Veren Inc. (NYSE:VRN) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in shares of Veren Inc. (NYSE:VRN) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,730,050 shares of the company’s stock after selling 940,184 shares during the quarter. Franklin Resources Inc.’s holdings in Veren were worth $126,982,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Ninepoint Partners LP grew its holdings in Veren by 16.6% in the fourth quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock valued at $108,454,000 after purchasing an additional 3,000,000 shares during the last quarter. Wexford Capital LP acquired a new stake in Veren in the 3rd quarter valued at about $9,322,000. South Dakota Investment Council increased its holdings in Veren by 194.2% during the 4th quarter. South Dakota Investment Council now owns 1,731,831 shares of the company’s stock valued at $8,902,000 after acquiring an additional 1,143,159 shares in the last quarter. National Bank of Canada FI raised its position in Veren by 94.7% during the third quarter. National Bank of Canada FI now owns 2,217,305 shares of the company’s stock worth $13,637,000 after acquiring an additional 1,078,596 shares during the last quarter. Finally, Yaupon Capital Management LP lifted its holdings in shares of Veren by 79.2% in the third quarter. Yaupon Capital Management LP now owns 1,805,096 shares of the company’s stock valued at $11,118,000 after purchasing an additional 797,754 shares in the last quarter. Hedge funds and other institutional investors own 49.37% of the company’s stock.

Veren Stock Up 0.6 %

VRN stock opened at $6.66 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50 day simple moving average is $5.60 and its 200-day simple moving average is $5.58. Veren Inc. has a 12 month low of $4.40 and a 12 month high of $9.02. The firm has a market capitalization of $4.07 billion, a PE ratio of 4.76 and a beta of 2.08.

Veren Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were issued a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Friday, March 14th. Veren’s dividend payout ratio (DPR) is presently 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.