Encompass Capital Advisors LLC reduced its position in Veren Inc. (NYSE:VRN - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,114,862 shares of the company's stock after selling 63,091 shares during the period. Veren comprises 1.6% of Encompass Capital Advisors LLC's investment portfolio, making the stock its 24th biggest position. Encompass Capital Advisors LLC owned approximately 1.33% of Veren worth $41,694,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Barclays PLC raised 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 acquiring an additional 100,279 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Veren in the third quarter worth $108,000. Tidal Investments LLC raised its holdings in shares of Veren by 90.6% in the third quarter. Tidal Investments LLC now owns 51,170 shares of the company's stock worth $315,000 after acquiring an additional 24,323 shares during the last quarter. Principal Financial Group Inc. raised 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 worth $24,899,000 after acquiring an additional 653,300 shares during the last quarter. Finally, JPMorgan Chase & Co. raised 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 acquiring an additional 225,827 shares during the last quarter. 49.37% of the stock is owned by hedge funds and other institutional investors.
Veren Price Performance
Shares of NYSE VRN traded up $0.03 during trading on Friday, reaching $6.04. The company had a trading volume of 28,329,954 shares, compared to its average volume of 11,086,122. Veren Inc. has a twelve month low of $4.40 and a twelve month high of $9.02. The stock has a market capitalization of $3.70 billion, a PE ratio of 4.31 and a beta of 0.93. The stock has a 50-day moving average price of $6.01 and a two-hundred day moving average price of $5.49. 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 Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were issued a $0.0797 dividend. 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 5.27%. Veren's dividend payout ratio (DPR) is 96.88%.
Veren Company Profile
(
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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