1 week Ago By Defense World Staff
Corient Private Wealth LLC bought a new position in shares of Veren Inc. (NYSE:VRN – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,058 shares of the company’s stock, valued at approximately $98,000.
Other large investors also recently modified their holdings of the company. Ninepoint Partners LP boosted its position in Veren by 16.6% during the 4th quarter.
Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock worth $108,454,000 after buying an additional 3,000,000 shares during the period. Barclays PLC raised its stake in shares of Veren by 313.7% during the third quarter.
Barclays PLC now owns 132,245 shares of the company’s stock valued at $813,000 after acquiring an additional 100,279 shares during the last quarter. Alberta Investment Management Corp lifted its holdings in shares of Veren by 108.0% during the fourth quarter.
Alberta Investment Management Corp now owns 689,400 shares of the company’s stock worth $3,542,000 after purchasing an additional 358,000 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Veren by 19.
3% during the third quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company’s stock worth $24,899,000 after purchasing an additional 653,300 shares during the period.
Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Veren by 6.7% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company’s stock worth $10,201,000 after purchasing an additional 124,863 shares during the last quarter. 49.
37% of the stock is currently owned by institutional investors. Veren Price PerformanceShares of VRN opened at $6.66 on Thursday.
The business has a 50-day moving average of $5.60 and a 200-day moving average of $5.58.
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 company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 4.
76 and a beta of 2.08. Veren Inc.
has a 1 year low of $4.40 and a 1 year high of $9.02.
Veren Cuts DividendThe firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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 yield of 4.
78%. Veren’s payout ratio is currently 100.00%.
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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