D. E. Shaw & Co. Inc. Buys 1,420,047 Shares of Veren Inc. (NYSE:VRN)

D. E. Shaw & Co. Inc. raised its stake in shares of Veren Inc. (NYSE:VRN) by 4,459.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,451,891 shares of the company’s stock after purchasing an additional 1,420,047 shares during the period. D. E. Shaw & Co. Inc. owned 0.24% of Veren worth $7,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in VRN. Barclays PLC raised its position in shares of Veren by 313.7% during the 3rd quarter. Barclays PLC now owns 132,245 shares of the company’s stock valued at $813,000 after buying an additional 100,279 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Veren by 642.8% during the third quarter. JPMorgan Chase & Co. now owns 260,958 shares of the company’s stock worth $1,605,000 after acquiring an additional 225,827 shares during the period. Canoe Financial LP bought a new position in shares of Veren during the fourth quarter valued at approximately $103,000. Arkadios Wealth Advisors bought a new position in shares of Veren during the fourth quarter valued at approximately $59,000. Finally, DGS Capital Management LLC boosted its stake in shares of Veren by 302.3% during the fourth quarter. DGS Capital Management LLC now owns 76,814 shares of the company’s stock valued at $395,000 after purchasing an additional 57,719 shares in the last quarter. 49.37% of the stock is currently owned by hedge funds and other institutional investors.

Veren Price Performance

Shares of VRN opened at $6.01 on Friday. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 4.29 and a beta of 0.93. Veren Inc. has a twelve month low of $4.40 and a twelve month 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 50 day moving average of $6.09 and a two-hundred day moving average of $5.49.

Veren Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were paid a $0.0797 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.30%. Veren’s dividend payout ratio (DPR) is 96.88%.

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.