Trexquant Investment LP Has $7.66 Million Stake in Veren Inc. (NYSE:VRN)

Trexquant Investment LP raised its position in Veren Inc. (NYSE:VRN) by 329.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,489,872 shares of the company’s stock after acquiring an additional 1,143,293 shares during the quarter. Trexquant Investment LP’s holdings in Veren were worth $7,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in Veren by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 398,943 shares of the company’s stock valued at $2,067,000 after purchasing an additional 18,557 shares during the last quarter. Seven Mile Advisory acquired a new stake in shares of Veren in the fourth quarter valued at approximately $77,000. Alliancebernstein L.P. boosted its stake in shares of Veren by 4.8% during the 4th quarter. Alliancebernstein L.P. now owns 101,460 shares of the company’s stock worth $522,000 after acquiring an additional 4,640 shares during the period. Orion Portfolio Solutions LLC acquired a new position in shares of Veren during the 4th quarter worth approximately $71,000. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Veren by 15.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 105,828 shares of the company’s stock worth $544,000 after acquiring an additional 13,847 shares during the last quarter. Institutional investors own 49.37% of the company’s stock.

Veren Trading Down 6.1 %

Shares of Veren stock opened at $6.28 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 business has a fifty day simple moving average of $5.62 and a two-hundred day simple moving average of $5.59. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $9.02. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 4.48 and a beta of 2.08.

Veren Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were paid a $0.0797 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.08%. Veren’s dividend payout ratio (DPR) is currently 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.