Hartree Partners LP Lowers Stock Holdings in Veren Inc. (NYSE:VRN)

Hartree Partners LP cut its stake in shares of Veren Inc. (NYSE:VRN) by 20.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,580,000 shares of the company’s stock after selling 398,000 shares during the quarter. Veren makes up approximately 3.0% of Hartree Partners LP’s holdings, making the stock its 12th biggest holding. Hartree Partners LP’s holdings in Veren were worth $8,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HITE Hedge Asset Management LLC bought a new stake in Veren during the 3rd quarter valued at $65,155,000. Ninepoint Partners LP grew its holdings in Veren by 16.6% during the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock worth $108,454,000 after acquiring an additional 3,000,000 shares in the last quarter. Wexford Capital LP purchased a new position in Veren during the 3rd quarter valued at about $9,322,000. South Dakota Investment Council raised its holdings in shares of Veren by 194.2% in the 4th quarter. South Dakota Investment Council now owns 1,731,831 shares of the company’s stock valued at $8,902,000 after purchasing an additional 1,143,159 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Veren by 94.7% during the third quarter. National Bank of Canada FI now owns 2,217,305 shares of the company’s stock valued at $13,637,000 after purchasing an additional 1,078,596 shares in the last quarter. Institutional investors own 49.37% of the company’s stock.

Veren Trading Down 0.8 %

Shares of NYSE:VRN opened at $6.65 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. The company has a market capitalization of $4.07 billion, a PE ratio of 4.75 and a beta of 2.08. Veren Inc. has a 12-month low of $4.40 and a 12-month high of $9.02. The business’s fifty day simple moving average is $5.53 and its 200-day simple moving average is $5.57.

Veren Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be paid 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 4.79%. Veren’s dividend payout ratio (DPR) is presently 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.