Veren Inc. (NYSE:VRN) Stock Holdings Lessened by Signaturefd LLC

Signaturefd LLC lessened its position in Veren Inc. (NYSE:VRN) by 39.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,519 shares of the company’s stock after selling 13,959 shares during the period. Signaturefd LLC’s holdings in Veren were worth $132,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Veren in the 2nd quarter worth about $28,162,000. Lorne Steinberg Wealth Management Inc. acquired a new position in Veren during the 2nd quarter valued at about $624,000. Ninepoint Partners LP acquired a new position in Veren during the 2nd quarter valued at about $125,920,000. Merewether Investment Management LP acquired a new position in Veren during the 2nd quarter valued at about $36,681,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Veren in the 2nd quarter worth approximately $686,000. Institutional investors and hedge funds own 49.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Raymond James assumed coverage on shares of Veren in a research note on Friday, October 18th. They issued a “strong-buy” rating and a $13.00 price objective on the stock. Scotiabank lowered their price objective on shares of Veren from $16.00 to $15.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th.

Veren Price Performance

Shares of VRN opened at $6.05 on Tuesday. Veren Inc. has a one year low of $5.95 and a one year high of $9.28. The stock has a 50-day moving average price of $6.55. The firm has a market capitalization of $3.74 billion, a PE ratio of -75.63 and a beta of 2.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.49 and a current ratio of 0.49.

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.