Capital Management LLC increased its position in Veren by 302.3% in the fourth quarter. DGS Capital Management LLC now owns 76,814 shares of the company's stock worth $395,000 after purchasing an additional 57,719 shares during the last quarter. Hedge funds and other institutional investors own 49.37% of the company's stock.
Veren Stock Performance
VRN stock remained flat at $6.01 during mid-day trading on Monday. 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 firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 4.29 and a beta of 0.93. The firm's fifty day moving average is $6.09 and its 200-day moving average is $5.49.
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 paid a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date was Friday, March 14th. 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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