Blue Trust Inc. Trims Position in Veren Inc. (NYSE:VRN)

Blue Trust Inc. lowered its position in Veren Inc. (NYSE:VRN) by 45.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,287 shares of the company’s stock after selling 7,609 shares during the quarter. Blue Trust Inc.’s holdings in Veren were worth $48,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in Veren by 313.7% in the 3rd quarter. Barclays PLC now owns 132,245 shares of the company’s stock valued at $813,000 after buying an additional 100,279 shares during the period. Intact Investment Management Inc. increased its position in shares of Veren by 46.7% during the third quarter. Intact Investment Management Inc. now owns 5,458,686 shares of the company’s stock valued at $33,624,000 after acquiring an additional 1,737,840 shares during the last quarter. Principal Financial Group Inc. raised its stake 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 acquiring an additional 653,300 shares during the period. Toronto Dominion Bank raised its stake in shares of Veren by 302.4% in the 3rd quarter. Toronto Dominion Bank now owns 553,902 shares of the company’s stock valued at $3,406,000 after acquiring an additional 416,265 shares during the period. Finally, National Bank of Canada FI lifted its holdings in shares of Veren by 94.7% in the 3rd quarter. National Bank of Canada FI now owns 2,217,305 shares of the company’s stock worth $13,637,000 after acquiring an additional 1,078,596 shares during the last quarter. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Veren Stock Performance

NYSE VRN opened at $4.82 on Thursday. 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 company has a market cap of $2.95 billion, a P/E ratio of 3.44 and a beta of 2.10. The stock has a 50-day moving average of $5.19 and a two-hundred day moving average of $5.74. Veren Inc. has a 1-year low of $4.39 and a 1-year high of $9.28.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their target price on Veren from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st.

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.