Dimensional Fund Advisors LP Reduces Stock Position in Veren Inc. (NYSE:VRN)

Dimensional Fund Advisors LP lessened 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 filing with the Securities and Exchange Commission. The institutional investor owned 8,816,046 shares of the company's stock after selling 2,199,249 shares during the period. Dimensional Fund Advisors LP owned 1.44% of Veren worth $45,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its holdings in Veren by 36.1% in the fourth quarter. First Trust Advisors LP now owns 1,357,931 shares of the company's stock worth $6,980,000 after purchasing an additional 360,263 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Veren during the 4th quarter valued at $10,269,000. Farringdon Capital Ltd. purchased a new position in Veren during the 4th quarter valued at $74,000. Stonehaven Wealth & Tax Solutions LLC bought a new stake in Veren during the 4th quarter valued at $87,000. Finally, NFP Retirement Inc. raised its holdings in Veren by 31.1% in the fourth quarter. NFP Retirement Inc. now owns 60,000 shares of the company's stock worth $308,000 after purchasing an additional 14,250 shares in the last quarter. Institutional investors own 49.37% of the company's stock.

Veren Stock Up 1.3 %

Shares of VRN traded up $0.08 during mid-day trading on Tuesday, hitting $5.83. 29,512,356 shares of the company traded hands, compared to its average volume of 10,911,310. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $9.02. The company has a market capitalization of $3.56 billion, a PE ratio of 4.16 and a beta of 0.93. The business has a 50 day moving average of $5.95 and a 200 day moving average of $5.49.

Veren Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were paid a $0.0797 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Friday, March 14th. Veren's dividend payout ratio is currently 96.88%.

Veren Company 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.