D. E. Shaw & Co. Inc. increased its position in shares of Veren Inc. (NYSE:VRN - Free Report) by 4,459.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,451,891 shares of the company's stock after purchasing an additional 1,420,047 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.24% of Veren worth $7,460,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake 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 valued at $31,000 after buying an additional 2,655 shares in the last quarter. Nebula Research & Development LLC bought a new stake in shares of Veren during the fourth quarter valued at approximately $56,000. Arkadios Wealth Advisors bought a new position in Veren in the 4th quarter worth approximately $59,000. Orion Portfolio Solutions LLC acquired a new position in Veren during the 4th quarter worth $71,000. Finally, Farringdon Capital Ltd. bought a new position in Veren in the 4th quarter valued at $74,000. 49.37% of the stock is owned by institutional investors.
Veren Price Performance
Shares of VRN stock remained flat at $6.01 on Wednesday. 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 twelve month low of $4.40 and a twelve month high of $8.81. The company has a market capitalization of $3.68 billion, a PE ratio of 4.29 and a beta of 0.93. The firm's 50-day moving average is $6.09 and its 200-day moving average is $5.50.
Veren Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were issued a dividend of $0.0797 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.30%. 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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