Guardian Partners Inc. Acquires Shares of 26,159 Veren Inc. (NYSE:VRN)

Guardian Partners Inc. acquired a new stake in Veren Inc. (NYSE:VRN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,159 shares of the company’s stock, valued at approximately $142,000.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in Veren by 80.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock valued at $31,000 after acquiring an additional 2,655 shares during the period. Arkadios Wealth Advisors acquired a new stake in Veren in the fourth quarter valued at approximately $59,000. Truist Financial Corp acquired a new stake in Veren in the fourth quarter valued at approximately $76,000. Corient Private Wealth LLC purchased a new position in shares of Veren during the fourth quarter valued at approximately $98,000. Finally, Canoe Financial LP purchased a new position in shares of Veren during the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Stock Up 0.1 %

Shares of NYSE:VRN opened at $6.64 on Monday. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 4.74 and a beta of 2.08. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a 12-month low of $4.40 and a 12-month high of $9.02. The business’s 50 day moving average is $5.41 and its 200 day moving average is $5.56.

Veren Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be given a dividend of $0.0797 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.80%. 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.