Graham Capital Management L.P. Has $3.81 Million Stake in Veren Inc. (NYSE:VRN)

Graham Capital Management L.P. grew its position in Veren Inc. (NYSE:VRN - Free Report) by 33.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 741,245 shares of the company's stock after acquiring an additional 186,878 shares during the quarter. Graham Capital Management L.P. owned 0.12% of Veren worth $3,810,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Veren by 2.1% during the 4th 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 period. Ninepoint Partners LP lifted its position in shares of Veren by 16.6% during the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company's stock worth $108,454,000 after buying an additional 3,000,000 shares during the period. Invesco Ltd. lifted its position in shares of Veren by 1.2% during the 4th quarter. Invesco Ltd. now owns 6,099,882 shares of the company's stock worth $31,353,000 after buying an additional 69,969 shares during the period. Principal Financial Group Inc. lifted its position in shares of Veren by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company's stock worth $21,562,000 after buying an additional 158,200 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Veren by 0.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,606,560 shares of the company's stock worth $18,465,000 after buying an additional 23,909 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 midday trading on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. 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 Inc. has a 12 month low of $4.40 and a 12 month high of $9.02. The company's 50 day moving average is $6.06 and its 200 day moving average is $5.49.

Veren Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were given 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 dividend yield of 5.30%. Veren's dividend payout ratio (DPR) is presently 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.