Marshall Wace LLP decreased its position in Veren Inc. (NYSE:VRN - Free Report) by 51.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,025 shares of the company's stock after selling 56,675 shares during the quarter. Marshall Wace LLP's holdings in Veren were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 2,655 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Veren in the 4th quarter valued at approximately $59,000. Orion Portfolio Solutions LLC bought a new stake in shares of Veren in the 4th quarter valued at approximately $71,000. Truist Financial Corp purchased a new position in shares of Veren in the 4th quarter worth approximately $76,000. Finally, Seven Mile Advisory bought a new position in shares of Veren during the 4th quarter valued at approximately $77,000. 49.37% of the stock is currently owned by institutional investors.
Veren Trading Up 0.5 %
Shares of VRN stock traded up $0.03 during trading hours on Friday, reaching $6.04. 23,411,854 shares of the stock were exchanged, compared to its average volume of 11,084,214. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 4.31 and a beta of 0.93. Veren Inc. has a 12-month low of $4.40 and a 12-month high of $9.02. The company's 50-day moving average price is $5.99 and its 200-day moving average price is $5.50. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.
Veren Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were paid a $0.0797 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.27%. Veren's dividend payout ratio (DPR) 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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