Aristides Capital LLC Purchases Shares of 43,900 Veren Inc. (NYSE:VRN)

Aristides Capital LLC acquired a new position in Veren Inc. (NYSE:VRN) in the fourth quarter, HoldingsChannel reports. The firm acquired 43,900 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in Veren by 80.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock worth $31,000 after purchasing an additional 2,655 shares during the last quarter. Alliancebernstein L.P. increased its stake in Veren by 4.8% in the 4th quarter. Alliancebernstein L.P. now owns 101,460 shares of the company’s stock worth $522,000 after purchasing an additional 4,640 shares during the period. Northwest & Ethical Investments L.P. lifted its position in Veren by 17.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 44,965 shares of the company’s stock valued at $231,000 after purchasing an additional 6,727 shares during the last quarter. Savant Capital LLC lifted its position in Veren by 67.0% in the fourth quarter. Savant Capital LLC now owns 21,399 shares of the company’s stock valued at $110,000 after purchasing an additional 8,586 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Veren by 56.3% during the fourth quarter. Blue Trust Inc. now owns 26,416 shares of the company’s stock valued at $136,000 after purchasing an additional 9,520 shares during the period. Hedge funds and other institutional investors own 49.37% of the company’s stock.

Veren Stock Down 11.7 %

Shares of NYSE VRN opened at $5.54 on Monday. The firm’s fifty day moving average is $5.63 and its 200 day moving average is $5.57. Veren Inc. has a 52 week low of $4.40 and a 52 week high of $9.02. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 3.95 and a beta of 1.45.

Veren Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were given a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date was Friday, March 14th. Veren’s payout ratio is 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.