Marshall Wace LLP reduced its position in shares of Veren Inc. (NYSE:VRN - Free Report) by 51.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of VRN. Ninepoint Partners LP increased its stake in shares of Veren by 16.6% during the fourth quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company's stock valued at $108,454,000 after buying an additional 3,000,000 shares during the period. Alberta Investment Management Corp grew its holdings in Veren by 108.0% during the 4th quarter. Alberta Investment Management Corp now owns 689,400 shares of the company's stock worth $3,542,000 after acquiring an additional 358,000 shares in the last quarter. Principal Financial Group Inc. increased its position in Veren by 19.3% during the 3rd quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company's stock valued at $24,899,000 after purchasing an additional 653,300 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Veren by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company's stock valued at $10,201,000 after purchasing an additional 124,863 shares in the last quarter. Finally, Aviso Financial Inc. lifted its position in shares of Veren by 117.7% in the 4th quarter. Aviso Financial Inc. now owns 219,263 shares of the company's stock worth $1,127,000 after purchasing an additional 118,537 shares during the period. 49.37% of the stock is owned by institutional investors.
Veren Stock Up 0.5 %
Shares of NYSE VRN traded up $0.03 during midday trading on Friday, reaching $6.04. 28,329,954 shares of the company's stock traded hands, compared to its average volume of 11,086,122. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 4.31 and a beta of 0.93. Veren Inc. has a one year low of $4.40 and a one year high of $9.02. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. The stock's 50 day simple moving average is $6.01 and its 200-day simple moving average is $5.49.
Veren Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were issued a $0.0797 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.27%. Veren's dividend payout ratio is presently 96.88%.
Veren Company 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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