The Manufacturers Life Insurance Company decreased its position in shares of Veren Inc. (NYSE:VRN - Free Report) by 69.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,198,683 shares of the company's stock after selling 2,777,202 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.20% of Veren worth $6,171,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Veren by 80.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock worth $31,000 after purchasing an additional 2,655 shares in the last quarter. Nebula Research & Development LLC bought a new position in shares of Veren during the fourth quarter worth approximately $56,000. Arkadios Wealth Advisors acquired a new stake in shares of Veren in the fourth quarter valued at approximately $59,000. Orion Portfolio Solutions LLC bought a new stake in shares of Veren in the fourth quarter valued at approximately $71,000. Finally, Farringdon Capital Ltd. bought a new stake in shares of Veren in the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 49.37% of the company's stock.
Veren Stock Performance
Veren stock remained flat at $6.01 during mid-day trading on Tuesday. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 4.29 and a beta of 0.93. 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 firm's fifty day moving average is $6.04 and its 200 day moving average is $5.49. Veren Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.02.
Veren Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were issued a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a dividend yield of 5.30%. The ex-dividend date was Friday, March 14th. Veren's dividend payout ratio (DPR) is currently 96.88%.
Veren 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.
Featured Stories
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
