Dimensional Fund Advisors LP trimmed its holdings in shares of Veren Inc. (NYSE:VRN - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,816,046 shares of the company's stock after selling 2,199,249 shares during the quarter. Dimensional Fund Advisors LP owned 1.44% of Veren worth $45,314,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the business. Ninepoint Partners LP raised its holdings in Veren by 16.6% in the fourth quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company's stock valued at $108,454,000 after acquiring an additional 3,000,000 shares in the last quarter. Bornite Capital Management LP bought a new position in shares of Veren during the fourth quarter worth about $10,280,000. Canada Pension Plan Investment Board acquired a new position in Veren in the fourth quarter worth about $10,269,000. Trexquant Investment LP increased its holdings in Veren by 329.9% in the fourth quarter. Trexquant Investment LP now owns 1,489,872 shares of the company's stock valued at $7,658,000 after buying an additional 1,143,293 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in Veren by 194.2% in the fourth quarter. South Dakota Investment Council now owns 1,731,831 shares of the company's stock valued at $8,902,000 after buying an additional 1,143,159 shares during the last quarter. Institutional investors and hedge funds own 49.37% of the company's stock.
Veren Stock Performance
Shares of Veren stock traded down $0.02 during trading hours on Friday, reaching $5.99. The company's stock had a trading volume of 11,089,565 shares, compared to its average volume of 11,020,272. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. The company's 50 day simple moving average is $5.99 and its 200 day simple moving average is $5.50. Veren Inc. has a one year low of $4.40 and a one year high of $9.02. The stock has a market cap of $3.66 billion, a P/E ratio of 4.28 and a beta of 0.93.
Veren Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were given a dividend of $0.0797 per share. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 5.32%. 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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