Veren Inc. (NYSE:VRN) Position Boosted by NFP Retirement Inc.

NFP Retirement Inc. lifted its stake in Veren Inc. (NYSE:VRN) by 31.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 60,000 shares of the company’s stock after acquiring an additional 14,250 shares during the quarter. NFP Retirement Inc.’s holdings in Veren were worth $308,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in VRN. EverSource Wealth Advisors LLC increased its stake in Veren by 80.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock valued at $31,000 after buying an additional 2,655 shares during the period. Alliancebernstein L.P. increased its stake in shares of Veren by 4.8% in the fourth 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 last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of Veren by 17.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 44,965 shares of the company’s stock worth $231,000 after acquiring an additional 6,727 shares in the last quarter. Savant Capital LLC boosted its position in Veren by 67.0% during 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 position in 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 last quarter. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Veren Stock Performance

Shares of VRN stock opened at $5.75 on Friday. Veren Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.02. The stock’s 50-day moving average is $5.68 and its two-hundred day moving average is $5.54. 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 firm has a market cap of $3.51 billion, a P/E ratio of 4.10 and a beta of 1.45.

Veren Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were issued a $0.0797 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.55%. Veren’s dividend payout ratio is currently 100.00%.

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.