Easterly Investment Partners LLC Has $3.64 Million Stock Position in Veren Inc. (NYSE:VRN)

Easterly Investment Partners LLC boosted its stake in Veren Inc. (NYSE:VRN) by 56.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 709,045 shares of the company’s stock after acquiring an additional 256,665 shares during the period. Easterly Investment Partners LLC owned 0.12% of Veren worth $3,644,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Veren by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,860,312 shares of the company’s stock worth $11,470,000 after buying an additional 50,997 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Veren during the 3rd quarter worth about $1,065,000. The Manufacturers Life Insurance Company raised its position 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 acquiring an additional 400,068 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Veren by 266.4% in the 3rd quarter. Quantbot Technologies LP now owns 277,007 shares of the company’s stock valued at $1,704,000 after purchasing an additional 201,413 shares during the period. Finally, Bridgewater Associates LP acquired a new position in shares of Veren in the 3rd quarter valued at about $125,000. Institutional investors own 49.37% of the company’s stock.

Veren Trading Up 0.2 %

Shares of VRN stock opened at $6.79 on Thursday. The company has a market cap of $4.15 billion, a P/E ratio of 4.85 and a beta of 2.08. The stock has a 50 day simple moving average of $5.49 and a two-hundred day simple moving average of $5.57. 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be given a dividend of $0.0797 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.70%. Veren’s payout ratio 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.