Bank of New York Mellon Corp Has $1.56 Million Stake in Veren Inc. (NYSE:VRN)

Bank of New York Mellon Corp boosted its position in shares of Veren Inc. (NYSE:VRN) by 101.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,357 shares of the company’s stock after acquiring an additional 153,607 shares during the period. Bank of New York Mellon Corp’s holdings in Veren were worth $1,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRN. Arkadios Wealth Advisors acquired a new position in Veren during the 4th quarter worth $59,000. Truist Financial Corp acquired a new position in shares of Veren during the fourth quarter valued at about $76,000. Canoe Financial LP acquired a new position in shares of Veren during the fourth quarter valued at about $103,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Veren during the third quarter valued at about $108,000. Finally, Savant Capital LLC raised its position in shares of 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 buying an additional 8,586 shares during the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Stock Up 0.1 %

Shares of VRN opened at $6.64 on Friday. The company has a 50-day simple moving average of $5.41 and a 200-day simple moving average of $5.56. The firm has a market capitalization of $4.06 billion, a P/E ratio of 4.74 and a beta of 2.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. Veren Inc. has a 52 week low of $4.40 and a 52 week high of $9.02.

Veren Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be given a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Friday, March 14th. Veren’s dividend payout ratio is currently 100.00%.

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.