Veren Inc. (NYSE:VRN) Stock Holdings Boosted by Capital Fund Management S.A.

Capital Fund Management S.A. lifted its position in Veren Inc. (NYSE:VRN) by 41.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 66,011 shares of the company’s stock after buying an additional 19,300 shares during the quarter. Capital Fund Management S.A.’s holdings in Veren were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Veren by 80.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock worth $31,000 after acquiring an additional 2,655 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of Veren in the 4th quarter worth approximately $59,000. Orion Portfolio Solutions LLC bought a new stake in shares of Veren in the 4th quarter worth approximately $71,000. Truist Financial Corp acquired a new stake in Veren during the fourth quarter valued at approximately $76,000. Finally, Seven Mile Advisory bought a new stake in Veren during the fourth quarter worth approximately $77,000. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Price Performance

NYSE VRN opened at $5.97 on Thursday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 4.26 and a beta of 1.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. The business’s fifty day moving average is $5.72 and its two-hundred day moving average is $5.53. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $9.02.

Veren Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were issued a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend was Friday, March 14th. Veren’s dividend payout ratio is 96.88%.

Veren 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.