EverSource Wealth Advisors LLC Buys 2,655 Shares of Veren Inc. (NYSE:VRN)

EverSource Wealth Advisors LLC boosted its stake in Veren Inc. (NYSE:VRN) by 80.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,951 shares of the company’s stock after acquiring an additional 2,655 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Veren were worth $31,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Foundry Partners LLC bought a new stake in shares of Veren in the third quarter valued at about $6,734,000. Charles Schwab Investment Management Inc. lifted its stake in Veren by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,860,312 shares of the company’s stock valued at $11,470,000 after acquiring an additional 50,997 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Veren during the 3rd quarter worth approximately $1,065,000. DRW Securities LLC bought a new position in shares of Veren during the 3rd quarter worth approximately $1,414,000. Finally, The Manufacturers Life Insurance Company grew its stake 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 worth $24,505,000 after acquiring an additional 400,068 shares in the last quarter. 49.37% of the stock is owned by institutional investors and hedge funds.

Veren Stock Performance

Shares of VRN stock opened at $6.65 on Friday. Veren Inc. has a 12 month low of $4.40 and a 12 month high of $9.02. The company’s fifty day simple moving average is $5.39 and its 200-day simple moving average is $5.58. The firm has a market cap of $4.07 billion, a PE ratio of 4.75 and a beta of 2.08. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be given a dividend of $0.0797 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 4.79%. Veren’s dividend payout ratio (DPR) 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.