Aigen Investment Management LP Boosts Stock Position in Veren Inc. (NYSE:VRN)

Aigen Investment Management LP grew its stake in shares of Veren Inc. (NYSE:VRN) by 35.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,584 shares of the company’s stock after buying an additional 70,922 shares during the period. Aigen Investment Management LP’s holdings in Veren were worth $1,381,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Arkadios Wealth Advisors purchased a new position in Veren in the 4th quarter worth approximately $59,000. Truist Financial Corp purchased a new position in Veren in the 4th quarter worth approximately $76,000. Canoe Financial LP purchased a new position in Veren in the 4th quarter worth approximately $103,000. Wilmington Savings Fund Society FSB purchased a new position in Veren in the 3rd quarter worth approximately $108,000. Finally, Savant Capital LLC lifted its holdings in Veren by 67.0% in the 4th quarter. Savant Capital LLC now owns 21,399 shares of the company’s stock worth $110,000 after purchasing an additional 8,586 shares in the last quarter. 49.37% of the stock is owned by hedge funds and other institutional investors.

Veren Stock Up 0.7 %

NYSE VRN opened at $4.95 on Thursday. The stock has a market cap of $3.03 billion, a PE ratio of 3.53 and a beta of 2.10. Veren Inc. has a 12 month low of $4.40 and a 12 month high of $9.02. The stock’s 50 day moving average is $5.22 and its 200 day moving average is $5.67. 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be issued a dividend of $0.0797 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 6.44%. Veren’s dividend payout ratio (DPR) 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.