Two Sigma Securities LLC decreased its holdings in shares of Veren Inc. (NYSE:VRN - Free Report) by 81.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,958 shares of the company's stock after selling 61,998 shares during the period. Two Sigma Securities LLC's holdings in Veren were worth $72,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Ninepoint Partners LP lifted its holdings in shares of Veren by 16.6% during the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company's stock valued at $108,454,000 after purchasing an additional 3,000,000 shares during the last quarter. Bornite Capital Management LP purchased a new stake in shares of Veren during the fourth quarter worth about $10,280,000. Canada Pension Plan Investment Board purchased a new stake in shares of Veren during the fourth quarter worth about $10,269,000. Trexquant Investment LP increased its holdings in shares of Veren by 329.9% during the fourth quarter. Trexquant Investment LP now owns 1,489,872 shares of the company's stock valued at $7,658,000 after acquiring an additional 1,143,293 shares in the last quarter. Finally, South Dakota Investment Council raised its position in shares of Veren by 194.2% in the 4th quarter. South Dakota Investment Council now owns 1,731,831 shares of the company's stock valued at $8,902,000 after purchasing an additional 1,143,159 shares during the last quarter. Institutional investors own 49.37% of the company's stock.
Veren Stock Performance
NYSE:VRN traded up $0.08 during trading hours on Tuesday, hitting $5.83. 29,512,356 shares of the company were exchanged, compared to its average volume of 10,911,308. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. Veren Inc. has a 52-week low of $4.40 and a 52-week high of $9.02. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 4.16 and a beta of 0.93. The company's 50 day moving average price is $5.95 and its 200-day moving average price is $5.49.
Veren Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were given a $0.0797 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Friday, March 14th. Veren's payout ratio is 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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