Proficio Capital Partners LLC Acquires Shares of 32,000 Veren Inc. (NYSE:VRN)

Proficio Capital Partners LLC bought a new position in Veren Inc. (NYSE:VRN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 32,000 shares of the company’s stock, valued at approximately $164,000.

Several other hedge funds also recently made changes to their positions in VRN. Barclays PLC raised its holdings in Veren by 313.7% during the third quarter. Barclays PLC now owns 132,245 shares of the company’s stock worth $813,000 after purchasing an additional 100,279 shares in the last quarter. Alberta Investment Management Corp raised its stake in shares of Veren by 108.0% during the 4th quarter. Alberta Investment Management Corp now owns 689,400 shares of the company’s stock worth $3,542,000 after buying an additional 358,000 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Veren by 19.3% in the 3rd quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company’s stock valued at $24,899,000 after buying an additional 653,300 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Veren by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company’s stock valued at $10,201,000 after buying an additional 124,863 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in Veren by 302.4% during the third quarter. Toronto Dominion Bank now owns 553,902 shares of the company’s stock worth $3,406,000 after acquiring an additional 416,265 shares during the period. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Trading Down 1.0 %

NYSE:VRN opened at $6.72 on Friday. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $9.02. 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 stock has a fifty day moving average price of $5.51 and a two-hundred day moving average price of $5.58. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 4.80 and a beta of 2.08.

Veren Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be paid a $0.0797 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Friday, March 14th. Veren’s dividend payout ratio (DPR) is 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.