PDT Partners LLC Sells 165,103 Shares of Veren Inc. (NYSE:VRN)

PDT Partners LLC trimmed its position in shares of Veren Inc. (NYSE:VRN - Free Report) by 20.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 630,152 shares of the company's stock after selling 165,103 shares during the quarter. PDT Partners LLC owned approximately 0.10% of Veren worth $3,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of VRN. EverSource Wealth Advisors LLC increased its holdings in shares of 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 in the last quarter. Alliancebernstein L.P. boosted its position in Veren by 4.8% in the 4th quarter. Alliancebernstein L.P. now owns 101,460 shares of the company's stock valued at $522,000 after buying an additional 4,640 shares during the last quarter. Virtus ETF Advisers LLC increased its stake in shares of Veren by 28.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 27,462 shares of the company's stock valued at $141,000 after buying an additional 6,088 shares during the period. Northwest & Ethical Investments L.P. raised its position in shares of Veren by 17.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 44,965 shares of the company's stock worth $231,000 after acquiring an additional 6,727 shares during the last quarter. Finally, Savant Capital LLC lifted its stake in shares of Veren by 67.0% during the fourth quarter. Savant Capital LLC now owns 21,399 shares of the company's stock valued at $110,000 after acquiring an additional 8,586 shares during the period. Institutional investors and hedge funds own 49.37% of the company's stock.

Veren Trading Down 0.2 %

Shares of NYSE VRN traded down $0.01 during mid-day trading on Friday, hitting $5.90. The company's stock had a trading volume of 28,676,046 shares, compared to its average volume of 10,785,511. Veren Inc. has a one year low of $4.40 and a one year high of $9.02. The company's fifty day simple moving average is $5.93 and its 200-day simple moving average is $5.50. 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 cap of $3.61 billion, a price-to-earnings ratio of 4.21 and a beta of 1.45.

Veren Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were issued a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date was Friday, March 14th. Veren's dividend payout ratio is presently 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.