Veren Inc. (NYSE:VRN) Shares Bought by Ninepoint Partners LP

Ninepoint Partners LP lifted its holdings in Veren Inc. (NYSE:VRN) by 16.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,100,000 shares of the company’s stock after acquiring an additional 3,000,000 shares during the period. Veren makes up 15.9% of Ninepoint Partners LP’s portfolio, making the stock its biggest position. Ninepoint Partners LP’s holdings in Veren were worth $108,454,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Aviso Financial Inc. grew its holdings in Veren by 117.7% during the 4th quarter. Aviso Financial Inc. now owns 219,263 shares of the company’s stock valued at $1,127,000 after purchasing an additional 118,537 shares in the last quarter. Swiss National Bank grew its holdings in Veren by 5.6% during the 4th quarter. Swiss National Bank now owns 1,220,200 shares of the company’s stock valued at $6,270,000 after purchasing an additional 64,300 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock valued at $31,000 after purchasing an additional 2,655 shares in the last quarter. Aigen Investment Management LP grew its holdings in Veren by 35.9% during the 4th quarter. Aigen Investment Management LP now owns 268,584 shares of the company’s stock valued at $1,381,000 after purchasing an additional 70,922 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Veren during the 4th quarter valued at $164,000. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Price Performance

VRN opened at $6.11 on Friday. The company has a fifty day simple moving average of $5.30 and a 200 day simple moving average of $5.59. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 4.36 and a beta of 2.08. Veren Inc. has a twelve month low of $4.40 and a twelve month high of $9.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.

Veren Cuts Dividend

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

About Veren

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.