Tidal Investments LLC Has $315,000 Stock Holdings in Veren Inc. (NYSE:VRN)

Tidal Investments LLC grew its stake in shares of Veren Inc. (NYSE:VRN) by 90.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,170 shares of the company’s stock after purchasing an additional 24,323 shares during the quarter. Tidal Investments LLC’s holdings in Veren were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC acquired a new position in Veren during the second quarter worth $42,000. Olympiad Research LP grew its position in shares of Veren by 36.2% in the 3rd quarter. Olympiad Research LP now owns 29,088 shares of the company’s stock valued at $179,000 after acquiring an additional 7,724 shares during the period. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Veren during the 3rd quarter worth about $79,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Veren in the 2nd quarter valued at about $103,000. Finally, Brighton Jones LLC acquired a new stake in Veren in the 2nd quarter valued at about $108,000. Institutional investors own 49.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Raymond James assumed coverage on Veren in a research report on Friday, October 18th. They set a “strong-buy” rating and a $13.00 price target on the stock. Royal Bank of Canada decreased their target price on Veren from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, November 1st.

Veren Stock Up 2.1 %

Shares of VRN opened at $4.93 on Wednesday. The firm has a market cap of $3.03 billion, a P/E ratio of 3.52 and a beta of 2.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. Veren Inc. has a 52 week low of $4.39 and a 52 week high of $9.28. The firm’s 50-day simple moving average is $5.34 and its 200 day simple moving average is $6.54.

Veren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be given a $0.085 dividend. This is an increase from Veren’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.34 annualized dividend and a dividend yield of 6.90%. Veren’s dividend payout ratio 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.