Scotia Capital Inc. lessened its stake in Veren Inc. (NYSE:VRN - Free Report) by 42.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,937,827 shares of the company's stock after selling 1,406,930 shares during the quarter. Scotia Capital Inc. owned about 0.32% of Veren worth $9,934,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRN. EverSource Wealth Advisors LLC boosted its stake in Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock valued at $31,000 after acquiring an additional 2,655 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Veren during the 4th quarter worth $59,000. Orion Portfolio Solutions LLC acquired a new stake in Veren during the 4th quarter valued at $71,000. Truist Financial Corp acquired a new stake in shares of Veren during the fourth quarter worth approximately $76,000. Finally, Seven Mile Advisory acquired a new stake in shares of Veren during the 4th quarter valued at $77,000. 49.37% of the stock is currently owned by institutional investors and hedge funds.
Veren Stock Up 4.3 %
Shares of VRN stock traded up $0.25 on Wednesday, hitting $6.00. The company's stock had a trading volume of 13,030,830 shares, compared to its average volume of 10,050,894. Veren Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.02. The firm's fifty day moving average price is $5.71 and its 200-day moving average price is $5.53. 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 $3.67 billion, a price-to-earnings ratio of 4.29 and a beta of 1.45.
Veren Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.31%. 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.
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