Toronto Dominion Bank Purchases 1,437,145 Shares of Veren Inc. (NYSE:VRN)

Toronto Dominion Bank increased its position in Veren Inc. (NYSE:VRN - Free Report) by 259.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,991,047 shares of the company's stock after purchasing an additional 1,437,145 shares during the quarter. Toronto Dominion Bank owned approximately 0.33% of Veren worth $10,223,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VRN. JPMorgan Chase & Co. lifted its holdings in shares of Veren by 642.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 260,958 shares of the company's stock worth $1,605,000 after buying an additional 225,827 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of Veren in the fourth quarter valued at about $59,000. DGS Capital Management LLC lifted its stake in Veren by 302.3% in the fourth quarter. DGS Capital Management LLC now owns 76,814 shares of the company's stock worth $395,000 after acquiring an additional 57,719 shares during the period. Blue Trust Inc. lifted its stake in Veren by 56.3% in the fourth quarter. Blue Trust Inc. now owns 26,416 shares of the company's stock worth $136,000 after acquiring an additional 9,520 shares during the period. Finally, Gagnon Securities LLC grew its holdings in Veren by 44.2% during the 4th quarter. Gagnon Securities LLC now owns 1,086,791 shares of the company's stock worth $5,586,000 after acquiring an additional 333,270 shares in the last quarter. 49.37% of the stock is currently owned by hedge funds and other institutional investors.

Veren Stock Performance

NYSE VRN remained flat at $6.01 during trading on Monday. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $8.71. 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 firm has a market cap of $3.68 billion, a price-to-earnings ratio of 4.29 and a beta of 0.93. The company has a fifty day moving average price of $6.07 and a two-hundred day moving average price of $5.52.

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 issued a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a yield of 5.30%. The ex-dividend date was Friday, March 14th. Veren's payout ratio is 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.