Graham Capital Management L.P. Boosts Stake in Veren Inc. (NYSE:VRN)

Graham Capital Management L.P. lifted its stake in shares of Veren Inc. (NYSE:VRN - Free Report) by 33.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 741,245 shares of the company's stock after purchasing 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ninepoint Partners LP raised its stake 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 valued at $108,454,000 after purchasing an additional 3,000,000 shares during the period. Alberta Investment Management Corp raised its stake in shares of Veren by 108.0% during the 4th quarter. Alberta Investment Management Corp now owns 689,400 shares of the company's stock valued at $3,542,000 after purchasing an additional 358,000 shares during the period. Principal Financial Group Inc. raised its stake in shares of Veren by 19.3% during the 3rd quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company's stock valued at $24,899,000 after purchasing an additional 653,300 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Veren by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company's stock valued at $10,201,000 after purchasing an additional 124,863 shares during the period. Finally, Aviso Financial Inc. raised its stake in shares of Veren by 117.7% during the 4th quarter. Aviso Financial Inc. now owns 219,263 shares of the company's stock valued at $1,127,000 after purchasing an additional 118,537 shares during the period. 49.37% of the stock is currently owned by institutional investors.

Veren Price Performance

Shares of NYSE:VRN remained flat at $6.01 during midday trading on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. Veren Inc. has a twelve month low of $4.40 and a twelve month high of $9.02. The firm has a market cap of $3.68 billion, a PE ratio of 4.29 and a beta of 0.93. The firm's 50 day moving average is $6.09 and its 200 day moving average is $5.49.

Veren Cuts Dividend

The firm 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. This represents a $0.32 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend was Friday, March 14th. Veren's payout ratio is 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.