Millennium Management LLC decreased its holdings in Veren Inc. (NYSE:VRN - Free Report) by 17.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,545,472 shares of the company's stock after selling 1,168,769 shares during the quarter. Millennium Management LLC owned approximately 0.91% of Veren worth $28,495,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Veren by 80.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock valued at $31,000 after purchasing an additional 2,655 shares during the period. Nebula Research & Development LLC purchased a new stake in shares of Veren during the 4th quarter valued at $56,000. Arkadios Wealth Advisors purchased a new stake in shares of Veren during the 4th quarter valued at $59,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Veren during the 4th quarter worth $71,000. Finally, Farringdon Capital Ltd. purchased a new position in shares of Veren in the 4th quarter worth $74,000. Hedge funds and other institutional investors own 49.37% of the company's stock.
Veren Price Performance
Shares of Veren stock opened at $6.01 on Tuesday. The business's fifty day moving average price is $6.09 and its 200 day moving average price is $5.50. Veren Inc. has a twelve month low of $4.40 and a twelve month high of $9.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $3.68 billion, a P/E ratio of 4.29 and a beta of 0.93.
Veren Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were paid a $0.0797 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend was Friday, March 14th. Veren's dividend payout ratio is currently 96.88%.
Veren Company Profile
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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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