UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 67,383 Shares of Veren Inc. (NYSE:VRN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Veren Inc. (NYSE:VRN) by 11.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 539,069 shares of the company’s stock after selling 67,383 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of Veren worth $3,315,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bridgewater Associates LP purchased a new position in Veren during the third quarter valued at $125,000. Quantbot Technologies LP raised its stake in shares of Veren by 266.4% in the third quarter. Quantbot Technologies LP now owns 277,007 shares of the company’s stock worth $1,704,000 after buying an additional 201,413 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Veren by 11.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company’s stock valued at $24,505,000 after buying an additional 400,068 shares in the last quarter. DRW Securities LLC bought a new position in shares of Veren during the 3rd quarter valued at approximately $1,414,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Veren in the 3rd quarter worth approximately $1,065,000. Institutional investors own 49.37% of the company’s stock.

Analyst Ratings Changes

VRN has been the topic of a number of analyst reports. Raymond James began coverage on shares of Veren in a research note on Friday, October 18th. They set a “strong-buy” rating and a $13.00 target price on the stock. Royal Bank of Canada lowered their price objective 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 Price Performance

VRN stock opened at $4.87 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a 12 month low of $4.82 and a 12 month high of $9.28. The stock has a market cap of $2.99 billion, a PE ratio of 3.47 and a beta of 2.16. The company has a 50-day moving average price of $5.60 and a 200 day moving average price of $6.74.

Veren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be issued a dividend of $0.085 per share. This is a positive change from Veren’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, December 13th. This represents a $0.34 dividend on an annualized basis and a yield of 6.99%. Veren’s dividend payout ratio (DPR) is presently 24.29%.

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.