Dynamic Technology Lab Private Ltd Sells 118,075 Shares of Veren Inc. (NYSE:VRN)

Dynamic Technology Lab Private Ltd cut its stake in shares of Veren Inc. (NYSE:VRN - Free Report) by 68.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,190 shares of the company's stock after selling 118,075 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Veren were worth $284,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Ninepoint Partners LP raised its holdings in shares of 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 buying an additional 3,000,000 shares during the last quarter. Bornite Capital Management LP bought a new position in shares of Veren in the fourth quarter worth about $10,280,000. Trexquant Investment LP lifted its position in shares of Veren by 329.9% during the fourth quarter. Trexquant Investment LP now owns 1,489,872 shares of the company's stock worth $7,658,000 after purchasing an additional 1,143,293 shares in the last quarter. South Dakota Investment Council grew its stake in shares of Veren by 194.2% during the fourth quarter. South Dakota Investment Council now owns 1,731,831 shares of the company's stock valued at $8,902,000 after purchasing an additional 1,143,159 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Veren by 19.3% in the third quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company's stock valued at $24,899,000 after purchasing an additional 653,300 shares in the last quarter. Institutional investors own 49.37% of the company's stock.

Veren Trading Up 4.2 %

VRN stock traded up $0.24 during trading on Wednesday, hitting $5.99. The company had a trading volume of 8,296,645 shares, compared to its average volume of 21,549,781. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 4.29 and a beta of 1.45. 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 firm has a 50-day moving average price of $5.71 and a 200-day moving average price of $5.53. Veren Inc. has a 12 month low of $4.39 and a 12 month high of $9.28.

Veren Cuts Dividend

The company also recently announced 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 of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.32%. Veren's payout ratio is currently 96.88%.

About Veren

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.