JPMorgan Chase & Co. lifted its position in shares of Veren Inc. (NYSE:VRN - Free Report) by 58.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 412,447 shares of the company's stock after buying an additional 151,489 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.07% of Veren worth $2,120,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock worth $31,000 after buying an additional 2,655 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Veren during the fourth quarter valued at about $59,000. Truist Financial Corp bought a new stake in Veren during the fourth quarter valued at about $76,000. Wilmington Savings Fund Society FSB bought a new stake in Veren during the third quarter valued at about $108,000. Finally, Corient Private Wealth LLC bought a new stake in Veren during the fourth quarter valued at about $98,000. Institutional investors own 49.37% of the company's stock.
Veren Stock Down 1.5 %
VRN stock traded down $0.10 during trading on Tuesday, reaching $6.10. 15,664,785 shares of the company traded hands, compared to its average volume of 10,523,275. Veren Inc. has a 12 month low of $4.40 and a 12 month high of $9.02. The business has a 50 day simple moving average of $5.87 and a 200 day simple moving average of $5.50. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 4.35 and a beta of 1.45. 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 Cuts Dividend
The business also recently disclosed 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 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend was Friday, March 14th. Veren's payout ratio is currently 96.88%.
About Veren
(
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
Before you consider Veren, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veren wasn't on the list.
While Veren currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
