Veren Inc. (NYSE:VRN) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its holdings in shares of Veren Inc. (NYSE:VRN) by 17.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 44,965 shares of the company’s stock after buying an additional 6,727 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Veren were worth $231,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position in Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock worth $31,000 after acquiring an additional 2,655 shares during the period. Savant Capital LLC grew its position in Veren by 67.0% in the 4th quarter. Savant Capital LLC now owns 21,399 shares of the company’s stock valued at $110,000 after buying an additional 8,586 shares during the last quarter. Blue Trust Inc. increased its stake in Veren by 56.3% in the 4th quarter. Blue Trust Inc. now owns 26,416 shares of the company’s stock valued at $136,000 after buying an additional 9,520 shares during the period. K.J. Harrison & Partners Inc increased its stake in Veren by 16.3% in the 4th quarter. K.J. Harrison & Partners Inc now owns 71,228 shares of the company’s stock valued at $374,000 after buying an additional 10,000 shares during the period. Finally, Arkadios Wealth Advisors purchased a new position in Veren during the fourth quarter worth about $59,000. Hedge funds and other institutional investors own 49.37% of the company’s stock.

Veren Stock Performance

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

Veren Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be paid a $0.0797 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Friday, March 14th. Veren’s dividend payout ratio (DPR) is 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.