Two Sigma Securities LLC lowered its holdings in Veren Inc. (NYSE:VRN - Free Report) by 81.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,958 shares of the company's stock after selling 61,998 shares during the quarter. Two Sigma Securities LLC's holdings in Veren were worth $72,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 2,655 shares during the last quarter. Alliancebernstein L.P. lifted its position in Veren by 4.8% during the fourth quarter. Alliancebernstein L.P. now owns 101,460 shares of the company's stock valued at $522,000 after purchasing an additional 4,640 shares during the last quarter. Northwest & Ethical Investments L.P. increased 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 period. Savant Capital LLC raised its stake in shares of Veren by 67.0% during the 4th quarter. Savant Capital LLC now owns 21,399 shares of the company's stock worth $110,000 after acquiring an additional 8,586 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Veren by 56.3% during the 4th quarter. Blue Trust Inc. now owns 26,416 shares of the company's stock worth $136,000 after buying an additional 9,520 shares during the last quarter. 49.37% of the stock is currently owned by institutional investors and hedge funds.
Veren Trading Up 3.3 %
Shares of Veren stock traded up $0.19 during trading hours on Thursday, hitting $6.03. The company's stock had a trading volume of 9,905,942 shares, compared to its average volume of 10,977,583. Veren Inc. has a twelve month low of $4.40 and a twelve month high of $9.02. The firm has a fifty day moving average of $5.97 and a 200-day moving average of $5.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 4.31 and a beta of 0.93.
Veren Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 yield of 5.28%. Veren's dividend payout ratio 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.
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