K.J. Harrison & Partners Inc Acquires 10,000 Shares of Veren Inc. (NYSE:VRN)

K.J. Harrison & Partners Inc lifted its holdings in Veren Inc. (NYSE:VRN) by 16.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,228 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Veren were worth $374,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. FourThought Financial Partners LLC bought a new stake in Veren during the 4th quarter worth about $168,000. Bank of New York Mellon Corp increased its position in shares of Veren by 101.9% in the fourth quarter. Bank of New York Mellon Corp now owns 304,357 shares of the company’s stock valued at $1,564,000 after acquiring an additional 153,607 shares during the last quarter. South Dakota Investment Council raised its holdings in Veren by 194.2% during the fourth quarter. South Dakota Investment Council now owns 1,731,831 shares of the company’s stock worth $8,902,000 after acquiring an additional 1,143,159 shares in the last quarter. Private Advisor Group LLC acquired a new position in Veren during the fourth quarter valued at approximately $150,000. Finally, Alberta Investment Management Corp boosted its position in Veren by 108.0% during the fourth quarter. Alberta Investment Management Corp now owns 689,400 shares of the company’s stock valued at $3,542,000 after purchasing an additional 358,000 shares during the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Stock Up 8.8 %

Veren stock opened at $5.25 on Friday. 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 moving average is $5.20 and its 200-day moving average is $5.74. The firm has a market capitalization of $3.21 billion, a PE ratio of 3.75 and a beta of 2.10. Veren Inc. has a fifty-two week low of $4.39 and a fifty-two week high of $9.28.

Wall Street Analyst Weigh In

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

Veren Company 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.