Veren Inc. (NYSE:VRN) Shares Purchased by Invenomic Capital Management LP

Invenomic Capital Management LP grew its holdings in shares of Veren Inc. (NYSE:VRN - Free Report) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,993,031 shares of the company's stock after purchasing an additional 453,672 shares during the quarter. Invenomic Capital Management LP owned approximately 0.33% of Veren worth $10,244,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings 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 acquiring an additional 507,176 shares during the period. Ninepoint Partners LP grew its position in Veren by 16.6% in the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company's stock valued at $108,454,000 after acquiring an additional 3,000,000 shares in the last quarter. Invesco Ltd. lifted its position in shares of Veren by 1.2% during the fourth quarter. Invesco Ltd. now owns 6,099,882 shares of the company's stock worth $31,353,000 after purchasing an additional 69,969 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Veren by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company's stock valued at $21,562,000 after purchasing an additional 158,200 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Veren by 0.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,606,560 shares of the company's stock valued at $18,465,000 after purchasing an additional 23,909 shares during the period. Institutional investors and hedge funds own 49.37% of the company's stock.

Veren Price Performance

VRN remained flat at $6.01 during trading hours on Friday. Veren Inc. has a 52 week low of $4.40 and a 52 week high of $9.02. The company has a 50 day moving average price of $6.09 and a two-hundred day moving average price of $5.49. 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 company has a market capitalization of $3.68 billion, a PE ratio of 4.29 and a beta of 0.93.

Veren Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were given a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Friday, March 14th. Veren's dividend payout ratio is currently 96.88%.

Veren 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.