Veren Inc. (NYSE:VRN) Shares Sold by Man Group plc

Man Group plc lessened its holdings in Veren Inc. (NYSE:VRN - Free Report) by 67.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,137,448 shares of the company's stock after selling 2,382,503 shares during the period. Man Group plc owned about 0.19% of Veren worth $5,846,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position in Veren by 80.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock worth $31,000 after buying an additional 2,655 shares during the last quarter. Nebula Research & Development LLC purchased a new position in shares of Veren during the fourth quarter valued at $56,000. Arkadios Wealth Advisors bought a new stake in shares of Veren in the fourth quarter valued at about $59,000. Orion Portfolio Solutions LLC bought a new stake in shares of Veren in the fourth quarter valued at about $71,000. Finally, Farringdon Capital Ltd. bought a new stake in shares of Veren in the fourth quarter valued at about $74,000. Institutional investors own 49.37% of the company's stock.

Veren Price Performance

Shares of VRN stock remained flat at $6.01 on Friday. 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 stock's 50 day moving average is $6.07 and its 200-day moving average is $5.52. The company has a market capitalization of $3.68 billion, a PE ratio of 4.29 and a beta of 0.93. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $8.71.

Veren Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 dividend yield of 5.30%. Veren's dividend payout ratio (DPR) 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.