Toronto Dominion Bank lifted its stake in shares of Veren Inc. (NYSE:VRN - Free Report) by 259.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,991,047 shares of the company's stock after acquiring an additional 1,437,145 shares during the quarter. Toronto Dominion Bank owned 0.33% of Veren worth $10,223,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock worth $31,000 after acquiring an additional 2,655 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Veren by 4.8% during the 4th quarter. Alliancebernstein L.P. now owns 101,460 shares of the company's stock worth $522,000 after acquiring an additional 4,640 shares in the last quarter. Virtus ETF Advisers LLC boosted its position in shares of Veren by 28.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 27,462 shares of the company's stock worth $141,000 after buying an additional 6,088 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in shares of Veren by 17.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 44,965 shares of the company's stock valued at $231,000 after buying an additional 6,727 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in shares of Veren by 67.0% during the fourth quarter. Savant Capital LLC now owns 21,399 shares of the company's stock valued at $110,000 after buying an additional 8,586 shares in the last quarter. 49.37% of the stock is owned by institutional investors.
Veren Price Performance
Shares of VRN stock remained flat at $6.01 on Friday. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $8.71. 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 firm has a market cap of $3.68 billion, a P/E ratio of 4.29 and a beta of 0.93. The company's 50-day moving average price is $6.07 and its two-hundred day moving average price is $5.52.
Veren Cuts Dividend
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 5.30%. Veren's dividend payout ratio is 96.88%.
Veren Profile
(
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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