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

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

Several other institutional investors and hedge funds have also modified their holdings of VRN. Maven Securities LTD bought a new position in shares of Veren in the fourth quarter worth about $79,000. Invenomic Capital Management LP raised its stake in shares of Veren by 29.5% in the fourth quarter. Invenomic Capital Management LP now owns 1,993,031 shares of the company's stock valued at $10,244,000 after acquiring an additional 453,672 shares during the period. Graham Capital Management L.P. lifted its stake in Veren by 33.7% in the fourth quarter. Graham Capital Management L.P. now owns 741,245 shares of the company's stock worth $3,810,000 after purchasing an additional 186,878 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Veren by 140.3% during the 4th quarter. Deutsche Bank AG now owns 75,075 shares of the company's stock worth $386,000 after acquiring an additional 43,828 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Veren by 4,459.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,451,891 shares of the company's stock valued at $7,460,000 after purchasing an additional 1,420,047 shares during the period. Hedge funds and other institutional investors own 49.37% of the company's stock.

Veren Stock Performance

VRN stock remained flat at $6.01 during mid-day trading on Monday. Veren Inc. has a 12-month low of $4.40 and a 12-month high of $8.71. The company has a market capitalization of $3.68 billion, a P/E ratio of 4.29 and a beta of 0.93. The business's fifty day moving average is $6.07 and its 200 day moving average is $5.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88.

Veren Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Friday, March 14th. Veren's dividend payout ratio (DPR) is presently 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.