Russell Investments Group Ltd. Has $264,000 Holdings in Veren Inc. (NYSE:VRN)

Russell Investments Group Ltd. trimmed its stake in Veren Inc. (NYSE:VRN - Free Report) by 55.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,444 shares of the company's stock after selling 64,002 shares during the period. Russell Investments Group Ltd.'s holdings in Veren were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in Veren by 11.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 332,392 shares of the company's stock valued at $1,708,000 after acquiring an additional 32,846 shares during the last quarter. Foundry Partners LLC boosted its position in Veren by 17.9% during the 4th quarter. Foundry Partners LLC now owns 1,291,243 shares of the company's stock worth $6,637,000 after purchasing an additional 196,333 shares during the period. Bornite Capital Management LP acquired a new position in Veren during the 4th quarter worth approximately $10,280,000. Trexquant Investment LP lifted its holdings in Veren by 329.9% in the 4th quarter. Trexquant Investment LP now owns 1,489,872 shares of the company's stock worth $7,658,000 after buying an additional 1,143,293 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Veren by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 398,943 shares of the company's stock valued at $2,067,000 after buying an additional 18,557 shares during the last quarter. 49.37% of the stock is owned by hedge funds and other institutional investors.

Veren Stock Performance

Shares of NYSE VRN traded down $0.17 during trading on Wednesday, reaching $5.92. The stock had a trading volume of 30,723,141 shares, compared to its average volume of 10,607,446. The firm's 50 day moving average price is $5.89 and its two-hundred day moving average price is $5.51. 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 one year low of $4.40 and a one year high of $9.02. The stock has a market cap of $3.62 billion, a PE ratio of 4.23 and a beta of 1.45.

Veren Cuts Dividend

The firm 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 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend was Friday, March 14th. Veren's dividend payout ratio (DPR) 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.