Savant Capital LLC Increases Stock Position in Veren Inc. (NYSE:VRN)

Savant Capital LLC lifted its holdings in shares of Veren Inc. (NYSE:VRN) by 67.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,399 shares of the company’s stock after buying an additional 8,586 shares during the quarter. Savant Capital LLC’s holdings in Veren were worth $110,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Blue Trust Inc. bought a new stake in Veren during the 3rd quarter worth approximately $104,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Veren during the 3rd quarter worth approximately $79,000. Intact Investment Management Inc. increased its holdings in Veren by 46.7% during the 3rd quarter. Intact Investment Management Inc. now owns 5,458,686 shares of the company’s stock worth $33,624,000 after acquiring an additional 1,737,840 shares during the period. Capital Management Corp VA increased its holdings in Veren by 92.1% during the 3rd quarter. Capital Management Corp VA now owns 3,124,775 shares of the company’s stock worth $19,217,000 after acquiring an additional 1,498,544 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Veren by 19.3% during the 3rd quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company’s stock worth $24,899,000 after acquiring an additional 653,300 shares during the period. 49.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their target price on shares of Veren from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, November 1st.

Veren Price Performance

Shares of NYSE:VRN opened at $5.34 on Thursday. The company’s fifty day moving average price is $5.16 and its 200-day moving average price is $5.81. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 3.81 and a beta of 2.10. Veren Inc. has a one year low of $4.39 and a one year high of $9.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88.

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.