Invenomic Capital Management LP grew its holdings in Veren Inc. (NYSE:VRN - Free Report) by 29.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,993,031 shares of the company's stock after acquiring an additional 453,672 shares during the period. Invenomic Capital Management LP owned about 0.33% of Veren worth $10,244,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VRN. EverSource Wealth Advisors LLC boosted its holdings in Veren by 80.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock valued at $31,000 after purchasing an additional 2,655 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in shares of Veren in the fourth quarter worth about $56,000. Arkadios Wealth Advisors acquired a new stake in Veren during the fourth quarter worth about $59,000. Orion Portfolio Solutions LLC purchased a new position in Veren during the fourth quarter valued at approximately $71,000. Finally, Farringdon Capital Ltd. acquired a new position in Veren in the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 49.37% of the company's stock.
Veren Price Performance
Shares of NYSE VRN opened at $6.04 on Friday. 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 $3.70 billion, a price-to-earnings ratio of 4.31 and a beta of 0.93. The firm's 50 day simple moving average is $6.01 and its 200-day simple moving average is $5.49. Veren Inc. has a 12 month low of $4.40 and a 12 month high of $9.02.
Veren Cuts Dividend
The company also recently declared 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 yield of 5.27%. Veren's dividend payout ratio is presently 96.88%.
Veren Company Profile
(
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.
See Also
Want to see what other hedge funds are holding VRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veren Inc. (NYSE:VRN - Free Report).
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