15,022 Shares in Veren Inc. (NYSE:VRN) Acquired by Seven Mile Advisory

Seven Mile Advisory purchased a new stake in shares of Veren Inc. (NYSE:VRN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,022 shares of the company’s stock, valued at approximately $77,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRN. Vanguard Group Inc. boosted its holdings in shares of Veren by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 25,082,135 shares of the company’s stock worth $128,947,000 after buying an additional 507,176 shares during the last quarter. Ninepoint Partners LP boosted its stake in shares of Veren by 16.6% during the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock worth $108,454,000 after acquiring an additional 3,000,000 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of Veren during the 3rd quarter worth $65,155,000. Principal Financial Group Inc. grew its position in shares of Veren by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company’s stock valued at $21,562,000 after acquiring an additional 158,200 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Veren by 11.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company’s stock worth $24,505,000 after purchasing an additional 400,068 shares in the last quarter. 49.37% of the stock is currently owned by hedge funds and other institutional investors.

Veren Price Performance

NYSE VRN opened at $6.65 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. The business’s fifty day moving average is $5.53 and its 200 day moving average is $5.57. The company has a market capitalization of $4.07 billion, a PE ratio of 4.75 and a beta of 2.08. Veren Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.02.

Veren Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a $0.0797 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.79%. 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.