Wexford Capital LP lowered its position in shares of Veren Inc. (NYSE:VRN - Free Report) by 92.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 121,212 shares of the company's stock after selling 1,392,544 shares during the quarter. Wexford Capital LP's holdings in Veren were worth $623,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming raised its position in shares of Veren by 44.7% during the fourth quarter. State of Wyoming now owns 10,736 shares of the company's stock worth $55,000 after acquiring an additional 3,319 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Veren by 259.5% during the fourth quarter. Toronto Dominion Bank now owns 1,991,047 shares of the company's stock worth $10,223,000 after acquiring an additional 1,437,145 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of Veren during the fourth quarter worth $54,000. Maven Securities LTD bought a new stake in shares of Veren during the fourth quarter worth $79,000. Finally, Invenomic Capital Management LP grew its stake in shares of Veren by 29.5% during the fourth quarter. Invenomic Capital Management LP now owns 1,993,031 shares of the company's stock worth $10,244,000 after purchasing an additional 453,672 shares during the period. Institutional investors own 49.37% of the company's stock.
Veren Price Performance
Shares of Veren stock remained flat at $6.01 during trading on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $8.71. The firm has a 50 day simple moving average of $6.07 and a 200 day simple moving average of $5.52. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 4.29 and a beta of 0.93.
Veren Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were paid a dividend of $0.0797 per share. The ex-dividend date of this dividend 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 (DPR) is presently 96.88%.
About Veren
(
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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