Veren Inc. (NYSE:VRN) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP reduced its stake in Veren Inc. (NYSE:VRN - Free Report) by 67.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,800 shares of the company's stock after selling 78,766 shares during the quarter. ExodusPoint Capital Management LP's holdings in Veren were worth $199,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ninepoint Partners LP lifted its position in shares of Veren by 16.6% during the fourth quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company's stock worth $108,454,000 after purchasing an additional 3,000,000 shares in the last quarter. Trexquant Investment LP increased its stake in Veren by 329.9% during the 4th quarter. Trexquant Investment LP now owns 1,489,872 shares of the company's stock worth $7,658,000 after buying an additional 1,143,293 shares during the period. South Dakota Investment Council lifted its holdings in Veren by 194.2% during the 4th quarter. South Dakota Investment Council now owns 1,731,831 shares of the company's stock worth $8,902,000 after buying an additional 1,143,159 shares in the last quarter. Principal Financial Group Inc. boosted its position in Veren by 19.3% in the 3rd quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company's stock valued at $24,899,000 after buying an additional 653,300 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Veren by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 25,082,135 shares of the company's stock worth $128,947,000 after acquiring an additional 507,176 shares in the last quarter. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Veren Stock Up 2.8 %

Shares of Veren stock traded up $0.17 during trading hours on Friday, reaching $6.13. 29,639,168 shares of the company were exchanged, compared to its average volume of 10,182,881. The firm has a market cap of $3.75 billion, a PE ratio of 4.38 and a beta of 1.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $9.02. The stock's fifty day moving average is $5.76 and its 200 day moving average is $5.53.

Veren Cuts Dividend

The business also recently declared 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 was Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.20%. Veren's dividend payout ratio (DPR) is 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.