Tejara Capital Ltd Acquires New Shares in Veren Inc. (NYSE:VRN)

Tejara Capital Ltd acquired a new stake in shares of Veren Inc. (NYSE:VRN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 146,270 shares of the company’s stock, valued at approximately $752,000.

Several other institutional investors also recently modified their holdings of VRN. EverSource Wealth Advisors LLC boosted its position in Veren by 80.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock worth $31,000 after purchasing an additional 2,655 shares during the last quarter. Savant Capital LLC boosted its position in Veren by 67.0% in the fourth quarter. Savant Capital LLC now owns 21,399 shares of the company’s stock worth $110,000 after purchasing an additional 8,586 shares during the last quarter. Blue Trust Inc. boosted its position in Veren by 56.3% in the fourth quarter. Blue Trust Inc. now owns 26,416 shares of the company’s stock worth $136,000 after purchasing an additional 9,520 shares during the last quarter. K.J. Harrison & Partners Inc boosted its position in Veren by 16.3% in the fourth quarter. K.J. Harrison & Partners Inc now owns 71,228 shares of the company’s stock worth $374,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in Veren in the fourth quarter worth about $59,000. 49.37% of the stock is owned by hedge funds and other institutional investors.

Veren Trading Up 3.7 %

Shares of NYSE:VRN opened at $6.33 on Tuesday. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 4.52 and a beta of 2.08. 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’s 50-day simple moving average is $5.32 and its two-hundred day simple moving average is $5.57. Veren Inc. has a 52-week low of $4.40 and a 52-week high of $9.02.

Veren Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be given a $0.0797 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.04%. Veren’s payout ratio is 100.00%.

Veren Company Profile

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.