Toronto Dominion Bank Buys 1,437,145 Shares of Veren Inc. (NYSE:VRN)

Toronto Dominion Bank grew its stake in Veren Inc. (NYSE:VRN) by 259.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,991,047 shares of the company’s stock after purchasing an additional 1,437,145 shares during the period. Toronto Dominion Bank’s holdings in Veren were worth $10,223,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VRN. EverSource Wealth Advisors LLC increased its position in shares of Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock valued at $31,000 after purchasing an additional 2,655 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in Veren in the fourth quarter worth $54,000. Nebula Research & Development LLC purchased a new position in Veren during the fourth quarter worth $56,000. Arkadios Wealth Advisors bought a new position in Veren during the fourth quarter valued at $59,000. Finally, Orion Portfolio Solutions LLC bought a new position in Veren during the fourth quarter valued at $71,000. 49.37% of the stock is owned by institutional investors.

Veren Stock Performance

Shares of VRN opened at $6.01 on Wednesday. The company’s fifty day simple moving average is $6.09 and its 200-day simple moving average is $5.50. The company has a market cap of $3.68 billion, a P/E ratio of 4.29 and a beta of 0.93. 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 $4.40 and a twelve month high of $8.81.

Veren Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were issued a dividend of $0.0797 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.30%. Veren’s payout ratio 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.