HighTower Advisors LLC Decreases Stock Holdings in Veren Inc. (NYSE:VRN)

HighTower Advisors LLC cut its stake in Veren Inc. (NYSE:VRN) by 52.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,148 shares of the company’s stock after selling 57,964 shares during the period. HighTower Advisors LLC’s holdings in Veren were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VRN. Charles Schwab Investment Management Inc. boosted its position in shares of Veren by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,860,312 shares of the company’s stock worth $11,470,000 after buying an additional 50,997 shares in the last quarter. Bridgewater Associates LP purchased a new stake in shares of Veren in the third quarter valued at about $125,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Veren in the third quarter valued at about $770,000. Wexford Capital LP purchased a new position in shares of Veren during the 3rd quarter worth approximately $9,322,000. Finally, National Bank of Canada FI increased its stake in shares of Veren by 94.7% during the 3rd quarter. National Bank of Canada FI now owns 2,217,305 shares of the company’s stock worth $13,637,000 after purchasing an additional 1,078,596 shares in the last quarter. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Veren Stock Up 0.6 %

Shares of NYSE:VRN opened at $6.66 on Thursday. The company has a market capitalization of $4.07 billion, a P/E ratio of 4.76 and a beta of 2.08. The stock’s fifty day simple moving average is $5.60 and its 200-day simple moving average is $5.58. Veren Inc. has a 52-week low of $4.40 and a 52-week high of $9.02. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34.

Veren Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were paid a dividend of $0.0797 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.78%. Veren’s dividend payout ratio is presently 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.