First Trust Advisors LP raised its holdings in Veren Inc. (NYSE:VRN - Free Report) by 36.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,357,931 shares of the company's stock after buying an additional 360,263 shares during the quarter. First Trust Advisors LP owned 0.22% of Veren worth $6,980,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in Veren by 80.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock valued at $31,000 after acquiring an additional 2,655 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Veren by 4.8% during the 4th quarter. Alliancebernstein L.P. now owns 101,460 shares of the company's stock valued at $522,000 after acquiring an additional 4,640 shares in the last quarter. Northwest & Ethical Investments L.P. increased its stake in Veren by 17.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 44,965 shares of the company's stock valued at $231,000 after acquiring an additional 6,727 shares during the period. Savant Capital LLC raised its position in Veren by 67.0% in the fourth quarter. Savant Capital LLC now owns 21,399 shares of the company's stock worth $110,000 after purchasing an additional 8,586 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Veren by 56.3% during the fourth quarter. Blue Trust Inc. now owns 26,416 shares of the company's stock valued at $136,000 after purchasing an additional 9,520 shares in the last quarter. 49.37% of the stock is owned by institutional investors.
Veren Price Performance
Shares of Veren stock traded down $0.16 during midday trading on Monday, hitting $5.76. 5,771,947 shares of the company were exchanged, compared to its average volume of 10,771,600. The firm has a 50 day simple moving average of $5.93 and a 200-day simple moving average of $5.49. Veren Inc. has a 52 week low of $4.40 and a 52 week high of $9.02. The firm has a market cap of $3.52 billion, a P/E ratio of 4.12 and a beta of 1.45. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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 annualized dividend and a yield of 5.53%. Veren's dividend payout ratio is 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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