Veren Inc. (NYSE:VRN) Shares Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp boosted its stake in Veren Inc. (NYSE:VRN) by 108.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 689,400 shares of the company’s stock after purchasing an additional 358,000 shares during the quarter. Alberta Investment Management Corp owned about 0.11% of Veren worth $3,542,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of VRN. Truist Financial Corp purchased a new position in shares of Veren in the 4th quarter worth $76,000. Principal Financial Group Inc. increased its stake in Veren by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company’s stock worth $21,562,000 after acquiring an additional 158,200 shares during the last quarter. Savant Capital LLC raised its holdings in shares of 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 during the period. IMC Chicago LLC purchased a new position in shares of Veren in the 4th quarter worth about $262,000. Finally, Gagnon Advisors LLC lifted its stake in shares of Veren by 42.9% in the 4th quarter. Gagnon Advisors LLC now owns 890,693 shares of the company’s stock valued at $4,578,000 after purchasing an additional 267,580 shares in the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their target price on shares of Veren from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Veren Stock Down 0.8 %

Shares of Veren stock opened at $5.30 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. Veren Inc. has a twelve month low of $4.39 and a twelve month high of $9.28. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 3.78 and a beta of 2.10. The company has a fifty day moving average price of $5.17 and a 200 day moving average price of $5.81.

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.