Charles Schwab Investment Management Inc. Has $10.20 Million Position in Veren Inc. (NYSE:VRN)

Charles Schwab Investment Management Inc. increased its position in shares of Veren Inc. (NYSE:VRN) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,985,175 shares of the company’s stock after purchasing an additional 124,863 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.32% of Veren worth $10,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new stake in Veren during the 4th quarter worth approximately $59,000. Truist Financial Corp acquired a new stake in Veren during the 4th quarter worth approximately $76,000. Wilmington Savings Fund Society FSB acquired a new stake in Veren during the 3rd quarter worth approximately $108,000. Canoe Financial LP acquired a new stake in Veren during the 4th quarter worth approximately $103,000. Finally, Bridgewater Associates LP acquired a new position in Veren in the 3rd quarter valued at $125,000. 49.37% of the stock is owned by institutional investors and hedge funds.

Veren Price Performance

Shares of NYSE VRN opened at $6.64 on Friday. The stock has a market capitalization of $4.06 billion, a PE ratio of 4.74 and a beta of 2.08. 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 moving average price of $5.41 and a two-hundred day moving average price of $5.56. Veren Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.02.

Veren Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be issued a $0.0797 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 4.80%. Veren’s dividend payout ratio is presently 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.