Veren Inc. (NYSE:VRN) Shares Sold by GMT Capital Corp

GMT Capital Corp decreased its stake in shares of Veren Inc. (NYSE:VRN - Free Report) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,135,156 shares of the company's stock after selling 1,051,900 shares during the quarter. Veren comprises 2.3% of GMT Capital Corp's holdings, making the stock its 16th biggest position. GMT Capital Corp owned approximately 1.49% of Veren worth $46,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Veren by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 25,082,135 shares of the company's stock worth $128,947,000 after buying an additional 507,176 shares during the last quarter. Ninepoint Partners LP increased its holdings in Veren by 16.6% in the fourth quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company's stock valued at $108,454,000 after buying an additional 3,000,000 shares in the last quarter. Invesco Ltd. increased its stake in shares of Veren by 1.2% in the 4th quarter. Invesco Ltd. now owns 6,099,882 shares of the company's stock valued at $31,353,000 after purchasing an additional 69,969 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Veren by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company's stock worth $21,562,000 after purchasing an additional 158,200 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in Veren by 0.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,606,560 shares of the company's stock worth $18,465,000 after purchasing an additional 23,909 shares in the last quarter. Hedge funds and other institutional investors own 49.37% of the company's stock.

Veren Price Performance

Shares of Veren stock traded up $0.06 on Monday, reaching $6.19. The company's stock had a trading volume of 10,229,528 shares, compared to its average volume of 10,469,311. Veren Inc. has a 52-week low of $4.40 and a 52-week high of $9.02. The company has a market capitalization of $3.78 billion, a P/E ratio of 4.42 and a beta of 1.45. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $5.84 and a 200-day moving average price of $5.50.

Veren Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were given a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Friday, March 14th. Veren's dividend payout ratio is presently 96.88%.

About Veren

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.