Veren Inc. (NYSE:VRN) Shares Purchased by Aviso Financial Inc.

Aviso Financial Inc. lifted its position in Veren Inc. (NYSE:VRN) by 117.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 219,263 shares of the company’s stock after acquiring an additional 118,537 shares during the period. Aviso Financial Inc.’s holdings in Veren were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. HITE Hedge Asset Management LLC acquired a new stake in Veren during the 3rd quarter worth about $65,155,000. Wexford Capital LP acquired a new stake in Veren during the 3rd quarter worth about $9,322,000. South Dakota Investment Council grew its position in Veren by 194.2% during the 4th quarter. South Dakota Investment Council now owns 1,731,831 shares of the company’s stock worth $8,902,000 after purchasing an additional 1,143,159 shares during the period. Foundry Partners LLC acquired a new stake in Veren during the 3rd quarter worth about $6,734,000. Finally, National Bank of Canada FI grew its position in Veren by 94.7% during the 3rd quarter. National Bank of Canada FI now owns 2,217,305 shares of the company’s stock worth $13,637,000 after purchasing an additional 1,078,596 shares during the period. 49.37% of the stock is owned by institutional investors and hedge funds.

Veren Price Performance

Shares of VRN opened at $6.11 on Friday. The business’s 50-day moving average is $5.30 and its two-hundred day moving average is $5.60. The company has a market capitalization of $3.74 billion, a P/E ratio of 4.36 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. Veren Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.02.

Veren Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be given a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a yield of 5.22%. The ex-dividend date is Friday, March 14th. Veren’s dividend payout ratio is currently 100.00%.

Veren 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.